Versamet Royalties (NASDAQ:VMET) Announces Earnings Results, Hits Estimates

Versamet Royalties (NASDAQ:VMET) released its quarterly earnings results on Tuesday. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04, Zacks reports. The company had revenue of $21.11 million during the quarter. Versamet Royalties had a return on equity of 11.40% and a net margin of 43.35%.

Versamet Royalties Trading Down 7.1%

VMET traded down $0.60 on Thursday, hitting $7.92. The company had a trading volume of 89,750 shares, compared to its average volume of 204,726. The firm has a market cap of $861.39 million and a P/E ratio of 21.45. Versamet Royalties has a 1 year low of $7.60 and a 1 year high of $15.58. The company’s fifty day moving average price is $8.98 and its 200 day moving average price is $10.40. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.82.

Analyst Ratings Changes

A number of brokerages have recently commented on VMET. TD Securities assumed coverage on shares of Versamet Royalties in a research report on Thursday, October 8th. They issued a “buy” rating for the company. Weiss Ratings lowered shares of Versamet Royalties from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 23rd. Finally, Wall Street Zen cut shares of Versamet Royalties from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Versamet Royalties Company Profile

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.