VMET
Versamet Royalties Corporation Common StockFinancial Services·Asset Management
$13.53
$689M market cap
Revenue
$42.0M
Free Cash Flow
$19.6M
Rev Growth
+0.0%
FCF Margin
46.8%
P/FCF
35.1x
EV/FCF
36.4x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Versamet Royalties Corp. engages in the business of acquiring and managing royalties, streams, and other similar interests on metals and mining operations and projects globally. It focuses on precious metals, copper, and other diversified metals. Its portfolio includes the Kolpa, Kiaka, and Greenstone projects. The company was founded on January 31, 2022 and is headquartered in Vancouver, Canada.
2-Year Price History
$11.89+12.7%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 23.6 | 14.2 | 10.3 | 13.6 | 13.1 | 13.1 | -0.0 | 18.5 | 45.2 | 48.6 | 10.6% | 6.8x | -- |
| Act | 2025-Q4 | 18.4 | 28.7 | 6.4 | 15.1 | 6.6 | 6.6 | -0.0 | 3.7 | 141.0 | 36.4 | 7.7% | 7.9x | -- |
Valuation & Metrics
Market Stats
Price$13.53
Market Cap$689M
Enterprise Value$716M
P/S Ratio16.4x
P/FCF35.1x
EV/FCF36.4x
FCF Margin (TTM)46.8%
FCF Yield2.9%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$42.0M
Net Income$28.6M
Free Cash Flow$19.6M
Revenue Growth (YoY)+0.0%
EBITDA Margin102.3%
Net Margin68.2%
FCF Margin46.8%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC9.1%
WC Change % Rev-7.9%
Interest Coverage7.5x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.2M
Days to Cover1.0
Change (vs Prior)+195.2%
Need at least 2 settlement dates for chart
Employees
Headcount6
Revenue / Employee$7,000,000
Gross Profit / Employee$3,949,272
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
5.0%
29 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%
1 filers
Vanguard, iShares, SPDR
Market makers
0.1%
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
Not enough quarterly ownership history to chart yet.
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Merk Investments LLC | $13.3M | $9.51 | +$13.3M | +$13.3M | — | $368M |
| MILLENNIUM MANAGEMENT LLC | $3.5M | $9.51 | +$3.5M | +$3.5M | — | $127.40B |
| U S GLOBAL INVESTORS INC | $2.2M | $9.51 | +$2.4M | +$2.2M | — | $858M |
| SPROTT INC. | $2.1M | $9.51 | +$2.1M | +$2.1M | — | $3.29B |
| K2 PRINCIPAL FUND, L.P. | $1.6M | $9.51 | +$1.2M | +$1.6M | — | $634M |
| GOLDMAN SACHS GROUP INC | $1.1M | $9.51 | +$1.1M | +$1.1M | — | $760.93B |
| MMCAP International Inc. SPC | $884K | $9.51 | +$885K | +$884K | — | $1.16B |
| Purpose Unlimited Inc. | $664K | $9.51 | +$666K | +$664K | — | $2.22B |
| Knoll Capital Management, LLC | $634K | $9.51 | +$634K | +$634K | — | $180M |
| BANK OF AMERICA CORP /DE/ | $624K | $9.51 | +$624K | +$624K | — | $1.36T |
| TORONTO DOMINION BANK | $519K | $9.51 | +$520K | +$519K | — | $51.72B |
| Anson Funds Management LP | $499K | $9.51 | +$500K | +$499K | — | $758M |
| MORGAN STANLEY | $457K | $9.51 | +$457K | +$457K | — | $1.65T |
| JANE STREET GROUP, LLCMM | $416K | $9.51 | +$417K | +$416K | — | $92.10B |
| Cambridge Investment Research Advisors, Inc. | $378K | $9.51 | +$380K | +$378K | — | $38.49B |
| GLOBAL STRATEGIC MANAGEMENT INC | $316K | $9.51 | +$319K | +$316K | — | $120M |
| K.J. Harrison & Partners Inc | $284K | $9.51 | +$285K | +$284K | — | $608M |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $262K | $9.51 | +$262K | +$262K | — | $1.61T |
| TWO SIGMA INVESTMENTS, LP | $162K | $9.51 | +$162K | +$162K | — | $117.03B |
| Brevan Howard Capital Management LP | $158K | $9.51 | +$158K | +$158K | — | $9.34B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
+2.10%
avg per quarter
Holders (ex-self)
—
excl. this stock
Buyers (this Q)
+2.10%
31 buyers · $0.03B in
Sellers (this Q)
+0.00%
0 sellers · $0.00B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
+0.1%
how holders react when this stock falls
On quiet Qs
-4.9%
−10% to +10% baseline
On rallies (+10%+)
-6.2%
how they react when this stock rises
Holders' portfolio flow this Q
+0.9%
inflows — adds are organic
Sellers' portfolio flow this Q
+0.0%
Sellers' overall flow ~ flat.
New buyers this quarter
Merk Investments LLC+$0.01BMILLENNIUM MANAGEMENT LLC+$0.00BU S GLOBAL INVESTORS INC+$0.00BSPROTT INC.+$0.00BK2 PRINCIPAL FUND, L.P.+$0.00BGOLDMAN SACHS GROUP INC+$0.00BMMCAP International Inc. SPC+$0.00BPurpose Unlimited Inc.+$0.00BKnoll Capital Management, LLC+$0.00BBANK OF AMERICA CORP /DE/+$0.00B
Top-5 holders · 75.1%
Merk Investments LLC--
MILLENNIUM MANAGEMENT LLC--
U S GLOBAL INVESTORS INC--
SPROTT INC.--
K2 PRINCIPAL FUND, L.P.--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
Not enough holder history to plot.
Corporate
Order Flow (FINRA, ~3w lag)
36.3%retail
11.4%dark
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.