Versamet Royalties Corporation
VMET
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Versamet Royalties Corporation operates in the precious metals and mining sector, which can benefit from rising commodity prices and increased demand for precious metals.
- In Q2 2026, Versamet reported a revenue of $23.733 million, with an operating margin of 45.9%, indicating strong operational efficiency.
- The company achieved a net income of $4.898 million in Q2 2026, reflecting a significant improvement in profitability.
- Versamet has a high debt-to-equity ratio of 95.045, which may pose risks in a volatile market environment.
- The company's free cash flow is negative at -$122.4 million, indicating potential liquidity issues.
- Versamet's stock has a 'Strong Sell' signal with a score of -24.00, suggesting bearish market sentiment.
Fundamentals
| Market cap | $933.76M | Enterprise value | $1.30B | Trailing P/E | 24.51 | Forward P/E | — |
| PEG | — | Price / book | 2.37 | Beta | — | Dividend yield | 0.00% |
| Revenue growth | 3.9% | Earnings growth | 2123.5% | Gross margin | 72.8% | Operating margin | 58.0% |
| Profit margin | 49.9% | ROE | 12.2% | ROA | 7.8% | Debt / equity | 0.95 |
| Current ratio | 0.71 | Free cash flow | -$122.40M | Analyst recommendation | none | Mean target | — |
| 52w high | $15.00 | 52w low | $8.26 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $23.7M | $24.0M | $18.4M | $8.1M | $4.8M | — |
| Op margin | 45.9% | 43.5% | 34.9% | 15.1% | -13.8% | — |
| Net income | $4.9M | $13.8M | $15.1M | $3.3M | $0.2M | — |
| Gross margin | 59.0% | 58.5% | 53.7% | 33.6% | 14.0% | — |
| Gross profit | $14.0M | $14.0M | $9.9M | $2.7M | $0.7M | — |
| Operating income | $10.9M | $10.4M | $6.4M | $1.2M | -$0.7M | — |
- Revenue -1% vs prior quarter ($24M vs $24M).
- Gross margin 59% (was 58.5% prior quarter).
- Operating margin expanded to 45.9%.
Yearly (6y)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $34.8M | $12.0M | $3.1M |
| Op margin | 16.8% | -36.0% | -82.9% |
| Net income | $20.3M | -$2.4M | -$3.1M |
| Gross margin | 38.8% | 9.9% | 26.8% |
| Gross profit | $13.5M | $1.2M | $0.8M |
| Operating income | $5.8M | -$4.3M | -$2.6M |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · TD Cowen Initiates Versamet Royalties at Buy With CA$21 Price Target
2026-09-25 · Versamet Royalties (TSX:VMET) Pullback Puts Its Pricey P E And DCF Gap In Focus
2026-09-24 · Versamet Royalties (TSX:VMET) Stock Looks Fully Valued After Index Inclusion
2026-09-16 · Versamet Royalties to be Added to the MVIS Global Junior Gold Miners Index; Publishes 2026 Asset Handbook
2026-09-16 · Versamet Royalties Announces Inclusion in the GDXJ and Publication of 2026 Asset Handbook
2026-08-13 · Versamet Says Its Second-Quarter Profit and Revenue Rise
2026-08-13 · Versamet Royalties Reports Record Gold Equivalent Ounces for Q2 2026
Price (daily)
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