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Emerita Resources
(EMO)
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Rating:43Neutral
Price Target:
C$0.26
▼(-34.75% Downside)
Action:Reiterated
Date:10/31/26
The score is driven primarily by weak financial performance (no meaningful revenue, persistent losses, and negative operating cash flow), partially offset by currently modest leverage. Technicals add further pressure given the clear downtrend (price below key moving averages and negative MACD), while valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Modest current leverage
Current leverage is modest, so the company is not heavily debt-funded and has less interest-related pressure than a highly leveraged explorer. This provides some financial flexibility while Emerita advances its projects, although it does not remove the need for future financing.
Negative Factors
No operating revenue
The absence of operating revenue means Emerita has not demonstrated a commercial production base or recurring sales stream. Its ability to fund exploration and corporate costs therefore depends on external financing or future project monetization rather than internally generated operating income.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest current leverage
Current leverage is modest, so the company is not heavily debt-funded and has less interest-related pressure than a highly leveraged explorer. This provides some financial flexibility while Emerita advances its projects, although it does not remove the need for future financing.
Read all positive factors
Emerita Resources (EMO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$80.09M
Dividend YieldN/A
Average Volume (3M)192.83K
Price to Earnings (P/E)―
Beta (1Y)1.37
Revenue GrowthN/A
EPS Growth4.74%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.05
Shares Outstanding296,623,960
10 Day Avg. Volume251,224
30 Day Avg. Volume192,834
Financial Highlights & Ratios
PEG Ratio3.78
Price to Book (P/B)5.70
Price to Sales (P/S)0.00
P/FCF Ratio-83.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Emerita Resources Business Overview & Revenue Model
Company Description
Emerita Resources Corp. operates as a natural resources firm primarily engaged in acquiring, investigating, and advancing mineral sites, with its main operations concentrated in Spain. The company's key exploration efforts are directed towards ide...
How the Company Makes Money
As a pre-revenue mineral exploration company, Emerita Resources’ ability to generate operating revenue from product sales is null because it does not have publicly confirmed producing mining operations selling metals. In this stage of the mining l...
Emerita Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
56
Neutral
Cash Flow
25
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 | 9.58M | 0.00 |
| Gross Profit | -151.56K | -132.51K | -9.38M | -16.47M | -14.67K | -4.90K |
| EBITDA | -12.27M | -10.52M | -13.21M | -21.46M | -20.69M | -17.23M |
| Net Income | -14.13M | -12.51M | -12.93M | -21.49M | -20.71M | -17.23M |
Balance Sheet | ||||||
| Total Assets | 75.17M | 79.90M | 13.36M | 13.27M | 22.62M | 27.42M |
| Cash, Cash Equivalents and Short-Term Investments | 9.13M | 27.25M | 10.96M | 9.80M | 20.18M | 26.78M |
| Total Debt | 9.00M | 7.79M | 5.74M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 10.53M | 9.19M | 8.09M | 1.58M | 1.84M | 1.21M |
| Stockholders Equity | 64.65M | 70.71M | 5.27M | 11.69M | 20.78M | 26.21M |
Cash Flow | ||||||
| Free Cash Flow | 352.29K | -4.83M | -11.62M | -21.16M | -12.62M | -4.29M |
| Operating Cash Flow | -7.94M | -4.70M | -11.44M | -21.07M | -12.29M | -4.28M |
| Investing Cash Flow | -16.32M | -12.75M | -129.65K | -61.98K | -555.43K | -79.22K |
| Financing Cash Flow | 25.24M | 33.80M | 12.72M | 10.81M | 6.18M | 30.36M |
Emerita Resources Technical Analysis
Negative
0.40
Price Trends
0.35
Negative
0.35
Negative
0.40
Negative
Market Momentum
-0.02
Positive
31.99
Neutral
32.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EMO, the sentiment is Negative. The current price of 0.4 is above the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.35, and above the 200-day MA of 0.40, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 31.99 is Neutral, neither overbought nor oversold. The STOCH value of 32.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:EMO.
Emerita Resources Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$119.78M | -79.75 | -1.28% | ― | ― | 98.58% | |
45 Neutral | C$74.88M | -17.03 | -17.29% | ― | ― | 2.55% | |
44 Neutral | C$130.60M | -14.79 | -7.44% | ― | ― | -91.98% | |
43 Neutral | C$80.09M | -5.59 | -20.67% | ― | ― | 4.74% | |
43 Neutral | C$182.42M | -57.29 | -14.14% | ― | ― | -89.66% |
* General Sector Average
TSE:EMO
Emerita Resources
0.27
-1.19
-81.51%
TSE:LAM
Laramide Resources
0.46
-0.25
-35.21%
TSE:NCF
Northcliff Resources
0.28
0.09
44.74%
TSE:FURY
Fury Gold Mines
0.63
-0.18
-22.22%
TSE:DMX
District Metals
0.39
-1.02
-72.34%
Emerita Resources Corporate Events
Business Operations and StrategyFinancial Disclosures
Emerita PFS Confirms Strong Economics for Iberian Belt West Mine in Spain
Positive
Oct 30, 2026
Emerita Resources has released a pre-feasibility study for its Iberian Belt West project in Spain, confirming the technical and economic viability of a high-grade underground polymetallic mine. The study outlines an initial probable mineral reserv...
Business Operations and StrategyExecutive/Board Changes
Emerita Tightens Review of Iberian Belt West Feasibility Study
Positive
Sep 30, 2026
Emerita Resources has reported that its Preliminary Feasibility Study for the Iberian Belt West Project is well advanced and has entered a final review phase under its recently refreshed board and a new technical committee of independent directors...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Emerita refreshes board to bolster mining and legal expertise
Positive
Sep 16, 2026
Emerita Resources has reshaped its board of directors, appointing veteran mining analyst Oscar Cabrera and corporate legal specialist Peter McRae as directors effective September 16, 2026. The appointments are intended to strengthen the company...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Emerita Faces Governance Scrutiny as Shareholders Challenge Directors and Stock Option Plan
Negative
Aug 25, 2026
Emerita Resources has reported the results of its annual general and special meeting, where shareholders approved the appointment of auditors and elected six directors, though three nominees received more withheld than supporting votes, triggering...
Business Operations and StrategyPrivate Placements and Financing
Emerita wins EU-backed Andalusian grant to advance IBW metallurgical R&D
Positive
Aug 17, 2026
Emerita Resources has secured a €108,877 research and development grant from the Andalusian regional government’s TRADE agency, co-financed by the European Union, to support metallurgical innovation at its wholly owned Iberian Belt Wes...
Business Operations and StrategyLegal Proceedings
Emerita Defends Falcon Litigation Strategy Amid Activist Withhold Campaign
Neutral
Aug 14, 2026
Emerita Resources is pushing back against a withhold campaign led by activist investor PM Super Fund, arguing that the board has already taken the key step demanded by the activist by launching a civil claim tied to the Falcon Project. The company...
Business Operations and StrategyExecutive/Board ChangesLegal ProceedingsShareholder Meetings
Emerita Urges Support for Full Board Slate Amid Activist Withhold Campaign
Negative
Aug 12, 2026
Emerita Resources is urging shareholders to back all six of its director nominees at the August 25 annual meeting, rejecting a withhold campaign led by PM Super Fund that targets three board members. The company argues that the campaign would caus...
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.