Emerald Resources NL (AU:EMR)
ASX:EMR
Top Page
Emerald Resources NL
(Sydney:EMR)
Select Model
Select Model
Rating:66Neutral
Price Target:
AU$6.00
▲(6.01% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily supported by strong financial performance (high revenue growth, strong margins, and a low-leverage balance sheet). Offsetting this is very weak technical positioning, with the price below all key moving averages and negative momentum indicators. Valuation is moderately supportive with a reasonable P/E, but no dividend yield data is available to add support.
Positive Factors
High margins and profitability
Sustained high gross and operating margins indicate structural cost advantages and efficient operations. These margins provide durable earnings power through cycles, supporting reinvestment in mines, covering sustaining capital, and giving buffer against lower realized gold prices over the next several quarters.
Negative Factors
Declining free cash flow growth
A 26.3% decline in free cash flow growth is a persistent operational concern if it continues. Reduced FCF growth limits the company’s ability to self-fund exploration, sustaining capital and improvements, and may force reliance on external financing or deferral of development projects, weakening long-term optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
High margins and profitability
Sustained high gross and operating margins indicate structural cost advantages and efficient operations. These margins provide durable earnings power through cycles, supporting reinvestment in mines, covering sustaining capital, and giving buffer against lower realized gold prices over the next several quarters.
Read all positive factors
Emerald Resources NL (EMR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$3.74B
Dividend YieldN/A
Average Volume (3M)1.84M
Price to Earnings (P/E)14.3
Beta (1Y)1.42
Revenue Growth17.59%
EPS Growth0.98%
CountryAU
Employees322
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.11
Shares Outstanding660,645,900
10 Day Avg. Volume2,556,209
30 Day Avg. Volume1,836,436
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)3.97
Price to Sales (P/S)5.93
P/FCF Ratio18.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$6.78Price Target Upside19.79% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)0.37
Revenue Forecast (FY)AU$641.01M
Emerald Resources NL Business Overview & Revenue Model
Company Description
Emerald Resources NL engages in the exploration and development of mineral reserves in Cambodia and Australia. The company's exploration tenements include a combination of 100% owned granted licenses, applications, and earn-in and joint venture ag...
How the Company Makes Money
EMR primarily makes money by producing and selling gold from its mining operations. Revenue is generated from gold sales (typically priced with reference to prevailing market gold prices) after the gold is produced and delivered into the market. T...
Emerald Resources NL Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 450.67M | 438.14M | 366.04M | 297.67M | 206.47M | 24.00K |
| Gross Profit | 241.36M | 252.37M | 161.50M | 115.02M | 94.95M | -1.77M |
| EBITDA | 226.69M | 200.48M | 179.39M | 137.76M | 110.90M | -16.56M |
| Net Income | 101.06M | 87.61M | 84.27M | 59.36M | 45.37M | -16.70M |
Balance Sheet | ||||||
| Total Assets | 890.41M | 756.12M | 712.42M | 495.23M | 442.80M | 250.11M |
| Cash, Cash Equivalents and Short-Term Investments | 299.35M | 201.39M | 144.60M | 71.47M | 43.24M | 22.96M |
| Total Debt | 48.30M | 21.93M | 48.77M | 79.91M | 94.20M | 93.37M |
| Total Liabilities | 163.04M | 100.68M | 154.45M | 171.25M | 193.68M | 145.04M |
| Stockholders Equity | 727.37M | 655.44M | 557.97M | 320.12M | 244.64M | 105.07M |
Cash Flow | ||||||
| Free Cash Flow | 135.47M | 136.96M | 114.69M | 55.64M | 15.04M | -102.05M |
| Operating Cash Flow | 179.96M | 154.67M | 120.58M | 64.25M | 62.48M | -9.52M |
| Investing Cash Flow | -54.69M | -26.12M | -10.09M | -15.06M | -26.78M | -92.49M |
| Financing Cash Flow | -19.71M | -77.50M | -74.83M | -24.71M | -17.98M | 282.00K |
Emerald Resources NL Technical Analysis
Positive
5.66
Price Trends
6.33
Negative
6.11
Negative
5.16
Positive
Market Momentum
-0.27
Negative
48.99
Neutral
84.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EMR, the sentiment is Positive. The current price of 5.66 is above the 20-day moving average (MA) of 5.51, below the 50-day MA of 6.33, and above the 200-day MA of 5.16, indicating a neutral trend. The MACD of -0.27 indicates Negative momentum. The RSI at 48.99 is Neutral, neither overbought nor oversold. The STOCH value of 84.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:EMR.
