Empire Metals (LON:EEE – Get Free Report) issued its quarterly earnings results on Monday. The company reported GBX (0.52) earnings per share (EPS) for the quarter, Digital Look Earnings reports.
Empire Metals Stock Down 3.3%
Shares of LON:EEE opened at GBX 27.65 on Monday. The company has a current ratio of 22.12, a quick ratio of 20.03 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of GBX 36.68 and a two-hundred day simple moving average of GBX 40.40. Empire Metals has a 12-month low of GBX 9.44 and a 12-month high of GBX 84. The stock has a market capitalization of £196.56 million, a price-to-earnings ratio of -285.05 and a beta of 2.35.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 62 price objective on shares of Empire Metals in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 62.
About Empire Metals
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.
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