Versamet Royalties (VMET)
Market Price (10/5/2026): $8.46 | Market Cap: $912.0 MilSector: Materials | Industry: Precious Metals & Minerals
Versamet Royalties (VMET)
Market Price (10/5/2026): $8.46Market Cap: $912.0 MilSector: MaterialsIndustry: Precious Metals & Minerals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 404% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 67% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -28% | Weak multi-year price returns2Y Excs Rtn is -47%, 3Y Excs Rtn is -93% | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -102% Key risksVMET key risks include [1] its reliance on the operational success of third-party mining projects and [2] substantial financial leverage, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 404% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 67% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -28% |
| Weak multi-year price returns2Y Excs Rtn is -47%, 3Y Excs Rtn is -93% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -102% |
| Key risksVMET key risks include [1] its reliance on the operational success of third-party mining projects and [2] substantial financial leverage, Show more. |
Qualitative Assessment
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Versamet Royalties (VMET) stock has lost about 30% since 6/30/2026 because of the following key factors:
1. Fiscal Q2 2026 Earnings Missed Analyst Expectations.
Versamet Royalties reported an earnings per share (EPS) of $0.04 for fiscal Q2 2026 on August 13, 2026, which missed analysts' consensus estimates of $0.06 by $0.02. This indicated a shortfall in the company's financial performance relative to market expectations.
2. Significant Insider Selling Activity.
During the last three months, which primarily covers fiscal Q3 2026, insider trading data for Versamet Royalties (VMET.TO) showed a substantial sell transaction of 8,713,000 shares. At recent stock prices, this transaction represents an approximate value of $78 million to $87 million, exceeding the $5 million threshold and potentially signaling a lack of insider confidence.
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Versamet Royalties (VMET) stock has lost about 30% since 6/30/2026 because of the following key factors:
1. Fiscal Q2 2026 Earnings Missed Analyst Expectations.
Versamet Royalties reported an earnings per share (EPS) of $0.04 for fiscal Q2 2026 on August 13, 2026, which missed analysts' consensus estimates of $0.06 by $0.02. This indicated a shortfall in the company's financial performance relative to market expectations.
2. Significant Insider Selling Activity.
During the last three months, which primarily covers fiscal Q3 2026, insider trading data for Versamet Royalties (VMET.TO) showed a substantial sell transaction of 8,713,000 shares. At recent stock prices, this transaction represents an approximate value of $78 million to $87 million, exceeding the $5 million threshold and potentially signaling a lack of insider confidence.
3. Technical Sell Signals and Analyst Downgrade.
The stock experienced technical sell signals, including a drop of 16.87% from a pivot top point on August 25, 2026, through late September. Concurrently, as of September 28, 2026, StockInvest.us downgraded Versamet Royalties to a "Strong Sell Candidate," assigning it a technical score of -5.19, reflecting a bearish outlook from some analytical sources.
4. Underperformance in the Broader Metals and Mining Sector.
Despite the US Metals and Mining industry returning 37.3% over the past year, Versamet Royalties underperformed its sector. This suggests company-specific challenges or factors contributing to its decline, rather than a broad industry downturn.
