You've probably seen the tickers flashing on your screen. EMPR on the TSX Venture or EMPYF over the counter. Lately, the empress royalty stock price has been doing something that makes seasoned gold bugs sit up and take notice.
As of January 2026, we are looking at a share price hovering around $1.20 CAD (roughly $0.86 USD). That might look like "penny stock" territory to the uninitiated, but the context is everything. A year ago, this thing was trading at $0.32. That is a massive move. We are talking about a 270% jump in twelve months.
Why? Because the market finally realized Empress isn't just another junior explorer digging holes in the ground and hoping for a miracle. They are a "creation" company. Basically, they write checks to miners who need cash to finish a project, and in exchange, they get a slice of every ounce of gold or silver that comes out of that mine—at a massive discount.
The Real Reason the Price is Moving
Most people look at the empress royalty stock price and try to correlate it 1:1 with the price of gold. That is a mistake. Honestly, the real driver here has been the transition from "story" to "cash."
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For years, Empress was all about potential. Now, they have four producing assets hitting their stride:
- Tahuehueto (Mexico): A heavy-hitting silver stream.
- Sierra Antapite (Peru): Consistent gold production.
- Manica (Mozambique): A steady royalty earner.
- Galaxy (South Africa): Their newest revenue generator that just started contributing.
In late 2025, the company reported record revenue for the third quarter. We are seeing revenue nearly double year-over-year. When a company with only two full-time employees—yes, you read that right, just two—starts pulling in millions in cash flow, the leverage is insane.
The "Streamex" Factor
In December 2025, something weird happened. A company called Streamex Corp. (STEX) bought a 9.9% stake in Empress. They didn't just buy it on the open market; they did a strategic share-for-share swap. This kind of institutional validation usually acts like a floor for the stock price. It tells the market that the big kids in the room think the current valuation is still cheap.
The market cap is sitting around $154 million. For a royalty company that's already profitable, that’s actually quite small. Compare that to the giants like Franco-Nevada or Wheaton Precious Metals. Empress is the "micro-cap" version of those titans.
Is the Current Price Sustainable?
Wall Street (or the Bay Street equivalent) is divided. Some analysts have price targets as high as $1.70 CAD. That would represent another 40% upside from here. Others are more cautious, pointing to the fact that the stock has already run so far, so fast.
You have to consider the risks.
Small-cap mining stocks are volatile. Period. If the gold price takes a sudden 20% dive, the empress royalty stock price is going to feel it, even if their business model is safer than a traditional miner.
Also, they don't pay a dividend yet. If you are looking for quarterly checks, you're in the wrong place. This is a growth story. Management is reinvesting every cent into buying new royalties to grow that $54 million five-year revenue target they've been talking about.
What to Watch Next
If you’re tracking this stock, keep your eyes on the February 26, 2026 earnings date. That is going to be the big one. It will show if the Galaxy mine in South Africa is really pulling its weight and if the "record revenue" trend is continuing or if it was a one-hit wonder.
Actionable Steps for Investors
- Watch the $1.00 Support: Technically, the stock has strong support at the $1.00 CAD level. If it dips there, it’s often seen as a "buy the dip" zone by momentum traders.
- Monitor the Gold/Silver Ratio: Since Empress has a heavy silver stream in Mexico, they are more sensitive to silver prices than some of their pure-gold competitors.
- Check the Burn: Because they only have two employees and lean overhead, watch the "General and Administrative" (G&A) costs in their filings. If those stay low while revenue climbs, the profit margins will continue to explode.
- Validate the Jurisdictions: They operate in Peru and Mozambique. These aren't the easiest places to do business. Any political instability in those regions will hit the stock price immediately.
Empress Royalty is basically a high-stakes bridge lender for the mining world. They've proven they can pick winners so far, and the stock price is reflecting that success. Just don't expect a smooth ride to the top.