Versamet Royalties (NASDAQ:VMET) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Wall Street Zen upgraded Versamet Royalties (NASDAQ:VMET) to a "hold" rating in a report issued Saturday.
• Analyst views are mixed—BMO gave a strong-buy, Zacks and Wall Street Zen a hold, and Weiss initiated a sell, leaving a MarketBeat consensus of Hold.
• Shares rose about 2.4%, opened at $11.42, have a 1‑year range of $5.40–$15.58, a market cap of roughly $1.23 billion, and a P/E of 60.11.

Versamet Royalties (NASDAQ:VMET - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other analysts have also issued reports on VMET. Zacks Research upgraded Versamet Royalties to a "hold" rating in a report on Tuesday, April 7th. BMO Capital Markets upgraded Versamet Royalties to a "strong-buy" rating in a report on Monday, April 6th. Finally, Weiss Ratings initiated coverage on Versamet Royalties in a report on Tuesday, April 7th. They set a "sell (e)" rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold".

Versamet Royalties Stock Up 2.4%

Shares of NASDAQ:VMET opened at $11.42 on Friday. Versamet Royalties has a 1 year low of $5.40 and a 1 year high of $15.58. The firm has a market cap of $1.23 billion and a P/E ratio of 60.11.

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