Summit Royalties (SUM) 주식 개요는 귀금속 스트리밍 및 로열티 회사로 운영되고 있습니다. 자세히 보기SUM 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장2/6과거 실적2/6재무 건전성6/6배당0/6강점공정 가치 추정치보다 낮은 68.7% 에서 거래수익은 연간 26.46% 증가할 것으로 예상됩니다.지난 1년간 수익이 864.7% 증가했습니다.위험 분석높은 수준의 비현금 수입수익이 USD$1m 미만입니다($651K)의미 있는 시가총액이 없습니다(CA$100M)3년 미만의 재무 데이터만 이용 가능합니다.모든 위험 점검 보기SUM Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW498,716 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG498,716 investors already sharing narrativesYour Fair ValueCA$Current PriceCA$1.3955.2% 저평가 내재 할인율Est. Revenue$PastFuture013m2016201920222025202620282031Revenue US$2.1mEarnings US$12.8mAdvancedSet Fair ValueView all narrativesSummit Royalties Ltd. 경쟁사Empress RoyaltySymbol: TSXV:EMPRMarket cap: CA$120.2mLucara DiamondSymbol: TSX:LUCMarket cap: CA$246.0mSierra Madre Gold and SilverSymbol: TSXV:SMMarket cap: CA$308.9mSteppe GoldSymbol: TSX:STGOMarket cap: CA$354.0m가격 이력 및 성과Summit Royalties 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가CA$1.3952주 최고가CA$1.9052주 최저가CA$1.10베타01개월 변동-4.14%3개월 변동-7.33%1년 변동n/a3년 변동n/a5년 변동n/aIPO 이후 변동6.11%최근 뉴스 및 업데이트공시 • Jul 04Summit Royalties Ltd. (TSXV:SUM) completed the acquisition of Star Royalties Ltd. (TSXV:STRR).Summit Royalties Ltd. (TSXV:SUM) entered into an arrangement agreement to acquire Star Royalties Ltd. (TSXV:STRR) for CAD 48.1 million on March 16, 2026. Assuming completion of the Transaction, holders ("Star Shareholders") of common shares of Star ("Star Shares") are entitled to receive 0.360 (the "Exchange Ratio") of a common share of Summit (each a "Summit Share") in exchange for each Star Share held immediately prior to the effective time of the Transaction (the "Consideration"). The Consideration implies a value of CAD 0.60 per Star Share based on the Exchange Ratio Upon completion of the Transaction, existing holders of Summit Shares and Star Shareholders are expected to own approximately 72% and 28%, respectively, of the pro forma company on a fully-diluted in-the-money basis. The Transaction is expected to be affected by way of a court-approved plan of arrangement under the Canada Business Corporations Act. The Transaction will require the approval of at least (i) 66 2/3% of votes cast by Star Shareholders, and (ii) a simple majority of the votes cast by Star Shareholders after excluding the votes of certain interested parties in the Transaction in accordance with Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions. Star will seek these approvals at a special meeting of Star Shareholders expected to be held in Q2 2026. In connection with the Transaction, all of the directors and officers of Star, and certain large shareholders of Star, including ICM Limited, who collectively represent approximately 34% of the issued and outstanding Star Shares, have entered into voting support agreements with Summit pursuant to which they have agreed, among other things, to vote their Star Shares held in favour of the Transaction. Transaction is subject to the receipt of applicable regulatory and exchange approvals, and the satisfaction of certain other customary closing conditions for a transaction of this nature. The Agreement has been unanimously approved by the board of directors of both companies following an extensive due diligence process and detailed consideration of all options. The Agreement includes customary deal protections, including fiduciary-out provisions in favour of Star, non-solicitation covenants and the right to match any superior proposals. A termination fee in the amount of CAD 2.5 million is payable to Summit by Star in certain circumstances if the Transaction is terminated. Each of Summit and Star have made customary representations and warranties in the Agreement. Subject to the satisfaction or waiver of all closing conditions, the Transaction is expected to close in Q2 2026. Following the closing of the Transaction, the Star Shares are expected to be delisted from the TSXV and OTCQX Best Market and Star will apply to cease to be a reporting issuer under applicable Canadian securities laws. The transaction is unanimously approved by the boards. On June 23, 2026, Star shareholders approved the transaction. Value accretive transaction on both a NAV per share and 2027E CFPS basis. Canaccord Genuity Corp. has provided a fairness opinion and financial advisor to the Summit Board, TD Securities Inc. has provided a fairness opinion and financial advisor to the Star Board, Bennett Jones LLP is acting as Summit's legal advisor. Fasken Martineau DuMoulin LLP is acting as Star's legal advisor. Olympia Trust Company acted as depositary bank to Star Royalties. Summit Royalties Ltd. (TSXV:SUM) completed the acquisition of Star Royalties Ltd. (TSXV:STRR) on July 3, 2026. In connection with the closing of the Arrangement, Summit announced the appointment of Kevin MacLean as Chief Investment Officer and Kathy Lai as Vice President, Finance. Effective upon closing of the Arrangement, Jay Layman was appointed to the Board of Directors of Summit. Following completion of the Arrangement, the Star Shares will be delisted from the TSX Venture Exchange, which is expected to be effective on or about the close of business on July 7, 2026 (the "Delisting"). Star has also applied to withdraw the quotation of the Star Shares from the OTCQX Best Market as soon as practicable after the Delisting. Star also intends to apply to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations.