Emerald Resources NL (EMR) AI Stock Analysis

• Market Cap: AU$4.16B
• Dividend Yield: N/A
• Average Volume (3M): 1.84M
• Price to Earnings (P/E): 47.2
• Beta (1Y): 0.97
• Revenue Growth: 17.59%
• EPS Growth: 0.98%
• Country: AU
• Employees: 322
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.04
• Shares Outstanding: 660,559,750
• 10 Day Avg. Volume: 2,556,209
• 30 Day Avg. Volume: 1,836,436
• PEG Ratio: 0.00
• Price to Book (P/B): 3.97
• Price to Sales (P/S): 5.93
• P/FCF Ratio: 18.98
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$5.85
• Price Target Upside: -7.10% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.66
• Revenue Forecast (FY): AU$989.43M

• Rating: 73 Outperform
• Price Target: AU$5.50 ▼(-12.70% Downside)

Emerald Resources NL's strong financial performance and positive technical indicators are the most significant factors contributing to its stock score. However, the high P/E ratio suggests a potentially overvalued stock, which could limit future gains. The absence of earnings call insights and corporate events means these factors do not influence the score.

Positive Factors

Revenue Growth

The significant revenue growth of 87.1% indicates robust business expansion and market demand for the company's products, supporting long-term financial health.

Profitability

High profitability margins reflect effective cost management and operational efficiency, which are crucial for sustaining long-term financial performance.

Balance Sheet Health

A low debt-to-equity ratio suggests strong financial stability and low financial risk, providing a solid foundation for future growth and investment.

Negative Factors

Free Cash Flow Decline

A decline in free cash flow growth could impact the company's ability to fund operations and investments, potentially limiting financial flexibility if not addressed.

Revenue Growth Volatility

Volatility in revenue growth can pose risks to financial stability and predictability, making it challenging to plan long-term strategies effectively.

Free Cash Flow Conversion

While the conversion of profits into cash is strong, the decline in free cash flow growth suggests potential issues in sustaining this conversion rate, affecting future cash availability.

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 agreements covering a combined area of 1,239 square kilometers. Its principal property is the Okvau Gold project located in the city of Phnom Penh, province of Mondulkiri. The company was formerly known as Emerald Oil & Gas NL and changed its name to Emerald Resources NL in December 2014. The company was incorporated in 1969 and is headquartered in West Perth, Australia.

How the Company Makes Money

Emerald Resources NL generates revenue primarily through the exploration, development, and potential production of gold. The company's main revenue model is based on the extraction and sale of gold from its mining operations, particularly from the Okvau Gold Project, which has undergone significant development and is expected to enter production. Key revenue streams include the sale of mined gold and any associated by-products. Additionally, partnerships with local governments and mining entities may enhance operational efficiencies and reduce costs, contributing to profitability. The company may also benefit from fluctuations in gold prices, as higher market prices can lead to increased revenue from gold sales.

Emerald Resources NL Financial Statement Overview

Summary

Emerald Resources NL shows strong financial health with impressive revenue growth and profitability metrics. The balance sheet is stable with low leverage, and cash flow generation is solid despite recent declines in free cash flow growth. The company is well-positioned in the gold industry, but it should remain vigilant about maintaining its growth trajectory and managing cash flow effectively to mitigate potential risks.

Income Statement

Emerald Resources NL has demonstrated strong revenue growth with a significant increase of 87.1% in the latest year, indicating robust expansion. The company maintains healthy profitability with a gross profit margin of 57.6% and a net profit margin of 20.0%. The EBIT and EBITDA margins are also strong at 38.7% and 45.8%, respectively, showcasing effective cost management and operational efficiency. However, the revenue growth rate has shown volatility in the past, which could pose a risk if not managed carefully.

Balance Sheet

The balance sheet of Emerald Resources NL is solid, with a low debt-to-equity ratio of 0.03, indicating minimal leverage and financial risk. The return on equity is healthy at 13.4%, reflecting efficient use of shareholder funds. The equity ratio stands at 86.7%, suggesting a strong equity base relative to total assets. However, the company should monitor its equity growth to sustain this stability.

