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Emerald Resources NL
(Sydney:EMR)
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Rating:78Outperform
Price Target:
AU$8.00
â–²(13.48% 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
Strong revenue and margin growth
Rapid revenue growth and substantial margin expansion indicate strong operating performance and improved earnings capacity. If supported by ongoing production and processing performance, this creates a stronger base for sustaining profitability over the next several months.
Negative Factors
Historical earnings cyclicality
The history of sharply weaker or negative results shows that current profitability may not be steady through the cycle. Earnings could contract materially if gold prices, grades, recoveries or operating conditions deteriorate over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and margin growth
Rapid revenue growth and substantial margin expansion indicate strong operating performance and improved earnings capacity. If supported by ongoing production and processing performance, this creates a stronger base for sustaining profitability over the next several months.
Read all positive factors
Emerald Resources NL (EMR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.71B
Dividend YieldN/A
Average Volume (3M)1.36M
Price to Earnings (P/E)18.3
Beta (1Y)1.50
Revenue Growth39.82%
EPS Growth194.60%
CountryAU
Employees381
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.39
Shares Outstanding662,682,500
10 Day Avg. Volume1,590,412
30 Day Avg. Volume1,360,197
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$6.15Price Target Upside-12.77% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)0.47
Revenue Forecast (FY)AU$710.46M
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 | 200.48M | 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
Positive
7.05
Price Trends
6.07
Positive
6.00
Positive
6.10
Positive
Market Momentum
0.29
Positive
61.48
Neutral
64.71
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 7.05 is above the 20-day moving average (MA) of 6.91, above the 50-day MA of 6.07, and above the 200-day MA of 6.10, indicating a bullish trend. The MACD of 0.29 indicates Positive momentum. The RSI at 61.48 is Neutral, neither overbought nor oversold. The STOCH value of 64.71 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | AU$8.76B | 15.12 | 18.86% | 2.15% | 12.65% | 11.08% | |
79 Outperform | AU$4.35B | 7.22 | 39.02% | ― | 111.74% | 100.58% | |
78 Outperform | AU$4.71B | 18.28 | 31.64% | ― | 39.82% | 194.60% | |
78 Outperform | AU$6.23B | 8.37 | 35.03% | 4.42% | 42.59% | 180.54% | |
77 Outperform | AU$7.44B | 60.86 | 3.01% | 1.56% | -14.16% | -84.78% | |
69 Neutral | AU$3.08B | 12.03 | 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
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76.49%
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Emerald Resources NL Corporate Events
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...
Emerald Resources boosts growth pipeline with high-grade drilling across Cambodia and Australia
Jul 26, 2026
Emerald Resources has reported strong drilling results across its key gold assets in Cambodia and Western Australia for the June quarter, reinforcing the scale and quality of its existing operations. Infill and extensional drilling at the Okvau Go...
Emerald Resources Director Reshapes Equity and Option Holdings
Jul 10, 2026
Emerald Resources NL has reported changes to Director Michael Evans’ holdings, reflecting a restructuring of his mix of options and fully paid ordinary shares. The notice details adjustments across direct and indirect interests, including pe...
State Street Entities Exit Substantial Holder Status in Emerald Resources NL
Jul 10, 2026
Emerald Resources NL has received a notice that State Street Global Advisors Europe Limited and related subsidiaries of State Street Corporation have ceased to be substantial holders in the company. The filing, made under Section 671B of Australia...
Emerald Resources Seeks ASX Quotation for Additional Ordinary Shares
Jul 9, 2026
Emerald Resources NL has applied for the quotation of 882,154 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of July 9, 2026. The additional securities, arising from the exercise of options or conversion o...
Emerald Resources Expands Capital Base Through Cashless Option Exercises
Jul 9, 2026
Emerald Resources has expanded its share capital following the cashless exercise of employee and director options issued under its Incentive Plan, resulting in the issue of 481,196 new shares to employees and 400,958 shares to director Michael Eva...
Emerald Resources Seeks ASX Quotation for Additional Ordinary Shares
Jul 3, 2026
Emerald Resources NL has applied to the Australian Securities Exchange for quotation of 166,835 new ordinary fully paid shares under its EMR ticker. The securities, issued on 3 July 2026 following the exercise or conversion of existing options or ...
Emerald Resources issues new shares following employee option exercises
Jul 3, 2026
Emerald Resources NL has expanded its issued capital following the exercise of employee options under its Incentive Plan, resulting in the issue of 136,305 fully paid ordinary shares from 150,000 unlisted options priced at $1.09 and expiring in Ju...
Emerald Resources locks in MACA for long-term mining at Dingo Range and Okvau
Jul 2, 2026
Emerald Resources has appointed MACA Mining, a Thiess Group subsidiary, as preferred mining services contractor for both its 100% owned Dingo Range Gold Project in Western Australia and the Okvau Gold Mine in Cambodia. The appointment, via execute...
Emerald Resources Grants New Long-Term Employee Options
Jun 29, 2026
Emerald Resources NL has approved the issue of 650,000 unquoted options under its employee incentive scheme, with each option exercisable at $6.88 and expiring on 18 June 2031. The move expands the company’s long-term incentive arrangements ...
Emerald Resources Issues New Employee Options to Support Long-Term Growth
Jun 29, 2026
Emerald Resources NL has issued 650,000 unlisted employee options, exercisable at A$6.88 and expiring in June 2031, under its Securities Incentive Plan. The new options, which are subject to various vesting conditions, adjust the company’s c...
State Street Entities Exit Substantial Holding in Emerald Resources NL
Jun 5, 2026
State Street Corporation and several of its subsidiaries have lodged a notice that they have ceased to be substantial shareholders in Emerald Resources NL. The filing, made under section 671B of the Corporations Act, indicates that these entities ...
Emerald Backs Manda Resources in North Queensland Gold Consolidation and Planned ASX Listing
Jun 3, 2026
Emerald Resources NL has strengthened its strategic expansion plans by backing Manda Resources Ltd, in which it holds a significant stake, to acquire Pacgold Limited’s North Queensland assets and Territory Minerals’ Tregoora and Northc...
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.