분석 기사 • Jun 09There May Be Underlying Issues With The Quality Of Summit Royalties' (CVE:SUM) EarningsDespite posting some strong earnings, the market for Summit Royalties Ltd.'s ( CVE:SUM ) stock hasn't moved much. We...New Risk • May 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 101% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (101% accrual ratio). Minor Risks Less than 3 years of financial data is available. Profit margins are more than 30% lower than last year (101% net profit margin). Revenue is less than US$5m (US$3.9m revenue). Market cap is less than US$100m (CA$108.2m market cap, or US$78.5m).공시 • Mar 16Summit Royalties Ltd. (TSXV:SUM) entered into an arrangement agreement to acquire Star Royalties Ltd. (TSXV:STRR) for CAD 47.3 million.Summit Royalties Ltd. (TSXV:SUM) entered into an arrangement agreement to acquire Star Royalties Ltd. (TSXV:STRR) for CAD 47.3 million on March 16, 2026. Assuming completion of the Transaction, holders ("Star Shareholders") of common shares of Star ("Star Shares") are entitled to receive 0.360 (the "Exchange Ratio") of a common share of Summit (each a "Summit Share") in exchange for each Star Share held immediately prior to the effective time of the Transaction (the "Consideration"). The Consideration implies a value of CAD 0.60 per Star Share based on the Exchange Ratio Upon completion of the Transaction, existing holders of Summit Shares and Star Shareholders are expected to own approximately 72% and 28%, respectively, of the pro forma company on a fully-diluted in-the-money basis. The Transaction is expected to be affected by way of a court-approved plan of arrangement under the Canada Business Corporations Act. The Transaction will require the approval of at least (i) 66 2/3% of votes cast by Star Shareholders, and (ii) a simple majority of the votes cast by Star Shareholders after excluding the votes of certain interested parties in the Transaction in accordance with Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions. Star will seek these approvals at a special meeting of Star Shareholders expected to be held in Q2 2026. In connection with the Transaction, all of the directors and officers of Star, and certain large shareholders of Star, including ICM Limited, who collectively represent approximately 34% of the issued and outstanding Star Shares, have entered into voting support agreements with Summit pursuant to which they have agreed, among other things, to vote their Star Shares held in favour of the Transaction. Transaction is subject to the receipt of applicable regulatory and exchange approvals, and the satisfaction of certain other customary closing conditions for a transaction of this nature. The Agreement has been unanimously approved by the board of directors of both companies following an extensive due diligence process and detailed consideration of all options. The Agreement includes customary deal protections, including fiduciary-out provisions in favour of Star, non-solicitation covenants and the right to match any superior proposals. A termination fee in the amount of CAD 2.5 million is payable to Summit by Star in certain circumstances if the Transaction is terminated. Each of Summit and Star have made customary representations and warranties in the Agreement. Subject to the satisfaction or waiver of all closing conditions, the Transaction is expected to close in Q2 2026. Following the closing of the Transaction, the Star Shares are expected to be delisted from the TSXV and OTCQX Best Market and Star will apply to cease to be a reporting issuer under applicable Canadian securities laws. Value accretive transaction on both a NAV per share and 2027E CFPS basis. Canaccord Genuity Corp. has provided a fairness opinion and financial advisor to the Summit Board, TD Securities Inc. has provided a fairness opinion and financial advisor to the Star Board, Bennett Jones LLP is acting as Summit's legal advisor. Fasken Martineau DuMoulin LLP is acting as Star's legal advisor.Recent Insider Transactions • Jan 02Chairman of the Board recently bought CA$431k worth of stockOn the 29th of December, Jerrold Annett bought around 303k shares on-market at roughly CA$1.42 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$468k. Jerrold has been a buyer over the last 12 months, purchasing a net total of CA$1.0m worth in shares.Recent Insider Transactions • Dec 11Chairman of the Board recently bought CA$468k worth of stockOn the 9th of December, Jerrold Annett bought around 347k shares on-market at roughly CA$1.35 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jerrold's only on-market trade for the last 12 months.