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Stock Movement Drivers
Fundamental Drivers
The -30.8% change in VMET stock from 6/30/2026 to 10/4/2026 was primarily driven by a -34.9% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10042026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.30 | 8.51 | -30.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 55 | 74 | 34.2% |
| Net Income Margin (%) | 58.4% | 49.9% | -14.6% |
| P/E Multiple | 38.0 | 24.8 | -34.9% |
| Shares Outstanding (Mil) | 100 | 108 | -7.4% |
| Cumulative Contribution | -30.8% |
Market Drivers
6/30/2026 to 10/4/2026| Return | Correlation | |
|---|---|---|
| VMET | -30.8% | |
| Market (SPY) | 3.1% | 49.9% |
| Sector (XLB) | -3.9% | 29.4% |
Fundamental Drivers
The -10.5% change in VMET stock from 3/31/2026 to 10/4/2026 was primarily driven by a -13.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312026 | 10042026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.51 | 8.51 | -10.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 74 | 0.0% |
| Net Income Margin (%) | � | 49.9% | 0.0% |
| P/E Multiple | � | 24.8 | 0.0% |
| Shares Outstanding (Mil) | 93 | 108 | -13.9% |
| Cumulative Contribution | 0.0% |
Market Drivers
3/31/2026 to 10/4/2026| Return | Correlation | |
|---|---|---|
| VMET | -10.5% | |
| Market (SPY) | 18.6% | 41.2% |
| Sector (XLB) | -1.9% | 36.5% |
Fundamental Drivers
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Market Drivers
9/30/2025 to 10/4/2026| Return | Correlation | |
|---|---|---|
| VMET | ||
| Market (SPY) | 16.5% | 34.5% |
| Sector (XLB) | 10.5% | 24.4% |
Fundamental Drivers
nullnull
Market Drivers
9/30/2023 to 10/4/2026| Return | Correlation | |
|---|---|---|
| VMET | ||
| Market (SPY) | 86.2% | 34.5% |
| Sector (XLB) | 31.2% | 24.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VMET Return | - | - | - | - | - | -8% | -8% |
| Peers Return | 407% | -30% | 8% | 62% | 88% | -22% | 798% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| VMET Win Rate | - | - | - | - | - | 44% | |
| Peers Win Rate | 35% | 41% | 50% | 43% | 67% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| VMET Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -60% | -70% | -46% | -44% | -46% | -48% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LODE, PLG, TFPM, PPTA, SLSR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/2/2026 (YTD)
How Low Can It Go
VMET has limited trading history. Below is the Materials sector ETF (XLB) in its place.
| Event | XLB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.0% | -18.8% |
| % Gain to Breakeven | 20.5% | 23.1% |
| Time to Breakeven | 84 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.5% | -9.5% |
| % Gain to Breakeven | 14.3% | 10.5% |
| Time to Breakeven | 52 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.5% | -24.5% |
| % Gain to Breakeven | 30.7% | 32.4% |
| Time to Breakeven | 456 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.2% | -33.7% |
| % Gain to Breakeven | 56.8% | 50.9% |
| Time to Breakeven | 114 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -18.3% | -19.2% |
| % Gain to Breakeven | 22.4% | 23.8% |
| Time to Breakeven | 101 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -17.9% | -12.2% |
| % Gain to Breakeven | 21.7% | 13.9% |
| Time to Breakeven | 52 days | 62 days |
In The Past
State Street Materials Select Sector SPDR ETF's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
VMET has limited trading history. Below is the Materials sector ETF (XLB) in its place.
| Event | XLB | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -23.5% | -24.5% |
| % Gain to Breakeven | 30.7% | 32.4% |
| Time to Breakeven | 456 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.2% | -33.7% |
| % Gain to Breakeven | 56.8% | 50.9% |
| Time to Breakeven | 114 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -23.8% | -6.8% |
| % Gain to Breakeven | 31.2% | 7.3% |
| Time to Breakeven | 171 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -28.2% | -17.9% |
| % Gain to Breakeven | 39.3% | 21.8% |
| Time to Breakeven | 459 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -56.6% | -53.4% |
| % Gain to Breakeven | 130.3% | 114.4% |
| Time to Breakeven | 701 days | 1085 days |
In The Past
State Street Materials Select Sector SPDR ETF's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Versamet Royalties (VMET)
Versamet Royalties Corporation (VMET) operates as a metals royalty and streaming company, providing investors with a unique way to gain exposure to the mining sector. Rather than directly engaging in mining operations, the company focuses on acquiring and managing royalty and streaming interests. These interests grant Versamet Royalties a future share of production or revenue from a mine, without the capital expenditures and operational risks typically associated with running a mine.
The company's portfolio is diversified across a range of important metals, including silver, gold, copper, graphite, lead, uranium, zinc, and molybdenum. This broad exposure allows Versamet Royalties to capitalize on various commodity markets. Its investments span multiple continents, with interests in mining operations and projects located in Peru, the United States, Africa, and Canada. This geographical diversification helps to mitigate regional risks and broaden its opportunity set.
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Here are 1-3 brief analogies for Versamet Royalties (VMET):
- The Franco-Nevada of diversified metals royalties.
- Like a Real Estate Investment Trust (REIT) for the mining industry, collecting royalties on metal production instead of rent on properties.
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- Metal Royalties: Financial interests that provide Versamet Royalties with a percentage of the revenue or production from a mining operation.
- Metal Streams: Agreements that grant Versamet Royalties the right to purchase a portion of a mine's future metal production at a predetermined, often discounted, price.
