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Empire Metals
(LSE:EEE)
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Rating:52Neutral
Price Target:
38.00 p
▼(-21.49% Downside)
Action:Reiterated
Date:08/20/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn), partially offset by a low-debt balance sheet. Technical momentum is a clear positive with price trending above key moving averages, but valuation support is limited given negative earnings and no dividend data.
Positive Factors
Low leverage
Very low leverage reduces near-term financial pressure and leaves more flexibility to fund exploration, absorb setbacks, or pursue project opportunities. A debt-light structure also limits interest burdens and refinancing exposure while the company remains pre-revenue and dependent on external capital.
Negative Factors
No operating revenue
The absence of operating revenue means Empire Metals has not yet demonstrated commercial scale or recurring income from its projects. Until an asset reaches production or another monetization route is established, the company remains reliant on exploration success and continued access to external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage reduces near-term financial pressure and leaves more flexibility to fund exploration, absorb setbacks, or pursue project opportunities. A debt-light structure also limits interest burdens and refinancing exposure while the company remains pre-revenue and dependent on external capital.
Read all positive factors
Empire Metals (EEE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£285.98M
Dividend YieldN/A
Average Volume (3M)2.19M
Price to Earnings (P/E)―
Beta (1Y)0.69
Revenue GrowthN/A
EPS Growth25.71%
CountryUK
Employees7
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding757,559,900
10 Day Avg. Volume1,005,438
30 Day Avg. Volume2,191,512
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 Upside28.10% 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
As an exploration-focused company, Empire Metals does not typically generate recurring operating revenue from selling mined commodities unless it has a producing asset (not confirmed here). Its funding model is generally driven by raising capital ...
Empire Metals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -56.94K | -47.49K | -56.60K | -23.35K | -300.00 | -1.42K |
| EBITDA | -3.95M | -3.50M | -4.13M | -2.24M | ― | -2.33M |
| Net Income | -3.72M | -3.54M | -4.09M | -2.80M | -1.16M | -589.00K |
Balance Sheet | ||||||
| Total Assets | 23.68M | 17.82M | 8.42M | 7.71M | 4.88M | 4.25M |
| Cash, Cash Equivalents and Short-Term Investments | 12.39M | 9.64M | 3.52M | 2.85M | 1.47M | 2.21M |
| Total Debt | 51.06K | 62.51K | 12.43K | 21.38K | 0.00 | 0.00 |
| Total Liabilities | 377.34K | 712.69K | 154.36K | 751.67K | 110.30K | 124.54K |
| Stockholders Equity | 23.30M | 17.10M | 8.26M | 6.95M | 4.77M | 4.13M |
Cash Flow | ||||||
| Free Cash Flow | -3.80M | -3.04M | -4.62M | -1.05M | -2.31M | -2.50M |
| Operating Cash Flow | -3.71M | -2.94M | -3.06M | -998.82K | -972.40K | -990.54K |
| Investing Cash Flow | -5.53M | -3.20M | -1.56M | -1.93M | -1.34M | 793.27K |
| Financing Cash Flow | 15.32M | 12.27M | 5.39M | 4.22M | 1.57M | 118.00K |
Empire Metals Technical Analysis
Negative
48.40
Price Trends
41.03
Negative
38.89
Negative
37.26
Negative
Market Momentum
-1.24
Negative
42.08
Neutral
44.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:EEE, the sentiment is Negative. The current price of 48.4 is above the 20-day moving average (MA) of 37.49, above the 50-day MA of 41.03, and above the 200-day MA of 37.26, indicating a bearish trend. The MACD of -1.24 indicates Negative momentum. The RSI at 42.08 is Neutral, neither overbought nor oversold. The STOCH value of 44.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:EEE.
Empire Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | £247.20M | 4.97 | 22.65% | 4.26% | 109.29% | 219.43% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | £70.16M | -21.93 | -12.79% | ― | ― | 20.51% | |
52 Neutral | £285.98M | -70.58 | -18.41% | ― | ― | 25.71% | |
51 Neutral | £56.08M | -205.00 | 1.39% | ― | 16.31% | ― | |
50 Neutral | £11.17M | ― | -13.40% | ― | ― | ― | |
44 Neutral | £277.32M | -32.09 | -15.54% | ― | ― | -144.97% |
* Basic Materials Sector Average
GB:EEE
Empire Metals
36.70
-17.30
-32.04%
GB:EUA
Eurasia Mining
2.05
-0.90
-30.51%
GB:SLP
Sylvania Platinum
94.00
6.69
7.66%
GB:FMET
Fulcrum Metals Plc
7.00
1.00
16.67%
GB:GMET
Golden Metal Resources Plc
135.00
25.00
22.73%
GB:HEX
Helix Exploration Plc
25.00
-2.00
-7.41%
Empire Metals Corporate Events
Business Operations and Strategy
Empire Metals advances Pitfield titanium project toward premium rutile pigment market
Positive
Sep 24, 2026
Empire Metals has produced an uncoated rutile titanium dioxide pigment from high-grade, in-situ weathered ores at its Pitfield project, using a conventional yet tailored flowsheet dubbed the Empire Process. The naturally low levels of deleterious ...
Business Operations and Strategy
Empire Metals joins Australian critical metals CRC to advance cleaner titanium production
Positive
Sep 16, 2026
Empire Metals has joined the Australian Government‑backed Critical Metals for Critical Industries Cooperative Research Centre, aligning its Pitfield Titanium Project with an industry‑led push to develop next‑generation refining t...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Empire Metals declares Pitfield the world’s largest titanium resource as interim results underline project momentum
Positive
Aug 27, 2026
Empire Metals has reported interim results highlighting rapid progress at its Pitfield Titanium Project in Western Australia, which it now describes as the world’s largest titanium resource. The company has expanded its market reach with a p...
Business Operations and Strategy
Empire Metals Updates Investors After Major Titanium Resource Upgrade at Pitfield
Positive
Aug 24, 2026
Empire Metals has released an updated investor presentation following an upgraded Mineral Resource Estimate at its Pitfield titanium project in Western Australia. The AIM‑quoted and OTCQX‑traded company highlights Pitfield’s unpr...
Business Operations and Strategy
Empire Metals Upgrade Confirms Pitfield as World’s Largest Titanium Resource
Positive
Aug 19, 2026
Empire Metals has announced an upgraded Mineral Resource Estimate at its Pitfield Project in Western Australia, confirming it as the world’s largest titanium resource. The company reports a total resource of 8.16 billion tonnes at 4.3% TiO2,...
Business Operations and StrategyExecutive/Board Changes
Empire Metals bolsters project team to accelerate Pitfield titanium development
Positive
Jul 23, 2026
Empire Metals has strengthened its management team to support rapid advancement of the Pitfield Titanium Project, a globally significant titanium resource strategically located to serve growing demand for critical minerals. The company is building...
Business Operations and StrategyExecutive/Board Changes
Empire Metals unveils performance-linked long-term incentive plan
Positive
Jul 16, 2026
Empire Metals has adopted a new Long-Term Incentive Plan and granted a mix of nil-cost share awards and options to directors, senior management and employees, equal to about 2.67% of its issued share capital. The majority of these awards, includin...
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.