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

Versamet Royalties (NASDAQ:VMET) released its earnings results 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. The business had revenue of $23.73 million during the quarter. Versamet Royalties had a net margin of 49.92% and a return on equity of 16.37%.

Versamet Royalties Price Performance

Shares of NASDAQ VMET remained flat at $10.13 during mid-day trading on Friday. The stock had a trading volume of 237,319 shares, compared to its average volume of 199,975. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.60. Versamet Royalties has a one year low of $5.40 and a one year high of $15.58. The stock has a market capitalization of $1.10 billion and a price-to-earnings ratio of 28.14. The company has a 50-day moving average price of $10.50.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VMET. Wall Street Zen raised Versamet Royalties to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings restated a “sell (e)” rating on shares of Versamet Royalties in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About Versamet Royalties

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.