Cash Flow

Emerald Resources NL's cash flow statement reveals a decline in free cash flow growth by 26.3%, which could be a concern if it persists. The operating cash flow to net income ratio is strong at 2.27, indicating good cash generation relative to profits. The free cash flow to net income ratio is also robust at 0.89, suggesting effective conversion of profits into cash. The company should focus on reversing the negative trend in free cash flow growth to enhance its financial flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	438.14M	438.14M	366.04M	297.67M	206.47M	24.00K
Gross Profit	252.37M	252.37M	161.50M	115.02M	94.95M	-1.77M
EBITDA	200.48M	200.48M	179.39M	137.76M	110.90M	-16.56M
Net Income	87.61M	87.61M	84.27M	59.36M	45.37M	-16.70M
Balance Sheet
Total Assets	756.12M	756.12M	712.42M	495.23M	442.80M	250.11M
Cash, Cash Equivalents and Short-Term Investments	201.39M	201.39M	144.60M	71.47M	43.24M	22.96M
Total Debt	21.93M	21.93M	48.77M	79.91M	94.20M	93.37M
Total Liabilities	100.68M	100.68M	154.45M	171.25M	193.68M	145.04M
Stockholders Equity	655.44M	655.44M	557.97M	320.12M	244.64M	105.07M
Cash Flow
Free Cash Flow	136.96M	136.96M	114.69M	55.64M	15.04M	-102.05M
Operating Cash Flow	154.67M	154.67M	120.58M	64.25M	62.48M	-9.52M
Investing Cash Flow	-26.12M	-26.12M	-10.09M	-15.06M	-26.78M	-92.49M
Financing Cash Flow	-40.75M	-77.50M	-74.83M	-24.71M	-17.98M	282.00K

Emerald Resources NL Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 6.3 is above the 20-day moving average (MA) of 6.19, above the 50-day MA of 5.54, and above the 200-day MA of 4.55, indicating a bullish trend. The MACD of 0.27 indicates Positive momentum. The RSI at 62.33 is Neutral, neither overbought nor oversold. The STOCH value of 65.56 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMS	76 Outperform	$7.95B	10.04	28.58%	1.92%	36.34%	110.55%
VAU	76 Outperform	AU$5.86B	24.81	13.09%	―	130.98%	―
EMR	73 Outperform	AU$4.16B	47.23	14.25%	―	17.59%	0.98%
WGX	70 Outperform	AU$5.97B	164.16	2.43%	0.46%	89.86%	-81.65%
WAF	67 Neutral	AU$3.78B	11.41	26.84%	―	23.87%	92.57%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Emerald Resources NL Corporate Events

Emerald Resources NL Releases Modern Slavery Statement 2025

Emerald Resources NL has released its Modern Slavery Statement for 2025, highlighting its commitment to identifying, mitigating, and addressing risks of modern slavery throughout its operations and supply chains. By implementing proactive measures and policies, the company aims to ensure responsible business practices and ethical governance, which strengthens its reputation and positions it as a socially responsible entity within the mining sector.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources NL Issues New Securities to Bolster Operations

Emerald Resources NL has announced the issuance of 82,088 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) as of December 15, 2025. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing exploration and development activities. The issuance of these securities could potentially strengthen Emerald Resources’ market position and provide additional resources for its operations, benefiting stakeholders by potentially increasing the company’s value and market reach.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources Issues New Shares to Employees Under Incentive Plan

Emerald Resources NL has issued 82,088 fully paid ordinary shares to employees following the exercise of 110,000 unlisted options. This move is part of the company’s Incentive Plan, allowing option holders to use a cashless facility to pay the exercise price. The issuance was conducted without disclosure under the Corporations Act, and the company has complied with all relevant legal provisions. This action reflects Emerald’s ongoing efforts to incentivize its workforce and adjust its capital structure, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources Advances Gold Projects with Drilling Success

Emerald Resources NL has announced updates on its infill drill programs at the Dingo Range Gold Project in Australia and the Memot Gold Project in Cambodia. The company has completed significant drilling activities aimed at enhancing grade control and confidence in mining areas, with results feeding into upcoming resource updates. These updates, along with maiden ore reserves, are expected to be released in January 2026, supporting Emerald’s goal of becoming a 300,000 to 400,000 ounces per annum gold producer. The developments mark a period of growth as the company prepares for full development activities across both projects in 2026.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources NL Issues New Securities to Boost Market Position

