Versamet Royalties Corp is a US-listed company in the diversified metals & mining industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$5.4
Price-to-earnings vs peers
Base case. Range ~$4.4–$11. Earnings per share times peers' typical (harmonic-mean) price-to-earnings.
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Versamet Royalties Corp valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Funds37 adding, 15 cuttingOf 7 active managers that changed their stake, 4 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Current signal Operating margin expanding: TTM operating margin reached 111.5%, up 100.1pp year over year.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Fast growth. Revenue grew 189.1% over the last 12 months.
- High operating margin. 111.5% of revenue is left as operating profit.
- Margins widening. Operating margin is up 100.1 points on a year ago.
- Net cash. Cash exceeds long-term debt by $0.0bn.
Things to watch
- Share dilution. Diluted shares rose 25.3% in a year.
Price chart
- 1 day+2.9%
- 1 week+0.1%
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Third-party market data · may be delayed
At a glance
Profitability
- Revenue (TTM)
- $34.8M
- Operating margin
- 111.5%
- Net margin
- 58.5%
- EPS (TTM, diluted)
- $0.21
Growth
- Revenue growth
- +189.1%
- Share count change
- +25.3%
Cash
- Stock pay % of revenue
- 4.8%
News & updates
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for VMET from the sources we follow. See filings →
Valuation models
We value Versamet Royalties Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.33 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$5.4 ~$4.4–$11 | Primary model, counts double |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$0.9 ~$0.6–$1.3 | Left out: out of range vs price (0.10x) |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$0.3 ~$0.2–$0.3 | Left out: out of range vs price (0.03x) |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | — | Does not apply: earnings are positive: price-to-earnings is the better measure |
| Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$5.4 ~$4.4–$11 | 1 model |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Versamet Royalties Corp with Diversified Metals & Mining in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
Forecasts and guidance
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | — | — | $89m | +155% |
| Next | — | — | $122m | +37% |
Positioning
- Short interest
- 1.8% of tradable shares
- Days to cover
- 3.35 at average volume
- Short interest, 1 month
- +61% to October 15, 2026
- Held by institutions
- 11% of shares
- Held by insiders
- 59.8% of shares
Share-price performance
Market data may be delayedPrice behaviour
- 52-week range
- Not enough history
- From 52-week high
- —
- vs 50-day average
- —
- vs 200-day average
- —
- Volatility (1 year)
- —
- Beta vs S&P 500
- —
Fundamentals
Financial statements
| Fiscal year | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|
| Income | ||
| Revenue | 12 | 35 |
| Gross profit | 1 | 13 |
| Operating income | 1 | 39 |
| Net income | −2 | 20 |
| Diluted EPS | −$0.03 | $0.21 |
| Growth (year on year) | ||
| Revenue | — | +189.1% |
| Operating income | — | +>999% |
| Margins | ||
| Gross margin | 9.9% | 38.8% |
| Operating margin | 11.5% | 111.5% |
| Net margin | −20.4% | 58.5% |
| Cash flow | ||
| Cash from operations | 7 | 17 |
| Stock-based pay | 3 | 2 |
| Balance sheet | ||
| Cash | 1 | 4 |
| Total debt | 0 | 0 |
| Net debt (negative = net cash) | −1 | −4 |
| Diluted shares | 76m | 96m |
Financial health
- Short-term assets cover short-term liabilities $24m of assets due within a year against $33m of liabilities due within a year.
- Short-term assets cover long-term liabilities $24m short-term assets against $151m of longer-dated liabilities.
- More cash than debt Cash or debt not separately reported. Not assessable.
- Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
- Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
- A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
- Operating profit covers interest at least five times over Interest not separately reported. Not assessable.
