Versamet Royalties (NASDAQ:VMET) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Versamet Royalties (NASDAQ:VMET) announced its quarterly earnings results on Thursday. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02), Zacks reports. Versamet Royalties had a net margin of 58.44% and a return on equity of 14.54%.

Versamet Royalties Trading Up 1.9%

Shares of Versamet Royalties stock traded up $0.19 during trading on Thursday, reaching $10.13. The company’s stock had a trading volume of 136,620 shares, compared to its average volume of 160,157. The stock has a 50-day moving average price of $10.59. The company has a market capitalization of $1.10 billion and a price-to-earnings ratio of 31.66. Versamet Royalties has a fifty-two week low of $5.40 and a fifty-two week high of $15.58. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.74.

Wall Street Analyst Weigh In

VMET has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (e)” rating on shares of Versamet Royalties in a research report on Monday, July 6th. Wall Street Zen upgraded shares of Versamet Royalties to a “hold” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Versamet Royalties Company Profile

Versamet Royalties Corporation is a mid-tier precious metals royalty and streaming company. The Company is focused on building a diverse portfolio of royalty and streaming assets. Its portfolio includes producing and development-stage assets across a range of commodities. Versamet Royalties Corporation is based in VANCOUVER, Canada.