Wall Street Zen Downgrades Versamet Royalties (NASDAQ:VMET) to Sell

Versamet Royalties (NASDAQ:VMET – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Versamet Royalties in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Versamet Royalties currently has an average rating of “Hold”.

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Versamet Royalties Stock Performance

Shares of VMET stock opened at $10.15 on Friday. Versamet Royalties has a 52-week low of $5.55 and a 52-week high of $15.58. The company has a market capitalization of $1.10 billion and a PE ratio of 28.20. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $10.04.

Versamet Royalties (NASDAQ:VMET – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $23.73 million for the quarter. Versamet Royalties had a net margin of 49.92% and a return on equity of 12.22%. As a group, sell-side analysts predict that Versamet Royalties will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Versamet Royalties stock. Public Employees Retirement System of Ohio purchased a new position in shares of Versamet Royalties Corporation (NASDAQ:VMET – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,486 shares of the company’s stock, valued at approximately $104,000.

Versamet Royalties Company Profile

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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.

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