VMET
Versamet Royalties Corporation
NasdaqCMUSDEQUITY
DELAYED
Last price
10.75
▲ 0.25 (2.38%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
10.74
Prev close
10.50
Day high
10.80
Day low
10.45
Volume
283.91K
Market cap
—
P/E (TTM)
—
52W range
8.48 – 15.00
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
+4.74%
+6.1%
1M
+14.95%
+11.2%
3M
-10.54%
-13.6%
6M
—
-11.1%
YTD
+6.42%
-5.9%
1Y
—
-20.0%
3Y
—
-74.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap—
Enterprise value—
Revenue (TTM)—
Gross profit—
EBITDA—
Net income—
EPS (TTM)—
Free cash flow—
Total cash—
Total debt—
Book value / share—
Shares outstanding—
Float—
Short % of float—
Dividend yield—
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book—
EV / revenue—
EV / EBITDA—
Gross margin—
Operating margin—
Profit margin—
Return on equity—
Return on assets—
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|
| Total revenue | $34.76M | $12.03M | $3.14M | +189.1% |
| Operating revenue | $34.76M | $12.03M | $3.14M | +189.1% |
| Cost of revenue | $21.28M | $10.83M | $2.30M | +96.5% |
| Gross profit | $13.48M | $1.19M | $842.47K | +1,029.8% |
| Research & development | $146.00K | $49.00K | — | +198.0% |
| Selling, general & admin | $7.49M | $5.48M | $3.41M | +36.8% |
| Total operating expense | $7.64M | $5.53M | $3.45M | +38.3% |
| Operating income | $5.84M | -$4.33M | -$2.60M | +234.7% |
| Net interest income | -$11.89M | -$3.43M | -$1.90M | -246.7% |
| Pre-tax income | $29.60M | -$874.00K | -$2.50M | +3,487.0% |
| Tax provision | $9.27M | $1.57M | $619.22K | +488.9% |
| Net income | $20.33M | -$2.45M | -$3.12M | +930.6% |
| Net income to common | $20.33M | -$2.45M | -$3.12M | +930.6% |
| Basic EPS | 0.22 | -0.03 | -0.03 | +934.3% |
| Diluted EPS | 0.21 | -0.03 | -0.03 | +896.4% |
| EBIT | $41.76M | $2.71M | -$494.34K | +1,444.0% |
| EBITDA | $47.94M | $3.55M | $406.20K | +1,251.2% |
| Basic shares | 92.77M | 92.84M | 92.84M | -0.1% |
| Diluted shares | 95.51M | 92.84M | 92.84M | +2.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $3.71M | $1.43M | $6.72M | $4.08M | +159.0% |
| Cash & short-term investments | $3.71M | $1.43M | $6.72M | $4.08M | +159.0% |
| Accounts receivable | $9.63M | $369.00K | $421.46K | $771.68K | +2,509.5% |
| Total current assets | $24.22M | $9.46M | $12.83M | $7.08M | +156.1% |
| Property, plant & equipment | $391.53M | $220.06M | $143.25M | $70.58M | +77.9% |
| Total assets | $418.01M | $230.25M | $157.74M | $79.21M | +81.5% |
| Total current liabilities | $32.88M | $16.85M | $16.48M | $8.94M | +95.1% |
| Current debt | — | $12.33M | $12.57M | $8.83M | — |
| Long-term debt | $141.00M | $608.00K | $27.09M | $6.31M | +23,090.8% |
| Total debt | $171.00M | $12.94M | $39.66M | $15.14M | +1,221.3% |
| Total liabilities | $184.05M | $18.92M | $43.97M | $15.47M | +872.7% |
| Retained earnings | $12.37M | -$7.97M | -$5.52M | -$2.40M | +255.2% |
| Shareholder equity | $233.96M | $211.33M | $113.77M | $63.74M | +10.7% |
| Working capital | -$8.66M | -$7.40M | -$3.65M | -$1.87M | -17.1% |