Emerald Resources NL announced the issuance of 249,168 fully paid ordinary securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code EMR. This move is part of the company’s ongoing efforts to enhance its capital structure and potentially increase its market liquidity, which could have positive implications for its stakeholders and strengthen its position in the mining industry.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources Enhances Capital Structure with New Share Issuance

Emerald Resources NL has issued a total of 249,168 fully paid ordinary shares to employees following the exercise of unlisted options. This move reflects the company’s ongoing commitment to its employee incentive plan and compliance with the Corporations Act 2001. The issuance of these shares is part of Emerald’s strategy to enhance its capital structure and further align employee interests with company growth.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources Advances Dingo Range Gold Project with Key Approvals

Emerald Resources NL announced the approval of the Mining Proposal and Mine Closure Plan for its Dingo Range Gold Project in Western Australia, marking a significant milestone in its development. The completion of a 264-room camp enhances the project’s infrastructure, supporting Emerald’s strategic objective of becoming a multi-mine gold producer. The company is fully funded and debt-free, positioning it well for future growth in the gold mining industry.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources NL Successfully Passes AGM Resolutions

Emerald Resources NL announced that all resolutions were passed by poll at their recent annual general meeting. The meeting included the adoption of the remuneration report and the re-election of directors, which reflects strong shareholder support and may positively impact the company’s governance and strategic direction.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources Expands Gold Production Capacity

Emerald Resources NL announced its strategic advancement from a single mine gold producer to a multi-mine operation, significantly increasing its annual production capacity. This expansion is expected to enhance the company’s market position and potentially deliver greater value to stakeholders by leveraging increased production capabilities.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources Reports Record Profit and Advances Expansion Plans

Emerald Resources NL reported a record after-tax profit of $87.6 million for the year, driven by strong performance at its Okvau Gold Mine in Cambodia, which produced 98,110 ounces of gold. The company has repaid its Okvau Debt Facility and is focusing on expansion plans, including underground resource development at Okvau and exploration at its Dingo Range and Memot projects. Emerald Resources is also advancing its environmental initiatives, such as the Phnom 1500 reforestation project, and maintains a strong safety record with zero reportable injuries.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources NL Announces Change in Substantial Holding

Emerald Resources NL has announced a change in the substantial holding of its voting securities. This notice indicates a shift in the ownership or control of shares, which could impact the company’s governance and decision-making processes. The implications of this change for stakeholders, including potential shifts in company strategy or influence over corporate actions, remain to be seen.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources NL Seeks Quotation for New Securities on ASX

Emerald Resources NL has announced the application for the quotation of 137,059 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 18, 2025. This move reflects the company’s ongoing efforts to enhance its market presence and expand its financial base, potentially impacting its operational capabilities and offering new opportunities for stakeholders.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources NL Issues Shares Following Option Exercise

Emerald Resources NL has issued 137,059 fully paid ordinary shares following the exercise of 150,000 unlisted options by employees. This move reflects the company’s ongoing commitment to its incentive plans and compliance with corporate regulations, potentially impacting its capital structure and shareholder value.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources Secures Full Permits for Memot Gold Project and Extends Okvau Agreement

Emerald Resources NL has announced that its Memot Gold Project in Cambodia is now fully permitted for development and operation, following the receipt of necessary agreements and licenses from Cambodian authorities. This development, along with the extension of the Okvau Gold Mine Mineral Investment Agreement to include underground operations, signifies strong governmental support and positions the company for further expansion in the region. The Memot project will benefit from fiscal incentives, including tax exemptions, and the Okvau extension allows for the importation of equipment to support underground activities, enhancing the company’s operational capabilities and growth potential.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources Reports Steady Gold Production and Resource Growth

Emerald Resources NL reported its September 2025 quarterly results, highlighting a steady gold production of 22.0Koz from the Okvau Gold Mine in Cambodia, with sales at an average price of US$3,486/oz. The company maintained its production and cost guidance for the fiscal year 2026, despite a slight decrease in production. The Dingo Range Gold Project in Australia saw significant resource growth, with a 35% increase in its mineral resource estimate. The Memot Gold Project in Cambodia also received in-principle approval for its mining license, marking a significant step towards project development. These developments underscore Emerald’s strategic focus on expanding its resource base and enhancing its operational capabilities.

