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Emerald Resources NL
(Sydney:EMR)
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Rating:78Outperform
Price Target:
AU$7.00
â–¼(-0.71% Downside)
Action:Reiterated
Date:08/28/26
The score is driven primarily by strong financial performance (high profitability, low leverage, and strong free cash flow), partially tempered by historical cyclicality/volatility. Technicals are positive but appear overextended, and valuation is only moderate with no dividend yield support.
Positive Factors
Revenue and Profit Growth
Strong revenue growth combined with a substantial margin expansion indicates improved earnings power and operating performance. If sustained, this profitability provides greater capacity to fund mine development, exploration and shareholder value creation over the next several quarters.
Negative Factors
Historical Earnings Volatility
The history of deeply negative results shows that earnings are not consistently stable across the operating cycle. Such variability can make future profitability and internal funding less predictable, particularly when production conditions or gold-market economics become less favorable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Growth
Strong revenue growth combined with a substantial margin expansion indicates improved earnings power and operating performance. If sustained, this profitability provides greater capacity to fund mine development, exploration and shareholder value creation over the next several quarters.
Read all positive factors
Emerald Resources NL (EMR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.03B
Dividend YieldN/A
Average Volume (3M)1.55M
Price to Earnings (P/E)15.6
Beta (1Y)1.54
Revenue Growth39.82%
EPS Growth194.60%
CountryAU
Employees381
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.39
Shares Outstanding663,469,600
10 Day Avg. Volume1,903,270
30 Day Avg. Volume1,549,330
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)3.97
Price to Sales (P/S)6.02
P/FCF Ratio11.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$7.18Price Target Upside1.89% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)0.45
Revenue Forecast (FY)AU$677.72M
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. Its exploration tenements include a combination of 100% owned granted licenses, applications, and earn-in and joint venture agreements c...
How the Company Makes Money
Emerald Resources primarily makes money by producing and selling gold from its mining operations. Revenue is generated when mined ore is processed into gold (typically poured as doré bars) and sold to external buyers, with sales proceeds largely d...
Emerald Resources NL Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
85
Very Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 601.79M | 438.14M | 366.04M | 297.67M | 206.47M |
| Gross Profit | 373.88M | 252.37M | 161.50M | 115.02M | 94.95M |
| EBITDA | 401.96M | 208.97M | 179.39M | 137.76M | 110.90M |
| Net Income | 259.59M | 87.61M | 84.27M | 59.36M | 45.37M |
Balance Sheet | |||||
| Total Assets | 1.15B | 756.12M | 712.42M | 495.23M | 442.80M |
| Cash, Cash Equivalents and Short-Term Investments | 433.65M | 201.39M | 144.60M | 71.47M | 43.24M |
| Total Debt | 31.88M | 21.93M | 48.77M | 79.91M | 94.20M |
| Total Liabilities | 232.95M | 100.68M | 154.45M | 171.25M | 193.68M |
| Stockholders Equity | 913.48M | 655.44M | 557.97M | 320.12M | 244.64M |
Cash Flow | |||||
| Free Cash Flow | 316.83M | 136.96M | 114.69M | 55.64M | 15.04M |
| Operating Cash Flow | 324.49M | 154.67M | 120.58M | 64.25M | 62.48M |
| Investing Cash Flow | -77.38M | -26.12M | -10.09M | -15.06M | -26.78M |
| Financing Cash Flow | -7.69M | -77.50M | -74.83M | -24.71M | -17.98M |
Emerald Resources NL Technical Analysis
Negative
7.05
Price Trends
6.76
Negative
6.27
Negative
6.23
Negative
Market Momentum
-0.18
Positive
41.15
Neutral
54.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EMR, the sentiment is Negative. The current price of 7.05 is above the 20-day moving average (MA) of 6.40, above the 50-day MA of 6.76, and above the 200-day MA of 6.23, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 41.15 is Neutral, neither overbought nor oversold. The STOCH value of 54.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | AU$7.72B | 12.76 | 18.90% | 2.41% | 12.65% | 11.08% | |
78 Outperform | AU$4.03B | 15.59 | 31.64% | ― | 39.82% | 194.60% | |
78 Outperform | AU$4.74B | 6.58 | 35.03% | 3.06% | 42.59% | 180.54% | |
77 Outperform | AU$6.45B | 54.63 | 3.01% | 1.75% | -14.16% | -84.78% | |
76 Outperform | AU$3.78B | 3.92 | 52.15% | 5.68% | 194.08% | 92.97% | |
66 Neutral | AU$2.42B | 9.46 | 23.30% | 1.59% | 4.98% | 1498.82% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
AU:EMR
Emerald Resources NL
6.08
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25.62%
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Emerald Resources NL Corporate Events
Emerald Resources NL Adds 25,901 New Shares to ASX Quotation
Oct 30, 2026
Emerald Resources NL has applied for quotation of 25,901 new ordinary fully paid shares on the ASX, with an issue date of October 30, 2026. The small securities issuance, arising from the exercise or conversion of existing instruments, marginally ...