더 많은 업데이트 보기Recent updates공시 • Jul 04Summit Royalties Ltd. (TSXV:SUM) completed the acquisition of Star Royalties Ltd. (TSXV:STRR).Summit Royalties Ltd. (TSXV:SUM) entered into an arrangement agreement to acquire Star Royalties Ltd. (TSXV:STRR) for CAD 48.1 million on March 16, 2026. Assuming completion of the Transaction, holders ("Star Shareholders") of common shares of Star ("Star Shares") are entitled to receive 0.360 (the "Exchange Ratio") of a common share of Summit (each a "Summit Share") in exchange for each Star Share held immediately prior to the effective time of the Transaction (the "Consideration"). The Consideration implies a value of CAD 0.60 per Star Share based on the Exchange Ratio Upon completion of the Transaction, existing holders of Summit Shares and Star Shareholders are expected to own approximately 72% and 28%, respectively, of the pro forma company on a fully-diluted in-the-money basis. The Transaction is expected to be affected by way of a court-approved plan of arrangement under the Canada Business Corporations Act. The Transaction will require the approval of at least (i) 66 2/3% of votes cast by Star Shareholders, and (ii) a simple majority of the votes cast by Star Shareholders after excluding the votes of certain interested parties in the Transaction in accordance with Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions. Star will seek these approvals at a special meeting of Star Shareholders expected to be held in Q2 2026. In connection with the Transaction, all of the directors and officers of Star, and certain large shareholders of Star, including ICM Limited, who collectively represent approximately 34% of the issued and outstanding Star Shares, have entered into voting support agreements with Summit pursuant to which they have agreed, among other things, to vote their Star Shares held in favour of the Transaction. Transaction is subject to the receipt of applicable regulatory and exchange approvals, and the satisfaction of certain other customary closing conditions for a transaction of this nature. The Agreement has been unanimously approved by the board of directors of both companies following an extensive due diligence process and detailed consideration of all options. The Agreement includes customary deal protections, including fiduciary-out provisions in favour of Star, non-solicitation covenants and the right to match any superior proposals. A termination fee in the amount of CAD 2.5 million is payable to Summit by Star in certain circumstances if the Transaction is terminated. Each of Summit and Star have made customary representations and warranties in the Agreement. Subject to the satisfaction or waiver of all closing conditions, the Transaction is expected to close in Q2 2026. Following the closing of the Transaction, the Star Shares are expected to be delisted from the TSXV and OTCQX Best Market and Star will apply to cease to be a reporting issuer under applicable Canadian securities laws. The transaction is unanimously approved by the boards. On June 23, 2026, Star shareholders approved the transaction. Value accretive transaction on both a NAV per share and 2027E CFPS basis. Canaccord Genuity Corp. has provided a fairness opinion and financial advisor to the Summit Board, TD Securities Inc. has provided a fairness opinion and financial advisor to the Star Board, Bennett Jones LLP is acting as Summit's legal advisor. Fasken Martineau DuMoulin LLP is acting as Star's legal advisor. Olympia Trust Company acted as depositary bank to Star Royalties. Summit Royalties Ltd. (TSXV:SUM) completed the acquisition of Star Royalties Ltd. (TSXV:STRR) on July 3, 2026. In connection with the closing of the Arrangement, Summit announced the appointment of Kevin MacLean as Chief Investment Officer and Kathy Lai as Vice President, Finance. Effective upon closing of the Arrangement, Jay Layman was appointed to the Board of Directors of Summit. Following completion of the Arrangement, the Star Shares will be delisted from the TSX Venture Exchange, which is expected to be effective on or about the close of business on July 7, 2026 (the "Delisting"). Star has also applied to withdraw the quotation of the Star Shares from the OTCQX Best Market as soon as practicable after the Delisting. Star also intends to apply to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations.분석 기사 • Jun 09There May Be Underlying Issues With The Quality Of Summit Royalties' (CVE:SUM) EarningsDespite posting some strong earnings, the market for Summit Royalties Ltd.'s ( CVE:SUM ) stock hasn't moved much. We...New Risk • May 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 101% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (101% accrual ratio). Minor Risks Less than 3 years of financial data is available. Profit margins are more than 30% lower than last year (101% net profit margin). Revenue is less than US$5m (US$3.9m revenue). Market cap is less than US$100m (CA$108.2m market cap, or US$78.5m).