Empire Metals (LON:EEE) Posts Quarterly Earnings Results

Empire Metals (LON:EEEGet Free Report) posted its quarterly earnings results on Thursday. The company reported GBX (0.26) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Empire Metals Stock Down 2.3%

Shares of LON EEE opened at GBX 42.49 on Thursday. The stock has a market cap of £313.43 million, a PE ratio of -81.72 and a beta of 2.17. The company has a 50-day moving average of GBX 41.48 and a 200 day moving average of GBX 36.27. Empire Metals has a 12-month low of GBX 25.63 and a 12-month high of GBX 84. The company has a current ratio of 15.45, a quick ratio of 20.03 and a debt-to-equity ratio of 0.37.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 62 price target on shares of Empire Metals in a report on Thursday, June 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 62.

Read Our Latest Stock Report on EEE

About Empire Metals

(Get Free Report)

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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