| Net tangible assets | $233.96M | $211.33M | $113.77M | $63.74M | +10.7% |
| Shares issued | 93.41M | 92.84M | 92.84M | 92.84M | +0.6% |
| Line item | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|
| Net income | $20.33M | -$2.45M | -$3.12M | +930.6% |
| Stock-based compensation | $1.67M | $2.56M | $1.62M | -34.7% |
| Change in working capital | -$7.74M | $857.00K | $21.88K | -1,003.2% |
| Operating cash flow | $16.95M | $7.40M | $621.27K | +129.1% |
| Investing cash flow | -$159.46M | $956.00K | -$60.31M | -16,779.6% |
| Dividends paid | $0 | $0 | $0 | — |
| Financing cash flow | $144.84M | -$13.49M | $62.19M | +1,173.5% |
| Free cash flow | $16.95M | $7.40M | $621.27K | +129.1% |
| End cash position | $3.71M | $1.43M | $6.72M | +159.0% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $23.97M | $18.36M | $8.12M | $4.83M | $3.45M | +30.5% |
| Operating revenue | $23.97M | $18.36M | $8.12M | $4.83M | $3.45M | +30.5% |
| Cost of revenue | $9.94M | $8.51M | $5.39M | $4.15M | $3.23M | +16.8% |
| Gross profit | $14.03M | $9.86M | $2.73M | $674.33K | $221.00K | +42.3% |
| Selling, general & admin | $3.60M | $3.39M | $1.49M | $1.27M | $1.36M | +6.0% |
| Total operating expense | $3.60M | $3.44M | $1.50M | $1.34M | $1.36M | +4.6% |
| Operating income | $10.43M | $6.42M | $1.23M | -$667.14K | -$1.14M | +62.6% |
| Net interest income | -$2.10M | -$3.48M | -$1.22M | -$6.58M | -$617.00K | +39.6% |
| Pre-tax income | $19.53M | $21.44M | $4.77M | $832.00K | $2.56M | -8.9% |
| Tax provision | $5.77M | $6.38M | $1.45M | $661.51K | $775.00K | -9.6% |
| Net income | $13.76M | $15.06M | $3.32M | $170.49K | $1.78M | -8.6% |
| Net income to common | $13.76M | $15.06M | $3.32M | $170.49K | $1.78M | -8.6% |
| Basic EPS | 0.14 | — | 0.04 | 0.00 | 0.02 | — |
| Diluted EPS | 0.13 | — | 0.03 | 0.00 | 0.02 | — |
| EBIT | $21.66M | $25.07M | $6.08M | $7.42M | $3.19M | -13.6% |
| EBITDA | $25.66M | $28.73M | $7.71M | $8.09M | $3.42M | -10.7% |
| Basic shares | 99.87M | — | 92.97M | 93.14M | 92.84M | — |
| Diluted shares | 103.53M | — | 95.74M | 94.85M | 92.84M | — |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $6.13M | $3.71M | $2.46M | $1.07M | $869.18K | — | +65.4% |
| Cash & short-term investments | $6.13M | $3.71M | $11.07M | $1.07M | $869.18K | — | +65.4% |
| Accounts receivable | $10.93M | $9.63M | $4.50M | $1.09M | $351.39K | — | +13.5% |
| Total current assets | $30.21M | $24.22M | $15.71M | $10.60M | $9.73M | — | +24.8% |
| Property, plant & equipment | $393.14M | $391.53M | $322.27M | $258.02M | $220.83M | — | +0.4% |
| Total assets | $425.81M | $418.01M | $400.45M | $269.83M | $231.69M | — | +1.9% |
| Total current liabilities | $895.00K | $32.88M | $23.54M | $151.09K | $15.99M | — | -97.3% |
| Current debt | — | — | — | — | $12.54M | $12.33M | — |
| Long-term debt | $45.00M | $141.00M | $154.50M | $53.00M | — | $608.00K | -68.1% |
| Total debt | $45.00M | $171.00M | $177.00M | $53.00M | $12.54M | — | -73.7% |