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Based on the provided company description, Versamet Royalties Corporation (VMET) operates as a metals royalty and streaming company. Its core business involves acquiring and managing royalties, streams, and similar interests on metals and mining operations and projects.
In this business model, Versamet Royalties does not typically have "major customers" in the traditional sense of selling products or services directly to other companies or individuals. Instead, its revenue is primarily generated from:
- Royalty Payments: These are received from the mining companies that operate the underlying mining projects, based on a percentage of their revenue or production. In this context, the mining companies are the source of Versamet's revenue, rather than customers purchasing goods or services from Versamet.
- Sale of Streamed Metals: Through streaming agreements, Versamet may acquire physical metals (e.g., silver, gold, copper, etc.) at a pre-agreed price. While these metals would subsequently be sold, typically to metal refiners, traders, or large industrial users, the company description does not identify this as its primary activity or list specific major customer companies for these sales. The focus of the description is on the acquisition and management of the royalty and streaming interests.
Therefore, Versamet Royalties is primarily an investment vehicle in the mining sector, deriving its income from its asset portfolio rather than direct sales to major customers.
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Dan O'Flaherty, CEO and Director
Dan O'Flaherty co-founded and served as CEO of Maverix Metals Inc., which was sold to Triple Flag Precious Metals Corp in 2022 for over US$700 million. He also previously held the position of Executive Vice President of Corporate Development at Esperanza Resources, which Alamos Gold acquired in 2013. With 20 years of experience in investment banking and as an Executive Officer in the mining industry, he was formerly a director in the investment banking team of Scotia Capital in Vancouver, specializing in M&A, divestitures, mergers, hostile takeover defenses, and equity and debt financings in the metals and mining sector.
Victoria McMillan, CFO
Victoria McMillan brings over 20 years of financial expertise, primarily in the mining and royalty sectors, where she has managed financial reporting, regulatory, treasury, tax, and risk management. Her career includes various finance roles at two mid-tier gold mining companies, where she contributed to mergers and acquisitions, a U.S. listing, and the establishment and management of gold sales functions. She also serves as a director on the board of Lundin Mining and completed a four-year term from 2021-2024 as a director on the board of BC Hydro, chairing its Audit and Finance Committee. Earlier in her career, she spent eight years with PwC in London and Vancouver as a senior manager within the assurance practice.
Paul Jones, President
Paul Jones has more than 20 years of experience in the mining sector. Before joining Versamet, he was the Senior Vice President of Corporate Development for Alexco Resource Corp. until its acquisition by Hecla Mining. He also served as Senior Vice President of Corporate Development for Alio Gold prior to its sale to Argonaut Gold. His background includes roles of increasing responsibility in operations, financial planning and analysis, investor relations, and business development for Capstone Mining (now Capstone Copper).
Chris Haubrich, VP, Corporate Development
Chris Haubrich possesses over 15 years of experience in the mining industry, covering corporate finance, M&A, capital raising, engineering studies, operations, investor relations, and public company management. Prior to his tenure at Versamet, he served as Chief Financial Officer and Vice President, Business Development at PureGold Mining, and as Vice President, Investment Banking at National Bank Financial.
Diego Airo, EVP, Project Evaluation
Before joining Versamet, Diego Airo was the Director of Project Evaluations at Maverix Metals Inc. until its acquisition by Triple Flag Precious Metals Corp. He has also held various leadership, technical, and operational roles at Capstone Mining Corp. (now Capstone Copper Corp.) and Kinross Gold Corporation, spanning multiple continents and commodities.
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Key Risks to Versamet Royalties (VMET):
- Reliance on the Performance and Operational Stability of Underlying Mining Projects: Versamet Royalties' financial performance is directly dependent on the successful operation and continuous production of the third-party mines from which it derives royalties and streams. Any disruptions, delays, operational challenges, or eventual cessation of production at these underlying mining projects, whether due to geological issues, technical difficulties, labor disputes, regulatory changes, or political instability in regions like Peru, the United States, Africa, or Canada, would directly and negatively impact Versamet's revenue and cash flow.
- Commodity Price Volatility: As a metals royalty and streaming company, Versamet Royalties is highly exposed to the fluctuations in the global prices of the various metals in which it holds interests, including silver, gold, copper, graphite, lead, uranium, zinc, and molybdenum. A sustained decline in the spot prices of these commodities would directly reduce the revenue generated from its royalties and the value of metals received through streaming agreements, thereby impacting the company's profitability and overall financial health.
