Empire Metals (LON:EEE) Posts Quarterly Earnings Results

Empire Metals (LON:EEE) released its earnings results on Thursday. The company reported GBX (0.26) earnings per share for the quarter, Digital Look Earnings reports.

Empire Metals Price Performance

EEE opened at GBX 42.49 on Thursday. The company has a quick ratio of 20.03, a current ratio of 15.45 and a debt-to-equity ratio of 0.37. Empire Metals has a 52-week low of GBX 25.63 and a 52-week high of GBX 84. The company has a 50 day moving average of GBX 41.48 and a two-hundred day moving average of GBX 36.27. The company has a market cap of £313.43 million, a P/E ratio of -81.72 and a beta of 2.17.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 62 price objective on shares of Empire Metals in a research note on Thursday, June 11th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Empire Metals has a consensus rating of “Buy” and an average target price of GBX 62.

Empire Metals Company Profile

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% TiO₂ for 113 million tonnes of contained TiO₂.

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