Emerald Resources issues new shares via employee option exercise
Oct 30, 2026
Emerald Resources NL has issued 25,901 new fully paid ordinary shares to an employee following the exercise of two tranches of unlisted options under its Incentive Plan using a cashless exercise facility. The options, with strike prices of $4.43 a...
Emerald Resources Boosts Growth Pipeline as Okvau Cash Flow Supports Expansion
Oct 29, 2026
Emerald Resources reported September-quarter production of 20,300 ounces from its Okvau Gold Mine in Cambodia, with all-in sustaining costs rising to US$1,210 per ounce but pre-tax operating cash flow remaining robust at A$112.4 million. The compa...
Emerald Resources posts high-grade drilling results across Cambodian and Australian gold projects
Oct 27, 2026
Emerald Resources reported strong infill and exploration drilling results across its key gold assets in Cambodia and Western Australia for the quarter to 30 September 2026. The company highlighted high-grade intercepts at the Okvau Gold Mine benea...
Emerald Resources Sets 2026 AGM to Vote on Pay and Board Seats
Oct 19, 2026
Emerald Resources NL has called its annual general meeting for 27 November 2026 in West Perth, inviting shareholders to review the financial statements for the year ended 30 June 2026. The agenda underscores the importance of shareholder participa...
Emerald Resources Moves AGM Notices and Proxy Voting Online
Oct 19, 2026
Emerald Resources NL has called its Annual General Meeting for 27 November 2026 at the WA Chinese Chamber of Commerce in West Perth. The company is shifting to electronic distribution of the meeting notice, which will be available via its website ...
Emerald Resources Issues New Long-Dated Employee Options
Oct 9, 2026
Emerald Resources NL has notified the market of the issue of 200,000 unquoted options under its employee incentive scheme, exercisable at $8.35 and expiring on 23 September 2031. These options, subject to various vesting conditions and not intende...
Emerald Resources Trims Future Dilution as 66,000 Options Lapse
Oct 9, 2026
Emerald Resources NL is an Australian-listed resources company trading under the ASX code EMR, with a capital structure that includes multiple classes of options used in funding and incentive programs. The firm’s securities framework is acti...
Emerald Resources Applies for Quotation of New ASX Shares
Oct 9, 2026
Emerald Resources NL has applied for quotation of 283,810 new ordinary fully paid shares on the ASX, with an issue date of 8 October 2026. The additional securities arise from the exercise or conversion of existing options or other convertible ins...
Emerald Resources tweaks capital structure with employee option exercises
Oct 9, 2026
Emerald Resources has adjusted its capital structure through the exercise of employee share options under its incentive plan, issuing a total of 283,810 new ordinary shares via a cashless exercise facility. The company also cancelled certain unves...
Emerald Resources Holds Guidance as Okvau Cash Flows Fund Multi-Mine Expansion
Oct 6, 2026
Emerald Resources reported September-quarter production of 20,280 ounces of gold at its Okvau Gold Mine, with 23,003 ounces poured and 23,832 ounces sold at an average price of US$4,255 per ounce. The company expects an all-in sustaining cost of a...
Emerald Resources Sets Date for 2026 Annual General Meeting
Sep 30, 2026
Emerald Resources NL has announced that its Annual General Meeting will be held on Friday, 27 November 2026 at 11:00am WST, with further details to be provided in a formal Notice of Meeting to shareholders and via the company’s website. The ...
Emerald Resources NL Seeks Quotation for Additional ASX Shares
Sep 29, 2026
Emerald Resources NL has applied for quotation of additional ordinary fully paid shares on the Australian Securities Exchange, under its existing issuer code EMR. The company continues to leverage public capital markets to support its operations a...
Emerald Resources Issues New Shares Following Employee Option Exercise
Sep 29, 2026
Emerald Resources NL has issued 29,910 fully paid ordinary shares to an employee following the cashless exercise of 50,000 unlisted options under its Incentive Plan. The new shares, issued without a prospectus in accordance with Australian corpora...
