Versamet Royalties (NASDAQ:VMET) Releases Quarterly Earnings Results, Hits Estimates

Versamet Royalties (NASDAQ:VMET) issued its earnings results on Tuesday. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04, Zacks reports. Versamet Royalties had a return on equity of 12.22% and a net margin of 49.92%.

Versamet Royalties Stock Down 7.0%

NASDAQ:VMET traded down $0.66 during mid-day trading on Tuesday, hitting $8.72. The company had a trading volume of 291,620 shares, compared to its average volume of 205,732. The business has a fifty day simple moving average of $9.04 and a 200-day simple moving average of $10.43. The firm has a market capitalization of $949.00 million and a price-to-earnings ratio of 24.22. Versamet Royalties has a 1 year low of $7.60 and a 1 year high of $15.58. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.82.

Analyst Upgrades and Downgrades

Several research firms recently commented on VMET. TD Securities started coverage on shares of Versamet Royalties in a report on Thursday, October 8th. They issued a “buy” rating on the stock. Weiss Ratings downgraded shares of Versamet Royalties from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Finally, Wall Street Zen lowered shares of Versamet Royalties from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

About Versamet Royalties

Versamet Royalties is a mining royalty and streaming company. It provides financing to mine operators in exchange for rights to receive a portion of future production or revenue, giving it exposure to mining projects without operating the mines itself. The company’s portfolio includes interests tied to precious-metals production and development. Its business involves acquiring and managing royalties and streams across mining projects, with the value of those interests dependent on project development and operations.