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VMET

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Versamet Royalties Corporation

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Key Metrics

Previous Close
$10.61
52-Week Range
$8.48 – $15.00
Market Cap
$1.17B
P/E (TTM)
29.75
EPS (TTM)
0.36
Dividend Yield
Advanced Metrics
Price/Book
3.09
PEG Ratio
Return on Equity
12.17%
Return on Assets
7.84%
Gross Margin
72.84%
Operating Margin
58.04%
Profit Margin
49.92%
Current Ratio
0.71
Debt/Equity
0.95
Total Debt
$375.00M
Free Cash Flow
$-122.40M
Revenue Growth
391.90%
Earnings Growth
2123.50%
Enterprise Value
$1.53B

Market Snapshot

About

Versamet Royalties Corporation (VMET) is a metals royalty and streaming company. It is based in Vancouver, Canada, and was incorporated in 2011. The company was formerly known as Sandbox Royalties Corp. and adopted the Versamet name in June 2024. It is known for holding financial interests in mining operations rather than operating mines itself.

The company's business is acquiring and managing royalties, streams, and other similar interests tied to metals and mining operations and projects. Under this model, the company provides capital or holds existing interests and in return receives a portion of the metal produced or a share of revenue from the underlying operations. This gives Versamet exposure to mining output without taking on the full cost and operational burden of running a mine.

Versamet's interests cover a range of metals. Through the projects it is tied to, the company has exposure to silver, gold, copper, graphite, lead, uranium, zinc, and molybdenum. This spread across multiple metals means its results are linked to several commodity markets rather than a single one.

The company's interests are spread across several regions, including Peru, the United States, Africa, and Canada. By holding royalties and streams in different countries and on different metals, Versamet aims to build a diversified portfolio of mining-related interests. Its revenue depends on production and activity at the operations and projects underlying those interests, as well as on the prices of the metals involved. As a royalty and streaming company, Versamet Royalties Corporation focuses on acquiring and managing these interests over time.