공시 • Mar 16Summit Royalties Ltd. (TSXV:SUM) entered into an arrangement agreement to acquire Star Royalties Ltd. (TSXV:STRR) for CAD 47.3 million.Summit Royalties Ltd. (TSXV:SUM) entered into an arrangement agreement to acquire Star Royalties Ltd. (TSXV:STRR) for CAD 47.3 million on March 16, 2026. Assuming completion of the Transaction, holders ("Star Shareholders") of common shares of Star ("Star Shares") are entitled to receive 0.360 (the "Exchange Ratio") of a common share of Summit (each a "Summit Share") in exchange for each Star Share held immediately prior to the effective time of the Transaction (the "Consideration"). The Consideration implies a value of CAD 0.60 per Star Share based on the Exchange Ratio Upon completion of the Transaction, existing holders of Summit Shares and Star Shareholders are expected to own approximately 72% and 28%, respectively, of the pro forma company on a fully-diluted in-the-money basis. The Transaction is expected to be affected by way of a court-approved plan of arrangement under the Canada Business Corporations Act. The Transaction will require the approval of at least (i) 66 2/3% of votes cast by Star Shareholders, and (ii) a simple majority of the votes cast by Star Shareholders after excluding the votes of certain interested parties in the Transaction in accordance with Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions. Star will seek these approvals at a special meeting of Star Shareholders expected to be held in Q2 2026. In connection with the Transaction, all of the directors and officers of Star, and certain large shareholders of Star, including ICM Limited, who collectively represent approximately 34% of the issued and outstanding Star Shares, have entered into voting support agreements with Summit pursuant to which they have agreed, among other things, to vote their Star Shares held in favour of the Transaction. Transaction is subject to the receipt of applicable regulatory and exchange approvals, and the satisfaction of certain other customary closing conditions for a transaction of this nature. The Agreement has been unanimously approved by the board of directors of both companies following an extensive due diligence process and detailed consideration of all options. The Agreement includes customary deal protections, including fiduciary-out provisions in favour of Star, non-solicitation covenants and the right to match any superior proposals. A termination fee in the amount of CAD 2.5 million is payable to Summit by Star in certain circumstances if the Transaction is terminated. Each of Summit and Star have made customary representations and warranties in the Agreement. Subject to the satisfaction or waiver of all closing conditions, the Transaction is expected to close in Q2 2026. Following the closing of the Transaction, the Star Shares are expected to be delisted from the TSXV and OTCQX Best Market and Star will apply to cease to be a reporting issuer under applicable Canadian securities laws. Value accretive transaction on both a NAV per share and 2027E CFPS basis. Canaccord Genuity Corp. has provided a fairness opinion and financial advisor to the Summit Board, TD Securities Inc. has provided a fairness opinion and financial advisor to the Star Board, Bennett Jones LLP is acting as Summit's legal advisor. Fasken Martineau DuMoulin LLP is acting as Star's legal advisor.Recent Insider Transactions • Jan 02Chairman of the Board recently bought CA$431k worth of stockOn the 29th of December, Jerrold Annett bought around 303k shares on-market at roughly CA$1.42 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$468k. Jerrold has been a buyer over the last 12 months, purchasing a net total of CA$1.0m worth in shares.Recent Insider Transactions • Dec 11Chairman of the Board recently bought CA$468k worth of stockOn the 9th of December, Jerrold Annett bought around 347k shares on-market at roughly CA$1.35 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jerrold's only on-market trade for the last 12 months.Board Change • Nov 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Chairman of the Board Jerrold Annett was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Nov 08Summit Royalties Ltd. Announces Management AppointmentsSummit Royalties Ltd. announced that Mr. Jerrold Annett has been appointed as Chairman of the Board of Directors of the Corporation (the "Board") with the full board including Drew Clark, Blair Zaritsky, Stephen Eddy, and Russell Mills. Jerrold Annett has over 30 years of mining and capital markets experience, most recently serving as Senior Vice President, Strategy & Capital Markets at Capstone Copper. He has over a decade of mining sales experience, including nine years as head of mining sales at Scotiabank, a position he left to join Arizona Mining, which was acquired for $1.6 billion in cash. A professional engineer by background, Mr. Annett started his career working for Teck Resources and Falconbridge as a metallurgist. The Board approved the formation of the Audit Committee, the Compensation Committee and the Corporate Governance & Nominating Committee. The composition of each committee is as follows: Audit Committee: Blair Zaritsky (Chair), Stephen Eddy and Russell Mills. Compensation Committee: Russell Mills (Chair), Stephen Eddy and Blair Zaritsky. Corporate Governance & Nominating Committee: Stephen Eddy (Chair), Jerrold Annett and Blair Zaritsky.주주 수익률SUMCA Metals and MiningCA 시장7D0.7%6.5%1.3%1Yn/a65.9%29.9%전체 주주 수익률 보기수익률 대 산업: SUM의 Canadian Metals and Mining 산업 대비 성과를 판단하기에 데이터가 부족합니다.수익률 대 시장: SUM의 Canadian 시장 대비 성과를 판단하기에 데이터가 부족합니다.주가 변동성Is SUM's price volatile compared to industry and market?SUM volatilitySUM Average Weekly Movement6.2%Metals and Mining Industry Average Movement10.9%Market Average Movement9.7%10% most volatile stocks in CA Market16.8%10% least volatile stocks in CA Market3.7%안정적인 주가: SUM는 지난 3개월 동안 Canadian 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: SUM의 주간 변동성(6%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트n/an/aDrew Clarkwww.summit-royalties.com는 귀금속 스트리밍 및 로열티 회사로 운영되고 있습니다. 이 회사는 캐나다 토론토에 본사를 두고 있습니다.더 보기Summit Royalties Ltd. 기초 지표 요약Summit Royalties의 순이익과 매출은 시가총액과 어떻게 비교됩니까?SUM 기초 통계시가총액CA$99.69m순이익 (TTM)CA$5.64m매출 (TTM)CA$925.97k17.5x주가수익비율(P/E)106.9x주가매출비율(P/S)SUM는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표SUM 손익계산서 (TTM)매출US$651.37k매출원가US$152.89k총이익US$498.48k기타 비용-US$3.47m순이익US$3.97m최근 보고된 실적Mar 31, 2026다음 실적 발표일해당 없음주당순이익(EPS)0.056총이익률76.53%순이익률609.17%부채/자본 비율0%SUM의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/06 22:24종가2026/07/06 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Summit Royalties Ltd.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jamie SprattHaywood Securities Inc.
공시 • Jul 04Summit Royalties Ltd. (TSXV:SUM) completed the acquisition of Star Royalties Ltd. (TSXV:STRR).Summit Royalties Ltd. (TSXV:SUM) entered into an arrangement agreement to acquire Star Royalties Ltd. (TSXV:STRR) for CAD 48.1 million on March 16, 2026. Assuming completion of the Transaction, holders ("Star Shareholders") of common shares of Star ("Star Shares") are entitled to receive 0.360 (the "Exchange Ratio") of a common share of Summit (each a "Summit Share") in exchange for each Star Share held immediately prior to the effective time of the Transaction (the "Consideration"). The Consideration implies a value of CAD 0.60 per Star Share based on the Exchange Ratio Upon completion of the Transaction, existing holders of Summit Shares and Star Shareholders are expected to own approximately 72% and 28%, respectively, of the pro forma company on a fully-diluted in-the-money basis. The Transaction is expected to be affected by way of a court-approved plan of arrangement under the Canada Business Corporations Act. The Transaction will require the approval of at least (i) 66 2/3% of votes cast by Star Shareholders, and (ii) a simple majority of the votes cast by Star Shareholders after excluding the votes of certain interested parties in the Transaction in accordance with Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions. Star will seek these approvals at a special meeting of Star Shareholders expected to be held in Q2 2026. In connection with the Transaction, all of the directors and officers of Star, and certain large shareholders of Star, including ICM Limited, who collectively represent approximately 34% of the issued and outstanding Star Shares, have entered into voting support agreements with Summit pursuant to which they have agreed, among other things, to vote their Star Shares held in favour of the Transaction. Transaction is subject to the receipt of applicable regulatory and exchange approvals, and the satisfaction of certain other customary closing conditions for a transaction of this nature. The Agreement has been unanimously approved by the board of directors of both companies following an extensive due diligence process and detailed consideration of all options. The Agreement includes customary deal protections, including fiduciary-out provisions in favour of Star, non-solicitation covenants and the right to match any superior proposals. A termination fee in the amount of CAD 2.5 million is payable to Summit by Star in certain circumstances if the Transaction is terminated. Each of Summit and Star have made customary representations and warranties in the Agreement. Subject to the satisfaction or waiver of all closing conditions, the Transaction is expected to close in Q2 2026. Following the closing of the Transaction, the Star Shares are expected to be delisted from the TSXV and OTCQX Best Market and Star will apply to cease to be a reporting issuer under applicable Canadian securities laws. The transaction is unanimously approved by the boards. On June 23, 2026, Star shareholders approved the transaction. Value accretive transaction on both a NAV per share and 2027E CFPS basis. Canaccord Genuity Corp. has provided a fairness opinion and financial advisor to the Summit Board, TD Securities Inc. has provided a fairness opinion and financial advisor to the Star Board, Bennett Jones LLP is acting as Summit's legal advisor. Fasken Martineau DuMoulin LLP is acting as Star's legal advisor. Olympia Trust Company acted as depositary bank to Star Royalties. Summit Royalties Ltd. (TSXV:SUM) completed the acquisition of Star Royalties Ltd. (TSXV:STRR) on July 3, 2026. In connection with the closing of the Arrangement, Summit announced the appointment of Kevin MacLean as Chief Investment Officer and Kathy Lai as Vice President, Finance. Effective upon closing of the Arrangement, Jay Layman was appointed to the Board of Directors of Summit. Following completion of the Arrangement, the Star Shares will be delisted from the TSX Venture Exchange, which is expected to be effective on or about the close of business on July 7, 2026 (the "Delisting"). Star has also applied to withdraw the quotation of the Star Shares from the OTCQX Best Market as soon as practicable after the Delisting. Star also intends to apply to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations.
분석 기사 • Jun 09There May Be Underlying Issues With The Quality Of Summit Royalties' (CVE:SUM) EarningsDespite posting some strong earnings, the market for Summit Royalties Ltd.'s ( CVE:SUM ) stock hasn't moved much. We...
New Risk • May 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 101% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (101% accrual ratio). Minor Risks Less than 3 years of financial data is available. Profit margins are more than 30% lower than last year (101% net profit margin). Revenue is less than US$5m (US$3.9m revenue). Market cap is less than US$100m (CA$108.2m market cap, or US$78.5m).
공시 • Mar 16Summit Royalties Ltd. (TSXV:SUM) entered into an arrangement agreement to acquire Star Royalties Ltd. (TSXV:STRR) for CAD 47.3 million.Summit Royalties Ltd. (TSXV:SUM) entered into an arrangement agreement to acquire Star Royalties Ltd. (TSXV:STRR) for CAD 47.3 million on March 16, 2026. Assuming completion of the Transaction, holders ("Star Shareholders") of common shares of Star ("Star Shares") are entitled to receive 0.360 (the "Exchange Ratio") of a common share of Summit (each a "Summit Share") in exchange for each Star Share held immediately prior to the effective time of the Transaction (the "Consideration"). The Consideration implies a value of CAD 0.60 per Star Share based on the Exchange Ratio Upon completion of the Transaction, existing holders of Summit Shares and Star Shareholders are expected to own approximately 72% and 28%, respectively, of the pro forma company on a fully-diluted in-the-money basis. The Transaction is expected to be affected by way of a court-approved plan of arrangement under the Canada Business Corporations Act. The Transaction will require the approval of at least (i) 66 2/3% of votes cast by Star Shareholders, and (ii) a simple majority of the votes cast by Star Shareholders after excluding the votes of certain interested parties in the Transaction in accordance with Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions. Star will seek these approvals at a special meeting of Star Shareholders expected to be held in Q2 2026. In connection with the Transaction, all of the directors and officers of Star, and certain large shareholders of Star, including ICM Limited, who collectively represent approximately 34% of the issued and outstanding Star Shares, have entered into voting support agreements with Summit pursuant to which they have agreed, among other things, to vote their Star Shares held in favour of the Transaction. Transaction is subject to the receipt of applicable regulatory and exchange approvals, and the satisfaction of certain other customary closing conditions for a transaction of this nature. The Agreement has been unanimously approved by the board of directors of both companies following an extensive due diligence process and detailed consideration of all options. The Agreement includes customary deal protections, including fiduciary-out provisions in favour of Star, non-solicitation covenants and the right to match any superior proposals. A termination fee in the amount of CAD 2.5 million is payable to Summit by Star in certain circumstances if the Transaction is terminated. Each of Summit and Star have made customary representations and warranties in the Agreement. Subject to the satisfaction or waiver of all closing conditions, the Transaction is expected to close in Q2 2026. Following the closing of the Transaction, the Star Shares are expected to be delisted from the TSXV and OTCQX Best Market and Star will apply to cease to be a reporting issuer under applicable Canadian securities laws. Value accretive transaction on both a NAV per share and 2027E CFPS basis. Canaccord Genuity Corp. has provided a fairness opinion and financial advisor to the Summit Board, TD Securities Inc. has provided a fairness opinion and financial advisor to the Star Board, Bennett Jones LLP is acting as Summit's legal advisor. Fasken Martineau DuMoulin LLP is acting as Star's legal advisor.
Recent Insider Transactions • Jan 02Chairman of the Board recently bought CA$431k worth of stockOn the 29th of December, Jerrold Annett bought around 303k shares on-market at roughly CA$1.42 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$468k. Jerrold has been a buyer over the last 12 months, purchasing a net total of CA$1.0m worth in shares.
Recent Insider Transactions • Dec 11Chairman of the Board recently bought CA$468k worth of stockOn the 9th of December, Jerrold Annett bought around 347k shares on-market at roughly CA$1.35 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jerrold's only on-market trade for the last 12 months.
공시 • Jul 04Summit Royalties Ltd. (TSXV:SUM) completed the acquisition of Star Royalties Ltd. (TSXV:STRR).Summit Royalties Ltd. (TSXV:SUM) entered into an arrangement agreement to acquire Star Royalties Ltd. (TSXV:STRR) for CAD 48.1 million on March 16, 2026. Assuming completion of the Transaction, holders ("Star Shareholders") of common shares of Star ("Star Shares") are entitled to receive 0.360 (the "Exchange Ratio") of a common share of Summit (each a "Summit Share") in exchange for each Star Share held immediately prior to the effective time of the Transaction (the "Consideration"). The Consideration implies a value of CAD 0.60 per Star Share based on the Exchange Ratio Upon completion of the Transaction, existing holders of Summit Shares and Star Shareholders are expected to own approximately 72% and 28%, respectively, of the pro forma company on a fully-diluted in-the-money basis. The Transaction is expected to be affected by way of a court-approved plan of arrangement under the Canada Business Corporations Act. The Transaction will require the approval of at least (i) 66 2/3% of votes cast by Star Shareholders, and (ii) a simple majority of the votes cast by Star Shareholders after excluding the votes of certain interested parties in the Transaction in accordance with Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions. Star will seek these approvals at a special meeting of Star Shareholders expected to be held in Q2 2026. In connection with the Transaction, all of the directors and officers of Star, and certain large shareholders of Star, including ICM Limited, who collectively represent approximately 34% of the issued and outstanding Star Shares, have entered into voting support agreements with Summit pursuant to which they have agreed, among other things, to vote their Star Shares held in favour of the Transaction. Transaction is subject to the receipt of applicable regulatory and exchange approvals, and the satisfaction of certain other customary closing conditions for a transaction of this nature. The Agreement has been unanimously approved by the board of directors of both companies following an extensive due diligence process and detailed consideration of all options. The Agreement includes customary deal protections, including fiduciary-out provisions in favour of Star, non-solicitation covenants and the right to match any superior proposals. A termination fee in the amount of CAD 2.5 million is payable to Summit by Star in certain circumstances if the Transaction is terminated. Each of Summit and Star have made customary representations and warranties in the Agreement. Subject to the satisfaction or waiver of all closing conditions, the Transaction is expected to close in Q2 2026. Following the closing of the Transaction, the Star Shares are expected to be delisted from the TSXV and OTCQX Best Market and Star will apply to cease to be a reporting issuer under applicable Canadian securities laws. The transaction is unanimously approved by the boards. On June 23, 2026, Star shareholders approved the transaction. Value accretive transaction on both a NAV per share and 2027E CFPS basis. Canaccord Genuity Corp. has provided a fairness opinion and financial advisor to the Summit Board, TD Securities Inc. has provided a fairness opinion and financial advisor to the Star Board, Bennett Jones LLP is acting as Summit's legal advisor. Fasken Martineau DuMoulin LLP is acting as Star's legal advisor. Olympia Trust Company acted as depositary bank to Star Royalties. Summit Royalties Ltd. (TSXV:SUM) completed the acquisition of Star Royalties Ltd. (TSXV:STRR) on July 3, 2026. In connection with the closing of the Arrangement, Summit announced the appointment of Kevin MacLean as Chief Investment Officer and Kathy Lai as Vice President, Finance. Effective upon closing of the Arrangement, Jay Layman was appointed to the Board of Directors of Summit. Following completion of the Arrangement, the Star Shares will be delisted from the TSX Venture Exchange, which is expected to be effective on or about the close of business on July 7, 2026 (the "Delisting"). Star has also applied to withdraw the quotation of the Star Shares from the OTCQX Best Market as soon as practicable after the Delisting. Star also intends to apply to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations.
분석 기사 • Jun 09There May Be Underlying Issues With The Quality Of Summit Royalties' (CVE:SUM) EarningsDespite posting some strong earnings, the market for Summit Royalties Ltd.'s ( CVE:SUM ) stock hasn't moved much. We...
New Risk • May 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 101% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (101% accrual ratio). Minor Risks Less than 3 years of financial data is available. Profit margins are more than 30% lower than last year (101% net profit margin). Revenue is less than US$5m (US$3.9m revenue). Market cap is less than US$100m (CA$108.2m market cap, or US$78.5m).
