Versamet Royalties Corporation (VMET) AI Stock Analysis

Versamet Royalties Corporation operates as a metals royalty and streaming company. It focuses on acquiring and managing royalties, streams, and similar interests across metals and mining operations in Peru, the United States, Africa, and Canada. The company explores for a range of commodities, including silver, gold, copper, graphite, lead, uranium, zinc, and molybdenum. Formerly known as Sandbox Royalties Corp., the company changed its name to Versamet Royalties Corporation in June 2024. Incorporated in 2011, it is headquartered in Vancouver, Canada.

Annual revenue grew from $3.1M in FY2023 to $12.0M in FY2024 and reached $34.8M in FY2025, representing a 2-year revenue compound annual growth rate of 232.7%. Gross margin expanded to 38.8% in FY2025 from 9.9% in FY2024, and operating margin turned positive to 16.8% from -36.0%. The company posted net income of $20.3M in FY2025, compared to net losses of -$2.4M in FY2024 and -$3.1M in FY2023. Over the trailing twelve months, revenue totaled $74.2M with an operating margin of 58.0% and EPS of $0.33. In the quarter ended June 30, 2026, quarterly revenue grew 391.9% year-over-year while quarterly earnings increased 2123.5%.

As of June 30, 2026, Versamet Royalties held $26.0M in cash and short-term investments alongside total debt of $374.6M, resulting in net debt of $348.5M. Total assets stood at $787.3M against shareholders' equity of $394.1M, yielding a debt-to-equity ratio of 0.95 and a current ratio of 0.71. For FY2025, the company generated $16.9M in operating cash flow and $16.9M in free cash flow, while spending $146,000 on research and development.

Versamet Royalties closed at $8.46 on October 16, 2026, within its 52-week range of $7.87 to $15.00, giving it a market capitalization of $920.7M and an enterprise value of $1.37B. The stock trades at a trailing price-to-earnings multiple of 25.6x and a forward multiple of 33.3x, compared to the median of its US-listed Basic Materials peers at 19.7x trailing and 13.4x forward. Its price-to-sales multiple of 12.4x and EV-to-EBITDA multiple of 17.6x also sit above the peer medians of 1.8x and 10.5x, respectively.

Analysts project full-year revenue of $90.4M for the fiscal year ending December 31, 2026. For the next fiscal year, analysts project revenue of $121.6M, representing estimated revenue growth of 34.5%. The company's next earnings report is scheduled for November 11, 2026.

This page is an AI-written research summary of Versamet Royalties Corporation (VMET). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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