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TMCR

The Metals Royalty Company Inc. Common Stock (TMCR) fair value

Basic Materials · Other Industrial Metals & Mining · NASDAQ · United States
$2.12-3.64%
Market cap $148MNext earnings 2026-11-09Updated Oct 24, 2026
Add earnings to calendarGoogle
Our verdict
Trades 393% above our fair value
Price
$2.12
Model fair valueConfidence: low
about $0.43
Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Treated as a pre-revenue company. None of the usual models had enough data, so this uses Net asset value, Discounted cash flow, Graham number, and Price to FFO instead.
ACCE opinionThe Metals Royalty Company Inc. Common Stock (TMCR)
Fair value (2 models)
Not available
ACCE price target
$2.60
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $2.12 at the close on 23 Oct 2026, 22:00 CEST.
Models: Net asset value, Discounted cash flow, Graham number, and Price to FFO.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
27
out of 100
Analysts
100% buy
2 covering
P/E
0.0x
forward 0.0x
Dividend yield
0.00%

The Metals Royalty Company Inc. Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

The Metals Royalty Company (TMCR) holds royalty interests on mining properties, which means it collects a share of production revenue without carrying the capital and operating costs of running the mines. The data we have is thin: trailing and forward P/E and revenue growth all read 0.0%, and ROE is -26.0%, so the reported financials give little to underwrite yet. The structure is the appeal in principle, since royalty models typically carry high margins and low overhead once a stream is established, but none of that shows up in the numbers we were given. With a $154M market cap, no index membership and a 27/100 score, the name sits well outside what we would normally consider for a concentrated book. It merits a look only if the royalty portfolio and its producing assets can be verified independently, and a reader should confirm the revenue base before spending more time here.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
  • high
    Negative free cash flow
    Free cash flow is -$3.25M with ROE at -26.0% and no reported revenue growth, so the business is burning cash without a visible earnings base to fund it.
  • moderate
    Weak quality score
    The ACCE score sits at 27/100, with quality at 27 and margins at 15, leaving little fundamental support for the current $200M market cap.

AI research notes

AI-assisted·How I use AIWritten Oct 13, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • The average analyst target sits 316.7% above the current share price, implying wide room for a rerating if the thesis plays out.
  • Debt is modest against equity, with debt to equity at 0.35, so the balance sheet is not stretched.
Why it could disappoint
  • Free cash flow over the last twelve months was negative at -$3M, so the business is consuming cash rather than generating it.
  • Return on equity of -26.0% shows shareholders' capital is currently being eroded rather than compounded.
  • The latest quarter missed expectations, with earnings per share of -0.12 against -0.09 forecast, a 33.3% shortfall.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Nov 9, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where TMCR's valuation models land
Price
$2.12
Model fair valueConfidence: low
about $0.43
Model
Fair value
Upside
Net asset value
Discounted cash flow
Graham number
Price to FFO
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bullish100% buy · 2 covering analysts
● Strong buy 1● Buy 1● Hold 0● Sell 0● Strong sell 0
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+3.9%
1 month
-52.0%
3 months
-63.9%
6 months
-85.3%
YTD
no data
1 year
no data

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
15 Oct 2026, 00:00 CESTACCE price target$2.60first publication$2.67
2 Oct 2026, 00:00 CESTFair value$0.23$0.23$3.85
29 Sept 2026, 00:00 CESTFair value$0.23$0.23$4.07
27 Sept 2026, 00:00 CESTFair value$0.23$0.24$4.07
25 Sept 2026, 00:00 CESTFair value$0.24$0.25$4.42
22 Sept 2026, 00:00 CESTFair value$0.25$0.25$4.79
20 Sept 2026, 00:00 CESTFair value$0.25$0.25$4.79
15 Sept 2026, 00:00 CESTFair value$0.25$0.25$5.65
13 Sept 2026, 00:00 CESTFair value$0.25$0.24$5.65
11 Sept 2026, 00:00 CESTFair value$0.24$0.25$5.67

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth43Value23Quality27Momentum15Total27
Valuation
Trailing P/E
0.0x
Forward P/E
0.0x
PEG
no data
P/B
2.64x
EV / Revenue
0.0x
Book value/sh
$1.95
Enterprise value
$345M
Profitability
ROE
-26.0%
FCF yield
-2.19%
ROIC
2.9%
Health and risk
Debt / equity
0.35
Dividend yield
0.00%
Beta
no data

Price

-84.9% · 1Y

Ask anything about TMCR

Answered from The Metals Royalty Company Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 100% of peers
low 0.0x0.0xhigh 21.3x
ROEbetter than 0% of peers
low -26%-26%high 123%
Div yieldbetter than 50% of peers
low 0.0%0.0%high 5.6%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
TMCR The Metals Royalty Company Inc. Common Stock$2.12----26.0%2727
VISC.ST Gruvaktiebolaget Viscariakr 18.26----5.2%4742
MOLYMET.SN MolymetCLP 10501.00--11.9x13.5%4967
DRR.AX Deterra Royalties LimitedA$3.83A$520% below12.4x122.9%9153
LTR.AX Liontown LimitedA$0.64A$14% above21.3x9.0%6251
ILU.AX Iluka Resources LimitedA$4.96----18.0%3524
NIC.AX Nickel Industries LimitedA$0.65A$151% below-0.3%4752

Sector report card

Where TMCR ranks against its sector peers on each metric.

Computing percentiles…
  • GlobeNewswire•Sep 4, 2026
    Diamond Equity Research Releases Update Note on The Metals Royalty Company Inc. (Nasdaq:TMCR)
  • GlobeNewswire•Aug 13, 2026
    TMC Provides Second Quarter 2026 Corporate Update
  • TMX Newsfile•Jun 3, 2026
    Surge Battery Metals Announces Strategic Funding to Fast Track the Nevada North Lithium Project, Co-Led by Brian Paes-Braga and Michael Hess
3 more press releases · full archive on Investor+.INVESTOR
17 filings
August 2026
Aug 26
6-KForeign current reportPeriod 2026-08-26
View on SEC →
Aug 26
Form 4Insider transactionPeriod 2026-08-24
View on SEC →
Aug 24
6-KForeign current reportPeriod 2026-08-24
View on SEC →
14 more filings + AI summaries on Investor+.INVESTOR