Canaccord Genuity Group Reaffirms “Speculative Buy” Rating for Empire Metals (LON:EEE)

Empire Metals (LON:EEE)‘s stock had its “speculative buy” rating reaffirmed by Canaccord Genuity Group in a report issued on Thursday, MarketBeat reports. They presently have a GBX 62 price target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 67.12% from the stock’s previous close.

Empire Metals Stock Performance

Shares of EEE traded up GBX 0.75 during mid-day trading on Thursday, hitting GBX 37.10. 1,994,251 shares of the company traded hands, compared to its average volume of 2,208,781. The stock has a market cap of £273.63 million, a price-to-earnings ratio of -71.07 and a beta of 2.17. The stock has a 50-day moving average price of GBX 41.23 and a two-hundred day moving average price of GBX 36.83. Empire Metals has a 1 year low of GBX 25.63 and a 1 year high of GBX 82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 20.03 and a current ratio of 37.87.

Empire Metals (LON:EEE) last issued its earnings results on Thursday, August 27th. The company reported GBX (0.26) earnings per share (EPS) for the quarter.

About Empire Metals

Empire Metals Ltd (AIM: EEE and OTCQX: EPMLF) is an exploration and resource development company focused on the commercialisation of the Pitfield Titanium Project, located in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a Mineral Resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO? for 113 million tonnes of contained TiO?.

Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip.