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Empire Metals
(LSE:EEE)
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Rating:52Neutral
Price Target:
40.00 p
▼(-12.09% Downside)
Action:Reiterated
Date:06/25/26
The score is held back primarily by weak financial performance (no revenue, sustained losses, and ongoing cash burn), partially offset by a low-debt balance sheet. Technicals are a near-term positive with the stock trading above key moving averages and positive momentum, while valuation is constrained by the negative P/E and lack of dividend yield data.
Positive Factors
Low Leverage / Strong Balance Sheet
Very low leverage provides durable financial flexibility and lowers insolvency risk; management can fund exploration activities and absorb setbacks without high interest costs, supporting multi-month project advancement and preserving optionality while revenue is absent.
Negative Factors
Pre‑revenue with Persistent Losses
The company generates no revenue and has sustained operating losses, meaning no internal cash generation. This fundamental profile increases reliance on external funding, elevates dilution risk and constrains the firm’s ability to self‑fund exploration and advancement over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
Very low leverage provides durable financial flexibility and lowers insolvency risk; management can fund exploration activities and absorb setbacks without high interest costs, supporting multi-month project advancement and preserving optionality while revenue is absent.
Read all positive factors
Empire Metals (EEE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£287.87M
Dividend YieldN/A
Average Volume (3M)8.01M
Price to Earnings (P/E)―
Beta (1Y)0.51
Revenue GrowthN/A
EPS Growth22.39%
CountryUK
Employees3
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding757,559,900
10 Day Avg. Volume6,971,629
30 Day Avg. Volume8,014,831
Financial Highlights & Ratios
PEG Ratio3.35
Price to Book (P/B)15.39
Price to Sales (P/S)0.00
P/FCF Ratio-86.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£62.00Price Target Upside36.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Empire Metals Business Overview & Revenue Model
Company Description
Empire Metals Limited, an entity headquartered in Road Town, British Virgin Islands, focuses its efforts on identifying and advancing mineral deposits across the United Kingdom, Australia, and Austria. A key asset within its portfolio is the Eclip...
How the Company Makes Money
null...
Empire Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -47.49K | -56.60K | -23.35K | -300.00 | -1.42K |
| EBITDA | -3.50M | -4.13M | -2.24M | ― | -2.33M |
| Net Income | -3.54M | -4.09M | -2.80M | -1.16M | -589.00K |
Balance Sheet | |||||
| Total Assets | 17.82M | 8.42M | 7.71M | 4.88M | 4.25M |
| Cash, Cash Equivalents and Short-Term Investments | 9.64M | 3.52M | 2.85M | 1.47M | 2.21M |
| Total Debt | 62.51K | 12.43K | 21.38K | 0.00 | 0.00 |
| Total Liabilities | 712.69K | 154.36K | 751.67K | 110.30K | 124.54K |
| Stockholders Equity | 17.10M | 8.26M | 6.95M | 4.77M | 4.13M |
Cash Flow | |||||
| Free Cash Flow | -3.04M | -4.62M | -1.05M | -2.31M | -2.50M |
| Operating Cash Flow | -2.94M | -3.06M | -998.82K | -972.40K | -990.54K |
| Investing Cash Flow | -3.20M | -1.56M | -1.93M | -1.34M | 793.27K |
| Financing Cash Flow | 12.27M | 5.39M | 4.22M | 1.57M | 118.00K |
Empire Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | £227.77M | 8.10 | 14.10% | 2.58% | 70.88% | 218.79% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | £287.87M | -73.46 | -24.90% | ― | ― | 22.39% | |
49 Neutral | £71.57M | 16.17 | -7.12% | ― | -18.31% | ― | |
45 Neutral | £378.90M | -65.76 | -25.01% | ― | ― | -157.72% | |
44 Neutral | £46.82M | -23.64 | -13.02% | ― | ― | 20.51% |
* Basic Materials Sector Average
GB:EEE
Empire Metals
38.00
11.20
41.79%
GB:EUA
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2.43
-2.53
-51.01%
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33.31%
GB:FMET
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GB:GMET
Golden Metal Resources Plc
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GB:HEX
Helix Exploration Plc
23.95
-2.55
-9.62%
Empire Metals Corporate Events
Business Operations and StrategyM&A Transactions
Empire Metals Sells Eclipse Gold Lease to Sharpen Focus on Pitfield Titanium
Positive
Jun 24, 2026
Empire Metals has completed the sale of its 75% interest in the Eclipse Mining Lease, a non-core gold asset near Kalgoorlie in Western Australia, for total cash consideration of A$750,000. The transaction was executed through its Australian subsid...