Emerald Resources Seeks ASX Quotation for Additional Shares
Sep 23, 2026
Emerald Resources NL has applied for quotation on the ASX of 35,477 new ordinary fully paid shares, effective 23 September 2026. The additional securities arise from the exercise of options or conversion of other convertible instruments, modestly ...
Emerald Resources Issues New Shares Following Employee Option Exercise
Sep 23, 2026
Emerald Resources NL has issued 35,477 fully paid ordinary shares to an employee following the exercise of 60,000 unlisted options under its incentive plan using a cashless exercise facility. The new shares marginally increase the company’s ...
Emerald-Backed Manda Resources Consolidates North Queensland Gold Assets
Sep 21, 2026
Emerald Resources-backed Manda Resources has completed the acquisition of the Alice River, St George Gold-Antimony, Tregoora and Northcote gold projects in North Queensland, consolidating a suite of gold-antimony and potash exploration assets with...
Emerald Resources Seeks Quotation of Additional ASX Shares
Sep 17, 2026
Emerald Resources NL has applied for quotation of 412,033 new ordinary fully paid shares on the ASX, with the securities issued on September 17, 2026. The additional quoted shares, arising from the exercise or conversion of existing instruments, w...
Emerald Resources issues new shares on employee option exercises
Sep 17, 2026
Emerald Resources has issued 412,033 new fully paid ordinary shares to employees following the exercise of various unlisted options under its Securities Incentive Plan. The options were exercised using a cashless facility, and the new shares have ...
Emerald Secures Up to US$400m Facility to Drive Global Gold Acquisitions
Sep 15, 2026
Emerald Resources NL has signed a mandate with Sprott Resource Lending Corp. and Macquarie Bank Limited for a senior secured corporate acquisition facility of US$200 million, expandable to US$400 million via an accordion feature, to fund future go...
Emerald Resources Issues New Shares on Employee Option Exercise
Aug 31, 2026
Emerald Resources NL has issued 64,649 new fully paid ordinary shares to an employee following the cashless exercise of 80,000 unlisted options under its Incentive Plan. The options, priced at A$1.37 and expiring in October 2027, were originally g...
Emerald Resources Lodges Corporate Governance Statement and ASX Appendix 4G
Aug 27, 2026
Emerald Resources NL has confirmed its corporate governance arrangements for the financial year ended 30 June 2026, with the board approving an updated governance statement as at 26 August 2026. The statement, available on the company’s webs...
Emerald Resources posts record A$259.6m profit on surging gold prices
Aug 27, 2026
Emerald Resources NL has reported a record profit after tax of A$259.6 million for the year to 30 June 2026, nearly tripling the prior year’s result on the back of higher gold prices and solid output from its Okvau operation. Gold revenue cl...
Emerald Resources Seeks ASX Quotation for Additional Ordinary Shares
Aug 18, 2026
Emerald Resources NL has applied to the Australian Securities Exchange for the quotation of 220,154 new ordinary fully paid shares, issued on 17 August 2026 as part of its capital management activities. The additional securities, arising from the ...
Emerald Resources Plans New Long-Dated Option Issuance
Aug 18, 2026
Emerald Resources NL has notified the ASX of a proposed issue of 160,000 unlisted options, each with an exercise price of $6.63 and expiring on 3 August 2031, subject to vesting conditions. The options, to be issued on 27 November 2026 as part of ...
Emerald Resources Issues New Employee Incentive Options
Aug 18, 2026
Emerald Resources NL has notified the market of the issue of 2,535,000 unquoted options under its employee incentive scheme. The options, exercisable at $6.63 and expiring on 3 August 2031, are subject to various vesting conditions and are not int...
Emerald Resources Expands Employee Equity Through Option Exercises and New Grants
Aug 18, 2026
Emerald Resources has issued new ordinary shares to employees following the cashless exercise of previously granted unlisted options under its incentive plan. The transactions modestly increase the company’s share count while reinforcing equ...
Emerald Resources Issues New Shares on Employee Option Exercise
Aug 7, 2026
Emerald Resources NL has issued 180,000 fully paid ordinary shares to an employee following the exercise of an equivalent number of unlisted options priced at A$1.94 and expiring in April 2028. The issue marginally increases the company’s sh...
Emerald Resources maps transition to multi-mine gold producer
Aug 3, 2026
Emerald Resources NL has outlined its strategic shift from a single-mine producer of over 100,000 ounces of gold per year to a multi-mine portfolio targeting production above 300,000 ounces annually. The company frames this transition within a ser...
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.