- Concentration Risk: Versamet Royalties relies on a concentrated set of royalty sources. This concentration means that if a significant portion of its revenue is generated from a limited number of mines or royalty agreements, the company becomes particularly vulnerable to any adverse events affecting those specific assets. The underperformance or failure of even a single major underlying project could have a disproportionately severe and adverse impact on Versamet's financial results and operational continuity.
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Versamet Royalties (VMET) is a metals royalty and streaming company with interests in various metals. The addressable markets for their main products (metals) are as follows:
- Gold: The global gold market size was valued at approximately USD 249.5 billion in 2025 and is projected to reach USD 263.97 billion by 2026. Other sources indicate a global market size of USD 1308.43 billion in 2026. In terms of volume, the global gold market stood at 4,890.0 tons in 2025 and is expected to grow to 5,118.1 tons in 2026.
- Silver: The global silver market size was valued at USD 95.71 billion in 2025 and is projected to grow to USD 105.15 billion in 2026. Another estimate places the global silver market size at USD 21.91 billion in 2025 and USD 22.64 billion in 2026. In terms of volume, the silver market is expected to grow from 37.78 kilotons in 2025 to 39.53 kilotons in 2026.
- Copper: The global copper market size was valued at USD 248.2 billion in 2025 and is projected to grow to USD 260.2 billion in 2026. Another source estimates the global copper market size at USD 366.25 billion in 2026. In terms of volume, the copper market size in 2026 is estimated at 27.34 million tons.
- Graphite: The global graphite market size was valued at USD 8.33 billion in 2025 and is projected to grow to USD 8.89 billion in 2026. Other reports indicate a global market size of USD 13.3 billion in 2025, growing to USD 14.1 billion in 2026, and another at USD 30.50 billion in 2025, reaching USD 33.09 billion in 2026. The global natural graphite market was valued at USD 2.9 billion in 2024.
- Lead: The global lead market size was valued at USD 29.9 billion in 2025 and is estimated to reach USD 31.2 billion in 2026. Other estimates place the global lead market size at USD 17.06 million m² in 2025, growing to USD 17.64 million m² in 2026, and USD 23.55 billion in 2025, reaching USD 24.93 billion in 2026. In terms of volume, the lead market is expected to grow from 16.74 million tons in 2025 to 17.08 million tons in 2026.
- Uranium: The global uranium market is projected to reach USD 5.3-5.7 billion by 2025. The global uranium enrichment market size was valued at USD 15.72 billion in 2025 and is projected to grow to USD 17.36 billion in 2026. The uranium ore market size was USD 0.74 billion in 2025 and is expected to grow to USD 0.78 billion in 2026.
- Zinc: The global zinc market size reached USD 38,200 million in 2025 and is projected to grow to USD 38,854 million in 2026. In terms of volume, the zinc market size was 13.78 million tons in 2025 and is estimated to grow to 13.93 million tons in 2026. The global zinc chemical market size was worth around USD 10.05 billion in 2024.
- Molybdenum: The global molybdenum market size was valued at USD 5.03 billion in 2025 and is projected to grow to USD 5.30 billion in 2026. Other reports indicate a global market size of USD 5.98 billion in 2025, growing to USD 6.21 billion in 2026, and USD 4.96 billion in 2025, growing to USD 5.23 billion in 2026. In terms of volume, the global molybdenum market size reached 6.00 thousand tons in 2025.
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Here are 3-5 expected drivers of future revenue growth for Versamet Royalties (VMET) over the next 2-3 years:
- Contributions from the Eskay Creek Gold Stream: The transformative acquisition of a 3.52% uncapped gold stream on the Eskay Creek gold-silver project in British Columbia, Canada, is a significant near-term driver. This project is currently under construction, with production expected to commence in mid-2027. It is projected to materially increase Versamet's attributable production by approximately 10,000 gold equivalent ounces (GEOs) annually once it reaches full capacity, contributing to an expected annual attributable production run rate of approximately 35,000 GEOs.
- Production Ramp-ups and Expansions at Existing Royalty and Stream Assets: Several of Versamet's existing assets are expected to drive revenue growth through increased production and expansions. Notable examples include the RP2.0 expansion at the Rosh Pinah Zinc mine in Namibia, targeting a near doubling of throughput to be completed in the second half of 2026 and expected to contribute approximately 5,000 GEOs in 2026. Additionally, the Greenstone gold stream continues to show increased mining and milling rates. The Kolpa copper stream is undergoing a plant expansion expected to be completed in Q1 2026, increasing capacity. The Kiaka gold project is on track for its first gold pour in Q3 2025, and production from the Toega gold deposit is expected to begin in late 2026 or early 2027.
