Empire Metals (LON:EEE) Price Target Raised to GBX 70

Empire Metals (LON:EEE – Free Report) had its price objective upped by Canaccord Genuity Group from GBX 62 to GBX 70 in a research report released on Friday,Digital Look reports. Canaccord Genuity Group currently has a speculative buy rating on the stock.

Empire Metals Stock Down 5.3%

Shares of LON EEE opened at GBX 30.10 on Friday. Empire Metals has a 52-week low of GBX 25.63 and a 52-week high of GBX 53. The stock has a market cap of £222.01 million, a P/E ratio of -57.66 and a beta of 2.17. The firm has a 50 day moving average price of GBX 38.14 and a 200 day moving average price of GBX 37.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 20.03 and a current ratio of 37.87.

Empire Metals (LON:EEE – Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported GBX (0.26) earnings per share for the quarter.

About Empire Metals

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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.

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