Knoll Capital Management LLC Purchases New Position in Versamet Royalties Corporation $VMET

Knoll Capital Management LLC acquired a new position in shares of Versamet Royalties Corporation (NASDAQ:VMET) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 66,621 shares of the company’s stock, valued at approximately $821,000.

Separately, Public Employees Retirement System of Ohio acquired a new stake in Versamet Royalties in the second quarter worth about $104,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VMET shares. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Versamet Royalties in a research note on Monday, July 6th. Wall Street Zen downgraded Versamet Royalties from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Versamet Royalties Trading Down 5.3%

NASDAQ:VMET opened at $9.79 on Friday. The company has a market capitalization of $1.07 billion and a PE ratio of 27.20. Versamet Royalties Corporation has a 1-year low of $5.55 and a 1-year high of $15.58. The firm has a fifty day moving average price of $9.86. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.82.

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

About Versamet Royalties

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.