Empire Metals’ (EEE) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Empire Metals (LON:EEE) in a research note published on Thursday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 62 price objective on the stock.

Empire Metals Stock Up 2.1%

LON:EEE opened at GBX 37.10 on Thursday. The company has a market cap of £273.63 million, a PE ratio of -71.07 and a beta of 2.17. Empire Metals has a one year low of GBX 25.63 and a one year high of GBX 82. The firm’s 50 day simple moving average is GBX 41.23 and its 200 day simple moving average is GBX 36.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 37.87 and a quick ratio of 20.03.

Empire Metals (LON:EEE) last announced its earnings results on Thursday, August 27th. The company reported GBX (0.26) EPS for the quarter.

Empire Metals Company Profile

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.