Versamet Royalties (NASDAQ:VMET) Stock Picked Up by Analysts at TD Securities

Equities researchers at TD Securities initiated coverage on shares of Versamet Royalties (NASDAQ:VMET) in a research note issued to investors on Thursday, Briefing.com reports. The brokerage set a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen cut Versamet Royalties from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. Weiss Ratings upgraded shares of Versamet Royalties from a “sell (e)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Versamet Royalties Stock Down 1.8%

VMET stock opened at $8.51 on Thursday. The company has a market capitalization of $926.14 million and a price-to-earnings ratio of 23.64. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $9.71. Versamet Royalties has a 12-month low of $6.94 and a 12-month high of $15.58.

Versamet Royalties (NASDAQ:VMET) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Versamet Royalties had a return on equity of 12.22% and a net margin of 49.92%.The business had revenue of $23.73 million for the quarter. On average, research analysts expect that Versamet Royalties will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Knoll Capital Management LLC purchased a new stake in Versamet Royalties in the 2nd quarter worth about $821,000. Sequoia Financial Advisors LLC purchased a new stake in Versamet Royalties during the second quarter valued at about $338,000. Finally, Public Employees Retirement System of Ohio bought a new position in Versamet Royalties during the second quarter worth about $104,000.

Versamet Royalties Company Profile

Versamet Royalties Corporation is a mineral royalty and streaming company focused on acquiring and managing interests in precious- and base-metal mining assets. Rather than operating mines directly, the company provides capital or other financing to mining companies in exchange for rights to receive a portion of future production, revenue or mineral sales.

Its portfolio is designed to provide exposure to a range of commodities and mining projects across various stages of development, including producing, development-stage and exploration assets.