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

Versamet Royalties (NASDAQ:VMET) posted its quarterly earnings data on Thursday. The company reported $0.04 earnings per share (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%

NASDAQ:VMET opened at $10.13 on Friday. The stock has a market capitalization of $1.10 billion and a price-to-earnings ratio of 31.66. The company has a fifty day moving average of $10.54. Versamet Royalties has a 12-month low of $5.40 and a 12-month 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Versamet Royalties to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reissued a “sell (e)” rating on shares of Versamet Royalties in a research report on Monday, July 6th. One equities research 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, the stock currently 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.