Emerald Resources NL Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$3.70B | 7.22 | 23.72% | ― | 23.87% | 92.57% | |
67 Neutral | AU$5.68B | 7.97 | 12.35% | 0.46% | 89.86% | -81.65% | |
66 Neutral | AU$3.74B | 14.26 | 14.62% | ― | 17.59% | 0.98% | |
66 Neutral | AU$6.98B | -160.00 | 9.94% | 1.92% | 36.34% | 110.55% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | AU$4.29B | -40.43 | 13.09% | ― | 130.98% | ― |
* Basic Materials Sector Average
AU:EMR
Emerald Resources NL
5.66
2.02
55.49%
AU:WAF
West African Resources Ltd
3.24
1.16
55.77%
AU:RMS
Ramelius Resources Limited
3.68
1.40
61.40%
AU:WGX
Westgold Resources
6.01
3.37
127.82%
AU:VAU
Vault Minerals Limited
4.12
1.52
58.71%
Emerald Resources NL Corporate Events
State Street Group Ceases to Be Substantial Holder in Emerald Resources NL
Mar 24, 2026
State Street Corporation, through several global asset management and trust subsidiaries, has lodged a notice that it has ceased to be a substantial holder in Emerald Resources NL as of 20 March 2026. The filing indicates that these related entiti...
Emerald Resources Seeks ASX Quotation for New Share Issue
Mar 18, 2026
Emerald Resources NL has applied for quotation on the ASX of 46,343 new ordinary fully paid shares, to be issued on 18 March 2026. The modest new issuance reflects routine capital management activity and will slightly increase the company’s ...
Emerald Resources issues new shares via employee option exercise
Mar 18, 2026
Emerald Resources has issued 46,343 fully paid ordinary shares to an employee following the exercise of 60,000 unlisted options priced at $1.37 and expiring in October 2027, using a cashless exercise facility under its Incentive Plan. The company ...
State Street Group Ceases to Be Substantial Holder in Emerald Resources NL
Mar 18, 2026
State Street Corporation and several of its asset management and trust subsidiaries, including State Street Global Advisors entities in Australia, Europe and the U.S., have lodged a notice that they have ceased to be a substantial holder in Emeral...
Emerald Resources maps path to multi‑mine 300Koz gold output
Mar 17, 2026
Emerald Resources NL used a conference presentation dated 16 March 2026 to outline its transition from a single-mine producer of more than 100,000 ounces of gold per year to a planned multi-mine operation exceeding 300,000 ounces annually. The upd...
State Street Entities Exit Substantial Holder Position in Emerald Resources
Mar 3, 2026
Emerald Resources NL has disclosed that State Street Corporation and several of its asset management and trust subsidiaries have ceased to be substantial holders in the company as of 27 February 2026. The notice lists multiple State Street entitie...
Emerald Resources Appoints New COO to Drive Multi-Mine Gold Growth
Feb 23, 2026
Emerald Resources NL has strengthened its senior leadership team with the appointment of Josh Redmond as Chief Operating Officer across its global operations. Redmond, a mining engineer with more than 16 years’ experience in Australia, Brazi...
State Street Group Ceases to Be Substantial Holder in Emerald Resources
Feb 2, 2026
State Street Global Advisors and related State Street Corporation subsidiaries have filed a notice that they have ceased to be substantial holders in Emerald Resources NL, indicating their combined voting interest in the Australian gold producer h...
Emerald Resources Lifts Dingo Range Gold Resource to 1.41Moz and Secures Key Mining Approvals
Jan 27, 2026
Emerald Resources NL has updated the Mineral Resource Estimate for its 100%-owned Dingo Range Gold Project in Western Australia to 40.9 million tonnes at 1.1 g/t gold for 1.41 million ounces, including a higher-grade component of 24.2 million tonn...
Emerald Resources Extends High-Grade Gold Potential Across Dingo Range and Cambodian Projects
Jan 26, 2026
Emerald Resources has reported strong infill and exploration drilling results across its 100%-owned Dingo Range Gold Project in Western Australia and its Cambodian assets, the Memot Gold Project and Okvau Gold Mine. At Dingo Range, significant int...
State Street Group Ceases to Be Substantial Holder in Emerald Resources
Jan 23, 2026
State Street Corporation, through a group of its international asset management and trust subsidiaries, has lodged a notice that it has ceased to be a substantial shareholder in Emerald Resources NL as of 21 January 2026. The filing indicates that...
Emerald Resources Lifts Memot Gold Resource to 1.7Moz, Clearing Path for 2026 Development
Jan 20, 2026
Emerald Resources has lifted the mineral resource at its 100%-owned Memot Gold Project in Cambodia to 1.7 million ounces of gold, a 27% increase from the July 2025 estimate, following further drilling and a lower cut-off grade. The updated Memot r...
Emerald Resources posts strong December quarter output at Okvau amid robust cash position
Jan 8, 2026
Emerald Resources has reported quarterly production of 25,030 ounces of gold from its 100%-owned Okvau Gold Mine in Cambodia for the December 2025 quarter, with 21,372 ounces poured and 20,410 ounces sold at an average realised price of US$4,118 p...
Emerald Resources Reports Institutional Trading Changes in Substantial Holding Notice
Jan 6, 2026
Emerald Resources NL has disclosed a notice of changes in substantial holdings relating to its ordinary shares, detailing a series of trades by fund managers T. Rowe Price Australia Limited and T. Rowe Price International Ltd. The filing lists mul...
Emerald Resources Options Lapse Following Unmet Conditions
Jan 5, 2026
Emerald Resources NL has notified the market that 125,000 options with an exercise price of A$0.82, expiring on 4 January 2026, have lapsed after the conditions attached to these securities were not satisfied. The cessation of these options result...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.