| Total liabilities | $60.09M | $184.05M | $182.03M | $55.80M | $18.11M | — | -67.4% |
| Retained earnings | $26.12M | $12.37M | -$2.69M | -$6.01M | -$6.18M | — | +111.3% |
| Shareholder equity | $365.72M | $233.96M | $218.42M | $214.03M | $213.58M | — | +56.3% |
| Working capital | $29.32M | -$8.66M | -$7.83M | $10.45M | -$6.25M | — | +438.5% |
| Net tangible assets | $365.72M | $233.96M | $218.42M | $214.03M | $213.58M | — | +56.3% |
| Shares issued | 105.65M | 93.41M | 93.37M | 93.37M | 92.84M | — | +13.1% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $13.76M | $15.06M | $3.32M | $170.49K | $1.78M | — | -8.6% |
| Stock-based compensation | $1.15M | $504.00K | $527.00K | $603.85K | $39.00K | — | +129.0% |
| Change in working capital | -$4.11M | -$4.20M | -$1.88M | -$898.38K | -$759.00K | — | +2.1% |
| Operating cash flow | $15.39M | $9.73M | $4.25M | $2.31M | $652.00K | — | +58.2% |
| Capital expenditure | — | — | -$125.16M | — | — | — | — |
| Investing cash flow | — | $790.00K | -$125.16M | -$35.09M | $0 | $95 | — |
| Dividends paid | $0 | $0 | $0 | $0 | $0 | — | — |
| Financing cash flow | -$12.91M | -$9.25M | $122.27M | $33.02M | -$1.21M | — | -39.6% |
| Free cash flow | $15.39M | $169.97M | -$120.90M | $2.31M | $652.00K | — | -90.9% |
| End cash position | $6.13M | $3.71M | $2.46M | $1.07M | $869.00K | — | +65.4% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
Consensus—
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders—
Held by institutions—
Institutions holding—
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
10.20
+5.37% from price
SMA 20
9.74
+8.89% from price
SMA 50
10.39
+2.16% from price
SMA 100
11.12
-3.34% from price
SMA 200
—
—
EMA 12
10.15
+5.88% from price
EMA 26
10.03
+7.18% from price
EMA 50
10.28
+4.60% from price
RSI (14)
58.8
Neutral
MACD (12,26,9)
0.12
Hist 0.16
ATR (14)
0.46
4.34% of price
Realised vol 30D
48.9%
Annualised
Bollinger upper
10.94
20, 2σ
Bollinger lower
8.54
20, 2σ
50 / 200 cross
—
—
Trend bias
—
—
Risk profile
Beta vs SPY
1.95
More volatile than market
Correlation to SPY
0.39
Loosely linked
Realised vol 30D
48.9%
Annualised
Market vol 1Y
14.3%
SPY, annualised
Max drawdown 1Y
-36.4%
Peak to trough
Max drawdown 5Y
-36.4%
Peak to trough
ATR 14
0.46
4.34% of price
Beta (reported)
—
5Y monthly, from filing
Headlines
Versamet Says Its Second-Quarter Profit and Revenue Rise
MT Newswires · 9d ago
Versamet Royalties Reports Record Gold Equivalent Ounces for Q2 2026
TMX Newsfile · 9d ago
Equinox Gold (EQX) Sells Versamet Royalties Stake for C$130M
Insider Monkey · 44d ago
TSX Down 20 Points at Midday, Materials Down 3.7%
MT Newswires · 46d ago
Equinox Sells Versamet Royalties Shares for $91.5 Million
MT Newswires · 47d ago
Equinox Gold Reduces Stake in Versamet Royalties
MT Newswires · 47d ago
Equinox Gold Announces Sale of Shares of Versamet Royalties
GlobeNewswire · 47d ago
Versamet Royalties Announces Results of Annual General and Special Meeting of Shareholders
TMX Newsfile · 54d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.