The most recent analyst rating on (AU:EMR) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources NL Issues New Securities on ASX

Emerald Resources NL has announced the issuance of 14,738 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code EMR. This move is part of the company’s strategy to leverage options being exercised or convertible securities being converted, potentially impacting its capital structure and offering new opportunities for investors.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources Issues Shares Following Option Exercise

Emerald Resources NL has issued 14,738 fully paid ordinary shares to an employee following the exercise of unlisted options, as part of its Incentive Plan. This move reflects the company’s ongoing compliance with regulatory requirements and its strategic approach to employee incentives, potentially impacting its capital structure and shareholder value.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources Announces Digital-First Annual General Meeting

Emerald Resources NL has announced its upcoming Annual General Meeting, scheduled for November 28, 2025, at the Subiaco Arts Centre in Western Australia. The company will not be sending physical copies of the meeting notice, instead making it available online. Shareholders are encouraged to participate by submitting proxy votes by November 26, 2025, and can submit questions ahead of the meeting. This shift to digital communication aligns with recent legislative changes and reflects a broader industry trend towards more sustainable practices.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources NL Announces Annual General Meeting

Emerald Resources NL has announced its Annual General Meeting, scheduled for November 28, 2025, at the Subiaco Arts Centre in Western Australia. The meeting will address several key agenda items, including the consideration of the company’s financial statements and reports for the fiscal year ending June 30, 2025, the adoption of the Remuneration Report, and the re-election of Director Michael Bowen. Shareholders are encouraged to participate as their votes are crucial for the proceedings, although the vote on the Remuneration Report is advisory and non-binding.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources NL Issues New Securities to Strengthen Market Position

Emerald Resources NL has announced the issuance of 136,444 fully paid ordinary securities, which are set to be quoted on the ASX as of October 8, 2025. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market position, providing stakeholders with increased liquidity and investment opportunities.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources Issues Shares to Employees Following Option Exercise

Emerald Resources NL has issued 136,444 fully paid ordinary shares to employees following the exercise of options as part of its Incentive Plan. This move reflects the company’s compliance with the Corporations Act and its ongoing commitment to rewarding employees, potentially enhancing stakeholder confidence and supporting its growth strategy.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources Reports Significant Exploration Successes

Emerald Resources NL has announced significant exploration successes at its Dingo Range Gold Project in Western Australia and the Antrong North Licence in Cambodia. The company reported new discoveries and high-grade mineralization at various prospects, indicating potential for resource growth and expansion. These developments are expected to enhance Emerald’s operational capabilities and strengthen its position in the gold mining industry.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources Celebrates 1,000th Gold Bar Milestone at Okvau Mine

Emerald Resources NL has achieved a significant milestone with the pouring of its 1,000th gold bar at the Okvau Gold Mine in Cambodia, marking a major achievement since its first gold pour in June 2021. This accomplishment underscores the company’s dedication to growth and investment in new projects within Cambodia and Australia, furthering its strategy to become a multi-mine gold mining company. The event was celebrated with the presence of Cambodian government officials, highlighting the strong support and collaboration between the company and local authorities. Emerald Resources emphasizes its commitment to the environment and local communities, aiming to provide continued opportunities for the Cambodian workforce as it expands its operations.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources Maintains FY26 Guidance Despite Weather Challenges

Emerald Resources NL announced that its gold production for the September 2025 quarter at the Okvau Gold Mine was below expectations due to heavy rainfall, which restricted access to high-grade ore. Despite this setback, the company maintains its production and cost guidance for the fiscal year 2026, aiming for 105Koz to 120Koz of gold production. Emerald is on track to become a multi-mine gold producer with over 300Koz annual production, driven by expansions at Okvau and new projects in Cambodia and Australia.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.

Emerald Resources NL Announces 2025 Annual General Meeting

Emerald Resources NL has announced its Annual General Meeting (AGM) will be held on 28 November 2025. The company has a strong track record of completing projects on time and within budget, with significant exploration potential in both Cambodia and Australia. The AGM will provide further insights into the company’s future plans and strategies, potentially impacting stakeholders and market positioning.

The most recent analyst rating on (AU:EMR) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Emerald Resources NL stock, see the AU:EMR Stock Forecast page.