공시 • Mar 16Summit Royalties Ltd. (TSXV:SUM) entered into an arrangement agreement to acquire Star Royalties Ltd. (TSXV:STRR) for CAD 47.3 million.Summit Royalties Ltd. (TSXV:SUM) entered into an arrangement agreement to acquire Star Royalties Ltd. (TSXV:STRR) for CAD 47.3 million on March 16, 2026. Assuming completion of the Transaction, holders ("Star Shareholders") of common shares of Star ("Star Shares") are entitled to receive 0.360 (the "Exchange Ratio") of a common share of Summit (each a "Summit Share") in exchange for each Star Share held immediately prior to the effective time of the Transaction (the "Consideration"). The Consideration implies a value of CAD 0.60 per Star Share based on the Exchange Ratio Upon completion of the Transaction, existing holders of Summit Shares and Star Shareholders are expected to own approximately 72% and 28%, respectively, of the pro forma company on a fully-diluted in-the-money basis. The Transaction is expected to be affected by way of a court-approved plan of arrangement under the Canada Business Corporations Act. The Transaction will require the approval of at least (i) 66 2/3% of votes cast by Star Shareholders, and (ii) a simple majority of the votes cast by Star Shareholders after excluding the votes of certain interested parties in the Transaction in accordance with Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions. Star will seek these approvals at a special meeting of Star Shareholders expected to be held in Q2 2026. In connection with the Transaction, all of the directors and officers of Star, and certain large shareholders of Star, including ICM Limited, who collectively represent approximately 34% of the issued and outstanding Star Shares, have entered into voting support agreements with Summit pursuant to which they have agreed, among other things, to vote their Star Shares held in favour of the Transaction. Transaction is subject to the receipt of applicable regulatory and exchange approvals, and the satisfaction of certain other customary closing conditions for a transaction of this nature. The Agreement has been unanimously approved by the board of directors of both companies following an extensive due diligence process and detailed consideration of all options. The Agreement includes customary deal protections, including fiduciary-out provisions in favour of Star, non-solicitation covenants and the right to match any superior proposals. A termination fee in the amount of CAD 2.5 million is payable to Summit by Star in certain circumstances if the Transaction is terminated. Each of Summit and Star have made customary representations and warranties in the Agreement. Subject to the satisfaction or waiver of all closing conditions, the Transaction is expected to close in Q2 2026. Following the closing of the Transaction, the Star Shares are expected to be delisted from the TSXV and OTCQX Best Market and Star will apply to cease to be a reporting issuer under applicable Canadian securities laws. Value accretive transaction on both a NAV per share and 2027E CFPS basis. Canaccord Genuity Corp. has provided a fairness opinion and financial advisor to the Summit Board, TD Securities Inc. has provided a fairness opinion and financial advisor to the Star Board, Bennett Jones LLP is acting as Summit's legal advisor. Fasken Martineau DuMoulin LLP is acting as Star's legal advisor.
Recent Insider Transactions • Jan 02Chairman of the Board recently bought CA$431k worth of stockOn the 29th of December, Jerrold Annett bought around 303k shares on-market at roughly CA$1.42 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$468k. Jerrold has been a buyer over the last 12 months, purchasing a net total of CA$1.0m worth in shares.
Recent Insider Transactions • Dec 11Chairman of the Board recently bought CA$468k worth of stockOn the 9th of December, Jerrold Annett bought around 347k shares on-market at roughly CA$1.35 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jerrold's only on-market trade for the last 12 months.
Board Change • Nov 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Chairman of the Board Jerrold Annett was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Nov 08Summit Royalties Ltd. Announces Management AppointmentsSummit Royalties Ltd. announced that Mr. Jerrold Annett has been appointed as Chairman of the Board of Directors of the Corporation (the "Board") with the full board including Drew Clark, Blair Zaritsky, Stephen Eddy, and Russell Mills. Jerrold Annett has over 30 years of mining and capital markets experience, most recently serving as Senior Vice President, Strategy & Capital Markets at Capstone Copper. He has over a decade of mining sales experience, including nine years as head of mining sales at Scotiabank, a position he left to join Arizona Mining, which was acquired for $1.6 billion in cash. A professional engineer by background, Mr. Annett started his career working for Teck Resources and Falconbridge as a metallurgist. The Board approved the formation of the Audit Committee, the Compensation Committee and the Corporate Governance & Nominating Committee. The composition of each committee is as follows: Audit Committee: Blair Zaritsky (Chair), Stephen Eddy and Russell Mills. Compensation Committee: Russell Mills (Chair), Stephen Eddy and Blair Zaritsky. Corporate Governance & Nominating Committee: Stephen Eddy (Chair), Jerrold Annett and Blair Zaritsky.
