Versamet Royalties (NASDAQ:VMET – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07, Zacks reports. The business had revenue of $23.97 million for the quarter.
Versamet Royalties Stock Down 9.0%
VMET stock traded down $1.10 during midday trading on Friday, hitting $11.17. 231,295 shares of the company traded hands, compared to its average volume of 125,721. Versamet Royalties has a twelve month low of $5.40 and a twelve month high of $15.58. The company has a market cap of $1.21 billion and a PE ratio of 58.79.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. BMO Capital Markets raised shares of Versamet Royalties to a “strong-buy” rating in a research report on Monday, April 6th. Wall Street Zen raised shares of Versamet Royalties to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings began coverage on Versamet Royalties in a report on Tuesday, April 7th. They set a “sell (e)” rating on the stock. Finally, Zacks Research upgraded Versamet Royalties to a “hold” rating in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.
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