Versamet Royalties (NASDAQ:VMET) Issues Quarterly Earnings Results

Versamet Royalties (NASDAQ:VMET) announced its earnings results on Tuesday. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04, Zacks reports. Versamet Royalties had a return on equity of 12.22% and a net margin of 49.92%.

Versamet Royalties Price Performance

NASDAQ:VMET opened at $8.72 on Wednesday. The business’s 50-day moving average price is $9.01 and its 200 day moving average price is $10.42. The firm has a market cap of $949.00 million and a P/E ratio of 26.06. Versamet Royalties has a 52-week low of $7.60 and a 52-week high of $15.58. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.82.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings lowered Versamet Royalties from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. Wall Street Zen cut shares of Versamet Royalties from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. Finally, TD Securities assumed coverage on shares of Versamet Royalties in a report on Thursday, October 8th. They issued a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Versamet Royalties Company Profile

Versamet Royalties is a mining royalty and streaming company. It provides financing to mine operators in exchange for rights to receive a portion of future production or revenue, giving it exposure to mining projects without operating the mines itself. The company’s portfolio includes interests tied to precious-metals production and development. Its business involves acquiring and managing royalties and streams across mining projects, with the value of those interests dependent on project development and operations.