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Emerald Resources NL (EMR) AI Stock Analysis

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AU:EMR

Emerald Resources NL

(ASX:EMR)

Select Model
Rating:78Outperform
Price Target:AUD 7.00â–²(15.13% Upside)
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 GrowthStrong 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 VolatilityThe 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.

Emerald Resources NL (EMR) vs. iShares MSCI Australia ETF (EWA)

-20%0%20%40%60%80%AU:EMR+26.67%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 2.81B
Dividend Yield
―
Average Volume (3M)
1.46M
Price to Earnings (P/E)
15.6
Beta (1Y)
1.54
Revenue Growth
39.82%
EPS Growth
194.60%
Country
Australia
Employees
381
Sector
Basic Materials
Sector Strength
61
Industry
Gold

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 cove...

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 driv...

Emerald Resources NL Financial Statement Overview

Summary

Strong latest-year fundamentals: rapid revenue growth (+33.5% YoY), sharply improved profitability (net margin ~43%), very low current leverage (debt-to-equity ~0.03–0.04), and robust cash generation with free cash flow closely matching net income (~0.98). The main offset is pronounced historical volatility (losses and cash burn in 2021; weaker cash coverage in parts of 2022–2023), consistent with cycle sensitivity.

Income Statement

90Very Positive

Balance Sheet

88Very Positive

Cash Flow

85Very Positive
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue601.79M601.79M438.14M366.04M297.67M206.47M
Gross Profit373.88M373.88M252.37M161.50M115.02M94.95M
EBITDA401.96M401.96M208.97M179.39M137.76M110.90M
Net Income259.59M259.59M87.61M84.27M59.36M45.37M
Balance Sheet
Total Assets1.15B1.15B756.12M712.42M495.23M442.80M
Cash, Cash Equivalents and Short-Term Investments433.65M433.65M201.39M144.60M71.47M43.24M
Total Debt31.88M31.88M21.93M48.77M79.91M94.20M
Total Liabilities232.95M232.95M100.68M154.45M171.25M193.68M
Stockholders Equity913.48M913.48M655.44M557.97M320.12M244.64M
Cash Flow
Free Cash Flow316.83M316.83M136.96M114.69M55.64M15.04M
Operating Cash Flow324.49M324.49M154.67M120.58M64.25M62.48M
Investing Cash Flow-77.38M-77.38M-26.12M-10.09M-15.06M-26.78M
Financing Cash Flow-7.69M-7.69M-77.50M-74.83M-24.71M-17.98M

Emerald Resources NL Technical Analysis

Technical Analysis SentimentNegative
Last Price6.08

Price Trends

50DMA6.76Negative
100DMA6.27Negative
200DMA6.23Negative

Market Momentum

MACD-0.18Positive
RSI41.15Neutral
STOCH54.42Neutral

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 6.08 is below the 20-day moving average (MA) of 6.40, below the 50-day MA of 6.76, and below 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

AU:EMR against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:RRLAU:RRL85OutperformAUD 4.74B6.5835.03%3.06%42.59%180.54%
AU:PRUAU:PRU82OutperformAUD 7.72B12.7618.90%2.41%12.65%11.08%
AU:EMRAU:EMR78OutperformAUD 4.03B15.5931.64%―39.82%194.60%
AU:RMSAU:RMS77OutperformAUD 6.45B54.633.01%1.75%-14.16%-84.78%
AU:WAFAU:WAF72OutperformAUD 3.78B3.9252.15%―194.08%92.97%
AU:RSGAU:RSG71OutperformAUD 2.42B9.4623.30%―4.98%1498.82%
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%

* Basic Materials Sector Average

Performance Comparison

0%20%40%60%AU:EMRAU:PRUAU:WAFAU:RSGAU:RRLAU:RMSDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:EMR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:EMREmerald Resources NL6.081.2425.62%
AU:PRUPerseus Mining Limited5.821.1324.20%
AU:WAFWest African Resources Ltd3.300.4214.62%
AU:RSGResolute Mining Limited1.130.2022.16%
AU:RRLRegis Resources Limited6.250.264.41%
AU:RMSRamelius Resources Limited3.420.195.92%

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 inc...

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 and...

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 company...

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 beneath...

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 participatio...

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 and...

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 intended t...

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 activel...

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 instru...

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 unvested...

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 abou...

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 tim...

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 and...

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 corporate...

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 inc...

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 sha...

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 a...

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, will...

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 bee...

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 gold...

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 gran...

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 website...

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 climb...

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 exe...

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 a p...

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 intend...

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 equity...

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 share...

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 series...

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.

Date of analysis: Aug 28, 2026