- Strategic Accretive Acquisitions: Versamet Royalties has a stated strategy of pursuing accretive acquisitions to grow its portfolio. The company's strong financial position, as evidenced by significant revenue generation in the first half of 2026, positions it well to continue acquiring high-quality royalties, streams, and other similar interests, thereby expanding its asset base and future cash flows.
- Development of Pipeline Projects: Beyond the immediate ramp-ups and acquisitions, Versamet has longer-term projects in its pipeline that are expected to contribute to future revenue growth. For instance, the El Pilar copper oxide project in Northern Mexico is slated to begin construction in the first quarter of 2027, with production anticipated in the second half of 2029, and is expected to have a 20-year mine life. The company also holds interests in significant undeveloped projects like Hackett River, a large silver VMS project in Canada, which could provide substantial revenue once in production.
- Favorable Commodity Price Environment: While an external factor, strong commodity prices for precious and base metals directly enhance the revenue generated from Versamet's royalty and streaming interests. The company has cited strong commodity prices as a driver for its record operating and financial results in recent quarters, and a sustained favorable pricing environment would continue to positively impact its revenue growth.
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Share Issuances
- In May 2022, as Sandbox Royalties (then Rosedale Resources Ltd.), the company issued 58.9 million common shares to Sandstorm Gold and 51.9 million common shares to Equinox Gold at C$0.70 per share as part of acquiring royalty portfolios.
- In October 2023, Sandbox Royalties issued approximately 7.9 million common shares to Beedie Capital and approximately 34.6 million common shares to Regal Funds Management, both at C$0.70 per share, as part of larger investment and funding arrangements.
- In June 2024, Versamet (then Sandbox Royalties) issued approximately 153.2 million common shares to B2Gold at C$0.80 per share as consideration for acquiring a portfolio of 10 royalties.
Inbound Investments
- In May 2022, Sandbox Royalties was created with investments from Sandstorm Gold and Equinox Gold totaling $93.4 million (through common shares and a convertible promissory note).
- In October 2023, Sandbox Royalties secured US$40 million from Regal Funds Management and US$20 million from Beedie Capital (including a US$16 million convertible loan and a US$4 million equity subscription).
- In February 2026, Versamet Royalties received CAD 21.66604 million in funding from Tether Investments, S.A. De C.V. through the issuance of 1,575,712 common shares.
Outbound Investments
- In October 2023, Sandbox Royalties committed US$100 million for the acquisition of three royalty and streaming assets, including a US$75 million Gold Purchase Agreement for the Greenstone mine and a US$25 million Asset Purchase Agreement for royalties on the El Pilar and Blackwater projects.
- In June 2024, Versamet acquired a portfolio of 10 precious and base metals royalties from B2Gold Corp. for approximately US$90 million in share consideration.
- In April 2026, Versamet Royalties completed the acquisition of a cornerstone Canadian gold stream on the Eskay Creek gold-silver project.
