Versamet Royalties (NASDAQ:VMET) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Versamet Royalties (NASDAQ:VMET) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Versamet Royalties in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Versamet Royalties Price Performance

Shares of NASDAQ:VMET opened at $10.15 on Friday. Versamet Royalties has a 1 year low of $5.55 and a 1 year high of $15.58. The company has a market capitalization of $1.10 billion and a PE ratio of 28.20. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.71 and a quick ratio of 0.71. The company has a 50 day moving average price of $10.00.

Versamet Royalties (NASDAQ:VMET) last released its earnings results on Thursday, August 13th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $23.73 million for the quarter. Versamet Royalties had a return on equity of 12.22% and a net margin of 49.92%. As a group, analysts anticipate that Versamet Royalties will post 0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Versamet Royalties

An institutional investor recently bought a new stake in Versamet Royalties stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Versamet Royalties Corporation (NASDAQ:VMET) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,486 shares of the company’s stock, valued at approximately $104,000.

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.