Dividends, buybacks and capital spending
- Diluted share count
- +25.3%
- year over year
Competitors: side by side with peers
| Last 12 months unless stated | VMET | UAMY | ABAT | MTA | UUUU | LGO | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $35m | $36m | $22m | $12m | $106m | $110m | $114m |
| Revenue growth, last 12 months | 189.1% | 41.6% | 406.8% | 99.6% | 62.5% | −12.0% | 16.2% |
| Revenue growth, 3-year average | — | 63.4% | — | — | 52.9% | — | 13.4% |
| Revenue growth, latest quarter | — | −24.7% | 196.6% | — | 496.1% | — | 7.2% |
| Gross margin | 38.8% | 17.4% | −14.2% | 80.9% | 40.9% | 52.2% | 25.8% |
| Operating margin | 111.5% | −64.0% | −343.6% | −0.5% | −91.0% | — | −0.5% |
| Operating margin, 3-year average | — | −45.8% | — | — | −98.6% | — | −23.9% |
| Net margin | 58.5% | −44.6% | −337.5% | −36.1% | −77.3% | −62.3% | −28.0% |
| Cash from operations / revenue | 48.7% | −77.0% | −111.4% | 37.5% | −59.1% | −9.3% | −6.3% |
| Free-cash-flow margin | — | −195.6% | −167.3% | — | −78.0% | −34.3% | −48.3% |
| Free-cash-flow margin, 3-year average | — | −80.4% | — | — | −105.2% | — | −37.2% |
| Stock pay / revenue | 4.8% | 38.4% | 213.8% | — | 13.5% | 2.1% | 10.2% |
| Change in share count | 25.3% | 15.2% | 58.8% | 1.1% | 22.3% | 5.8% | 11.8% |
Who owns it
Funds buying and selling- Reported value
- $66.8M
- Institutions reporting
- 51
- Shares held vs prior quarter
- ▲ 71.7%
- Positions opened / closed
- 28 / 9
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Merk Investments LLC | $17.2M | 1.4M | 25.7% | 0.0% |
| Orion Resource Partners LP | $12.6M | 1.0M | 18.9% | New |
| Blackstone Inc. | $12.6M | 1.0M | 18.9% | — |
| Sprott Inc. | $4.9M | 402K | 7.4% | ▲ 84.6% |
| Quadrature Capital Ltd | $2.8M | 229K | 4.2% | New |
| U S Global Investors Inc | $2.1M | 250K | 3.2% | 0.0% |
| Goldman Sachs Group Inc | $1.7M | 137K | 2.5% | ▲ 19.3% |
| Morgan Stanley | $1.6M | 133K | 2.5% | ▲ 177.8% |
| Lazard Asset Management LLC | $856,867 | 70K | 1.3% | New |
| Knoll Capital Management, LLC | $820,668 | 67K | 1.2% | 0.0% |
| 1832 Asset Management L.P. | $799,500 | 65K | 1.2% | New |
| Swiss National Bank | $731,945 | 60K | 1.1% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Versamet Royalties Corp's complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chartFrom insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Versamet Royalties Corp in brief
- What does Versamet Royalties Corp do?
- Versamet Royalties Corp is a US-listed company in the diversified metals & mining industry. Its financial year ends in December.
- What is Versamet Royalties Corp's stock ticker?
- Versamet Royalties Corp trades under the ticker VMET on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- What is Versamet Royalties Corp's revenue, and how fast is it growing?
- Over its most recent trailing twelve months, Versamet Royalties Corp reported revenue of $34.8M, 189.1% higher than a year earlier, according to its SEC filings.
- Who are Versamet Royalties Corp's largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Merk Investments LLC, Orion Resource Partners LP and Blackstone Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Who are Versamet Royalties Corp's competitors?
- In our Diversified Metals & Mining peer group, the companies closest to Versamet Royalties Corp are United States Antimony Corp, American Battery Technology Co, Metalla Royalty & Streaming Ltd., Energy Fuels Inc and Largo Inc. The side-by-side comparison below sets their revenue, margins and growth against Versamet Royalties Corp's.
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