Empire Metals (LON:EEE) Posts Quarterly Earnings Results

Empire Metals (LON:EEE) issued its quarterly earnings results on Monday. The company reported GBX (0.52) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Empire Metals Trading Up 6.8%

Shares of Empire Metals stock opened at GBX 29.90 on Tuesday. The company has a quick ratio of 20.03, a current ratio of 22.12 and a debt-to-equity ratio of 0.05. Empire Metals has a 12-month low of GBX 9.44 and a 12-month high of GBX 84. The company has a market capitalization of £212.56 million, a price-to-earnings ratio of -308.25 and a beta of 2.35. The firm’s 50-day moving average price is GBX 36.32 and its two-hundred day moving average price is GBX 40.15.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 62 price objective on shares of Empire Metals in a report on Friday, January 9th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 62.

About Empire Metals

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.