Versamet Royalties Corporation VMET
- Market cap
- $993.6M
- P/E
- 23.5×
Follow VMET
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
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Analyst estimates 2026–2028 Powerpack |
Low Price | ||
| — | — | — | — | — | — | — | — | — | — | High Price | |||
| — | — | — | — | — | — | — | — | 8 | — |
Employees
|
|||
| — | — | — | — | — | — | — | — | 2 | 0 |
Revenue/Emp
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|||
| — | — | — | — | — | — | — | — | 12 | 35 |
Revenue
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|||
| — | — | — | — | — | — | — | — | 9.92% | 38.77% |
Gross Margin
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|||
| — | — | — | — | — | — | — | — | (1) | 30 |
EBT
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|||
| — | — | — | — | — | — | — | — | (7.27%) | 85.16% |
EBT Margin
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| — | — | — | — | — | — | — | — | (2) | 20 |
Net Income
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|||
| — | — | — | — | — | — | — | — | 1 | 6 |
Depreciation
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|||
| — | — | — | — | — | — | — | — | 0.16 | 0.37 |
Revenue/Sh
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|||
| — | — | — | — | — | — | — | — | (0.03) | 0.22 |
Earnings/Sh
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|||
| — | — | — | — | — | — | — | — | 0.10 | 0.18 |
Cash Flow/Sh
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|||
| — | — | — | — | — | — | — | — | 0.00 | 0.00 |
Capex/Sh
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| — | — | — | — | — | — | — | — | 0.10 | 0.18 |
Free CF/Sh
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|||
| — | — | — | — | — | — | — | — | 2.77 | 2.52 |
Book Value/Sh
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|||
| — | — | — | — | — | — | — | — | 76 | 93 |
Shares
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|||
| — | — | — | — | — | — | — | — | 45.09 | 45.09 |
PE Ratio
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|||
| — | — | — | — | — | — | — | — | 26.61 | 26.61 |
PS Ratio
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|||
| — | — | — | — | — | — | — | — | 3.95 | 3.95 |
PB Ratio
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|||
| — | — | — | — | — | — | — | — | 31.42 | 31.42 |
EV/Sales
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|||
| — | — | — | — | — | — | — | — | 64.46 | 64.46 |
EV/FCF
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|||
| — | — | — | — | — | — | — | — | 7 | 17 |
Op' Cash Flow
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| — | — | — | — | — | — | — | — | — | — | Capex | |||
| — | — | — | — | — | — | — | — | 7 | 17 |
FCF
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|||
| — | — | — | — | — | — | — | — | (7) | (9) |
Working Cap'
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|||
| — | — | — | — | — | — | — | — | 13 | 171 |
Total Debt
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|||
| — | — | — | — | — | — | — | — | 12 | 167 |
Net Debt
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|||
| — | — | — | — | — | — | — | — | 211 | 234 |
Sh' Equity
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|||
| — | — | — | — | — | — | — | — | 0.00% | 6.27% |
ROA
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|||
| — | — | — | — | — | — | — | — | 0.39% | 6.04% |
ROIC
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| — | — | — | — | — | — | — | — | 0.00% | 9.13% |
ROE
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Versamet Royalties Corporation (VMET) key facts
- Versamet Royalties Corporation’s revenue for fiscal 2025 (year ended December 2025) was $34.8 million, up 189.1% from fiscal 2024.
- Net income was $20.3 million, or $0.22 per share (basic), a net margin of 58.5%.
- As of September 25, 2026, VMET traded at $9.15, a market capitalization of $993.6 million.
- At that price the stock trades at 23.5× trailing-twelve-month earnings and 13.3× sales.
- Return on equity was 9.13% and debt-to-equity 0.95.
Versamet Royalties Corporation (VMET) Latest News
25 Sep
Versamet Royalties (TSX: VMET) rebranded from Sandbox Royalties in June 2024. The stock has pulled back recently: 30-day return −13.35%, 90-day −25.53%, while 12-month total return remains a healthy +42.29% at a CA$12.92 share price. Valuation metrics show a stretched P/E of 26.9x, above peers (24.5x) and the Canadian Metals & Mining industry average (16.6x), reflecting expectations for future cash flows from existing streaming and potential new deals rather than current profits, as profitability only recently materialized. Conversely, a SWS discounted cash flow framework implies a fair value of about CA$48.44, suggesting the market may be underpricing long-term cash flow potential. The mixed signals imply upside if deal flow meets forecasts but downside risk if cash-flow assumptions falter or sentiment shifts. DCF fair value far above current price suggests meaningful upside potential, but elevated P/E and execution risk temper the outlook.
24 Sep
Versamet Royalties has surged about 43% over the last year as investors weigh sustainability of the rally. Inclusion in the MVIS Global Junior Gold Miners Index and the release of a 2026 Asset Handbook could lift expectations for future royalty income and earnings stability. Analysts have published numbers supporting a higher price, but the stock trades at roughly a 27.1x P/E, above the Metals & Mining industry average of 16.6x and peers near 24.5x, implying a premium is being priced in. The key question is whether Versamet’s cash flows from its royalty portfolio justify the premium or if optimism around index inclusion has outrun fundamentals. The piece also discusses narrative-based fair value tracking and governance/pay-alignment considerations as factors to monitor against actual results. Index inclusion and the 2026 Asset Handbook could lift visibility and investor expectations, potentially affecting valuation without guaranteeing earnings growth.
16 Sep
Versamet Royalties Corporation gains inclusion in the GDXJ index and releases its 2026 Asset Handbook. GDXJ inclusion may increase visibility and passive fund flows while the asset handbook provides added investor information.
13 Aug
Versamet Royalties Corporation reported record gold equivalent ounces for Q2 2026. Record quarterly ounces indicate stronger royalty revenue and improved market valuation for Versamet Royalties.
Versamet Royalties Corporation reported higher second-quarter profit and revenue. Quarterly profit and revenue growth typically produces moderate effects on valuation and sentiment.
9 Jul
Equinox Gold sold its Versamet Royalties stake for C$130M. Equinox Gold exit as major shareholder shifts VMET ownership structure and market positioning.
14 May
Versamet Royalties Corporation reported record operating and financial results for Q1 2026. Record quarterly results indicate strong performance likely to boost future growth and investor sentiment.
13 Apr
Versamet Royalties Corporation completes acquisition of Eskay Creek gold stream. Eskay Creek gold stream acquisition strengthens Versamet's portfolio and revenue potential substantially.
10 Apr
Versamet Royalties completed acquisition of Cornerstone Canadian Gold Stream on Eskay Creek. Completed gold stream acquisition expands Versamet portfolio with major Canadian asset and boosts future revenue.
7 Apr
Versamet gold stream agreement modifies Skeena Eskay Creek project funding structure and cash flow projections. Gold stream deal directly alters Versamet revenue streams and project economics.
Versamet Royalties Corporation acquires 3.52% gold stream at Eskay Creek project. Acquisition adds new gold stream asset that expands VMET core royalty revenue base.
6 Apr
Versamet Royalties acquires cornerstone Canadian gold stream on Eskay Creek. Acquisition adds major gold stream asset that strengthens Versamet revenue base and strategic position.
Versamet Royalties agrees to buy gold stream on Eskay Creek Project involving Skeena, with stock rising 0.6% in US premarket. Gold stream acquisition expands core royalty holdings with moderate revenue and sentiment effects.
12 Mar
Versamet Royalties Corporation posted record revenue, cash flow and earnings for Q4 2025 and full year 2025. Record revenue, cash flow and earnings strengthen financial position and market valuation outlook.