Versamet Royalties (NASDAQ:VMET) Research Coverage Started at TD Securities

TD Securities initiated coverage on shares of Versamet Royalties (NASDAQ:VMET) in a research note issued to investors on Thursday morning, Marketbeat reports. The firm issued a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. Wall Street Zen cut Versamet Royalties from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. Weiss Ratings raised Versamet Royalties from a “sell (e)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Versamet Royalties Trading Up 2.2%

Shares of VMET stock opened at $8.77 on Thursday. The stock has a market cap of $954.44 million and a PE ratio of 24.36. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.82. The company’s 50 day simple moving average is $9.70. Versamet Royalties has a 12 month low of $6.94 and a 12 month high of $15.58.

Versamet Royalties (NASDAQ:VMET) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Versamet Royalties had a return on equity of 12.22% and a net margin of 49.92%. The business had revenue of $23.73 million during the quarter. On average, equities analysts predict that Versamet Royalties will post 0.18 EPS for the current year.

Institutional Trading of Versamet Royalties

Several institutional investors and hedge funds have recently bought and sold shares of the company. Knoll Capital Management LLC bought a new position in Versamet Royalties in the 2nd quarter valued at $821,000. Sequoia Financial Advisors LLC purchased a new position in shares of Versamet Royalties during the 2nd quarter valued at $338,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Versamet Royalties in the second quarter worth $104,000.

About Versamet Royalties

Versamet Royalties Corporation is a mineral royalty and streaming company focused on acquiring and managing interests in precious- and base-metal mining assets. Rather than operating mines directly, the company provides capital or other financing to mining companies in exchange for rights to receive a portion of future production, revenue or mineral sales.

Its portfolio is designed to provide exposure to a range of commodities and mining projects across various stages of development, including producing, development-stage and exploration assets.