Versamet Royalties (NASDAQ:VMET) Releases Earnings Results, Hits Expectations

Versamet Royalties (NASDAQ:VMET) announced its quarterly earnings results on Tuesday. The company reported $0.04 EPS for the quarter, hitting 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 Trading Down 7.0%

Shares of VMET traded down $0.66 on Tuesday, hitting $8.72. 291,619 shares of the stock traded hands, compared to its average volume of 205,732. Versamet Royalties has a 1 year low of $7.60 and a 1 year high of $15.58. The stock’s 50 day moving average is $9.04 and its two-hundred day moving average is $10.43. The firm has a market capitalization of $949.00 million and a P/E ratio of 24.22. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.82.

Wall Street Analyst Weigh In

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

About Versamet Royalties

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.