Peer Outperformance in Precious Metals & Minerals
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Copper | 7 | 68.4% | 126.6% | 186.0% | TGB 357% · SCCO 351% · HBM 341% |
| Steel | 13 | 22.0% | 34.9% | 161.9% | NWPX 333% · STLD 321% · FRD 257% |
| Silver | 6 | 48.9% | 350.3% | 153.1% | AYA 284% · HL 228% · SVM 190% |
| Gold | 35 | 9.4% | 202.9% | 150.5% | IAG 712% · CNL 538% · OGC 436% |
| Aluminum | 3 | 22.6% | 152.1% | 60.0% | CENX 144% · KALU 60% · AA -10% |
| Construction Materials | 7 | -28.6% | 17.5% | 47.6% | USLM 378% · CRH 89% · VMC 49% |
| Diversified Metals & Mining | 23 | -47.7% | -8.5% | 9.1% | ATLX 172043% · USAR 45504% · FMST 578% |
| Metal, Glass & Plastic Containers | 11 | -12.7% | 0.7% | -2.7% | KRT 282% · MYE 81% · GEF 43% |
| Paper & Plastic Packaging Products & Materials | 7 | 7.4% | 4.4% | -8.9% | PKG 87% · CCK 10% · SON -3% |
| Specialty Chemicals | 41 | 11.2% | 4.7% | -18.1% | ODC 481% · NEU 193% · CMT 100% |
| Diversified Chemicals | 4 | -4.1% | -24.3% | -31.0% | CBT 66% · ASH -15% · CC -47% |
| Precious Metals & Minerals ← | 8 | 1.9% | 183.1% | -31.8% | ASM 589% · PPTA 313% · MTA 32% |
| Commodity Chemicals | 12 | -2.0% | -16.8% | -34.8% | HWKN 273% · KOP 49% · MEOH 22% |
| Fertilizers & Agricultural Chemicals | 10 | -42.5% | -53.6% | -65.2% | CF 111% · NTR 21% · IPI -1% |
| Paper Products | 4 | -35.9% | -53.6% | -73.1% | SLVM 44% · CLW -50% · ITP -96% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 7.79 |
| Mkt Cap | 1.1 |
| Rev LTM | 1 |
| Op Inc LTM | -16 |
| FCF LTM | -27 |
| FCF 3Y Avg | -7 |
| CFO LTM | 9 |
| CFO 3Y Avg | -4 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 50.7% |
| Rev Chg 3Y Avg | 253.9% |
| Rev Chg Q | 37.3% |
| QoQ Delta Rev Chg LTM | 7.7% |
| Op Inc Chg LTM | 21.5% |
| Op Inc Chg 3Y Avg | 3.5% |
| Op Mgn LTM | 39.1% |
| Op Mgn 3Y Avg | -1,047.2% |
| QoQ Delta Op Mgn LTM | 2.4% |
| CFO/Rev LTM | 67.0% |
| CFO/Rev 3Y Avg | -655.9% |
| FCF/Rev LTM | -102.0% |
| FCF/Rev 3Y Avg | -1,060.8% |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.17 | 2.49 | 2.65 | 2.30 | 0.38 | 0.09 |
| Up Beta | -1.34 | 1.30 | 2.31 | 1.08 | -1.08 | 0.32 |
| Down Beta | 7.20 | 4.41 | 2.84 | 2.39 | 1.74 | 0.12 |
| Up Capture | 139% | 269% | 200% | 297% | 178% | 16% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 7 | 19 | 27 | 55 | 81 | 81 |
| Down Capture | 327% | 274% | 326% | 253% | 145% | 83% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 15 | 22 | 36 | 70 | 100 | 100 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VMET | |
|---|---|---|---|---|
| VMET | -12.8% | 71.8% | 0.03 | - |
| Sector ETF (XLB) | 11.7% | 17.9% | 0.46 | 24.4% |
| Equity (SPY) | 16.2% | 13.0% | 0.88 | 34.5% |
| Gold (GLD) | 6.8% | 29.6% | 0.22 | 29.6% |
| Commodities (DBC) | 44.9% | 20.8% | 1.67 | -10.4% |
| Real Estate (VNQ) | 1.5% | 13.6% | -0.15 | 14.1% |
| Bitcoin (BTCUSD) | -28.9% | 44.3% | -0.64 | 29.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VMET | |
|---|---|---|---|---|
| VMET | -2.7% | 71.8% | 0.03 | - |
| Sector ETF (XLB) | 5.8% | 19.1% | 0.19 | 24.4% |
| Equity (SPY) | 13.1% | 17.2% | 0.58 | 34.5% |
| Gold (GLD) | 18.4% | 18.9% | 0.79 | 29.6% |
| Commodities (DBC) | 10.3% | 19.6% | 0.41 | -10.4% |
| Real Estate (VNQ) | 0.7% | 18.8% | -0.07 | 14.1% |
| Bitcoin (BTCUSD) | 14.6% | 52.2% | 0.45 | 29.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VMET | |
|---|---|---|---|---|
| VMET | -1.4% | 71.8% | 0.03 | - |
| Sector ETF (XLB) | 9.6% | 20.7% | 0.41 | 24.4% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 34.5% |
| Gold (GLD) | 11.5% | 16.4% | 0.57 | 29.6% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | -10.4% |
| Real Estate (VNQ) | 4.2% | 20.7% | 0.16 | 14.1% |
| Bitcoin (BTCUSD) | 64.1% | 66.2% | 1.04 | 29.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Investor Activity (13F)
Updated Oct 5, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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