Business Operations and StrategyShareholder Meetings
Empire Metals to brief investors on Pitfield titanium project progress and commercialisation plans
Positive
Jun 23, 2026
Empire Metals has scheduled a live investor presentation on 30 June 2026 via the Investor Meet Company platform, where Managing Director Shaun Bunn and Finance Director Greg Kuenzel will brief shareholders on recent progress at the Pitfield Projec...
Business Operations and Strategy
Empire Metals Confirms Massive High-Grade Titanium Core at Pitfield’s Thomas Prospect
Positive
Jun 22, 2026
Empire Metals has reported its strongest drilling results yet from the Thomas Prospect at its Pitfield titanium project in Western Australia, confirming a massive high-grade core averaging 47 metres thick over about 6.25 square kilometres. The lat...
Business Operations and Strategy
Empire Metals outlines low-cost flowsheet for premium titanium products at Pitfield
Positive
Jun 11, 2026
Empire Metals has completed an integrated metallurgical processing flowsheet for its Pitfield Titanium Project in Western Australia, demonstrating the ability to produce premium 99%+ TiO₂ pigment, titanium sponge metal feedstock and a high-g...
Business Operations and Strategy
Empire Metals Adds Zeus as Joint Broker to Support Titanium Growth Plans
Positive
Jun 4, 2026
Empire Metals has appointed Zeus Capital Limited as a joint corporate broker, joining existing brokers Canaccord Genuity and S. P. Angel. The move broadens the company’s advisory and capital markets support as it advances its portfolio in th...
Business Operations and StrategyM&A Transactions
Empire Metals Sells Non-Core Gold Asset to Refocus on Flagship Titanium Project
Positive
May 19, 2026
Empire Metals has signed a definitive agreement to sell its 75% stake in the Eclipse Mining Lease, a non-core gold asset near Kalgoorlie, Western Australia, for A$750,000, comprising a non-refundable deposit and a cash payment on completion. The d...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Empire Metals raises £8m to accelerate Pitfield titanium project and ASX dual listing
Positive
May 11, 2026
Empire Metals has raised £8 million through a subscription of new shares to existing institutional investors, taking its pro-forma cash position to about £14.5 million. The funding comes as the company advances Pitfield, a large-scale ti...
Business Operations and Strategy
Empire Metals Expands High-Grade Titanium Core With Record Pitfield Drilling Campaign
Positive
May 5, 2026
Empire Metals has completed its largest drilling campaign to date at the Pitfield Titanium Project in Western Australia, with initial assays from the Thomas prospect confirming and expanding a continuous, near-surface high-grade core. The first 88...
Business Operations and StrategyExecutive/Board Changes
Empire Metals Bolsters Incentive Structure with New EBT Shares and Option Extension
Positive
Apr 13, 2026
Empire Metals has issued 20 million new ordinary shares to its Employee Benefit Trust, representing about 2.73% of its enlarged share capital, to fund future awards under a long‑term incentive plan still awaiting formal board adoption. The m...
Business Operations and StrategyM&A Transactions
Empire Metals Extends Eclipse Licence Sale to Sharpen Focus on Pitfield Titanium
Positive
Mar 31, 2026
Empire Metals has extended by one month, to 30 April 2026, the deadline for completing the sale of its 75% interest in the Eclipse Mining Licence, after the purchaser requested more time to finish due diligence. The buyer has drilled 10 reverse-ci...
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.