Hastings Technology Metals Limited (AU:HAS)
ASX:HAS
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Hastings Technology Metals Limited
(Sydney:HAS)
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Rating:45Neutral
Price Target:
AU$0.42
▼(-15.20% Downside)
Action:Reiterated
Date:03/28/26
The score is primarily constrained by weak financial performance (large losses, negative cash flow, and increased leverage with a reduced asset base). Technicals are mixed with neutral momentum and a negative MACD, providing limited support. Valuation is also pressured by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Strategic rare earth asset
Hastings owns the Yangibana rare earths project and aims to produce mixed carbonate and separated products used in permanent magnets and advanced technologies. This upstream+downstream focus aligns with structural, long-duration demand for rare earths and supports potential margin capture and vertical integration benefits.
Negative Factors
Large net losses
The very large 2025 net loss and negative operating results point to substantial non-operating charges or impairments and weak core profitability. Persistent heavy losses erode equity, limit reinvestment from operations, and create a lasting need for external capital, constraining sustainable earnings power until profitability is restored.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic rare earth asset
Hastings owns the Yangibana rare earths project and aims to produce mixed carbonate and separated products used in permanent magnets and advanced technologies. This upstream+downstream focus aligns with structural, long-duration demand for rare earths and supports potential margin capture and vertical integration benefits.
Read all positive factors
Hastings Technology Metals Limited (HAS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$95.64M
Dividend YieldN/A
Average Volume (3M)909.75K
Price to Earnings (P/E)―
Beta (1Y)1.55
Revenue GrowthN/A
EPS Growth69.69%
CountryAU
Employees21
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.34
Shares Outstanding227,713,500
10 Day Avg. Volume2,327,695
30 Day Avg. Volume909,753
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.54
Price to Sales (P/S)20.12
P/FCF Ratio-1.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.55Price Target Upside10.00% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-0.02
Revenue Forecast (FY)AU$2.25M
Hastings Technology Metals Limited Business Overview & Revenue Model
Company Description
Hastings Technology Metals Limited engages in the exploration and development of rare earth deposits in Australia. The company focuses on neodymium and praseodymium minerals. Its flagship project is the Yangibana Rare Earths Project, which holds 1...
How the Company Makes Money
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Hastings Technology Metals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 2.27M | 0.00 | 0.00 | 0.00 | ― |
| Gross Profit | -611.09K | 2.27M | -657.00K | -421.00K | -375.00K | -318.00K |
| EBITDA | -6.62M | -5.01M | 1.97M | 10.40M | -9.03M | -6.00M |
| Net Income | -60.21M | -222.11M | -33.79M | -10.58M | -9.44M | -6.33M |
Balance Sheet | ||||||
| Total Assets | 104.59M | 222.77M | 480.00M | 493.42M | 298.34M | 225.91M |
| Cash, Cash Equivalents and Short-Term Investments | 4.93M | 10.83M | 17.89M | 98.64M | 134.87M | 110.07M |
| Total Debt | 5.61M | 129.17M | 169.30M | 134.80M | 590.35K | 112.19K |
| Total Liabilities | 12.35M | 137.26M | 183.59M | 178.25M | 15.91M | 3.98M |
| Stockholders Equity | 92.24M | 85.51M | 296.42M | 315.17M | 282.43M | 221.93M |
Cash Flow | ||||||
| Free Cash Flow | -7.09M | -24.45M | -99.04M | -134.44M | -43.20M | -15.45M |
| Operating Cash Flow | -3.67M | -5.94M | -9.65M | -7.18M | -10.01M | -4.70M |
| Investing Cash Flow | 881.25K | -19.78M | -85.43M | -263.25M | 34.38M | -92.24M |
| Financing Cash Flow | 3.21M | 8.52M | 14.36M | 249.22M | 67.43M | 115.56M |
Hastings Technology Metals Limited Technical Analysis
Negative
0.50
Price Trends
0.46
Negative
0.50
Negative
0.48
Negative
Market Momentum
-0.01
Positive
44.94
Neutral
11.76
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HAS, the sentiment is Negative. The current price of 0.5 is above the 20-day moving average (MA) of 0.46, above the 50-day MA of 0.46, and above the 200-day MA of 0.48, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 44.94 is Neutral, neither overbought nor oversold. The STOCH value of 11.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HAS.
Hastings Technology Metals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$130.17M | 51.54 | -0.02% | ― | ― | 99.44% | |
47 Neutral | AU$286.25M | -13.41 | -22.74% | ― | ― | 1.22% | |
45 Neutral | AU$95.64M | -12.92 | -67.75% | ― | ― | 69.69% | |
44 Neutral | AU$32.22M | -1.90 | -12.11% | ― | ― | 45.35% | |
43 Neutral | AU$18.19M | -7.09 | -51.58% | ― | ― | 56.45% | |
43 Neutral | AU$33.60M | -7.76 | -0.02% | ― | ― | 13.53% |
* Basic Materials Sector Average
AU:HAS
Hastings Technology Metals Limited
0.44
0.13
41.23%
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0.52
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167.12%
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Black Rock Mining Limited
0.01
-0.01
-41.67%
AU:LEL
Lithium Energy Ltd.
0.31
-0.07
-17.57%
Hastings Technology Metals Limited Corporate Events
Hastings Director Increases Shareholding Through Option Exercise
May 7, 2026
Hastings Technology Metals has disclosed a change in the interests of director Foon Keong (Charles) Lew, reflecting both his direct and indirect holdings through his spouse. The update details his latest position in ordinary shares following recen...
Hastings Technology Metals Seeks Quotation for 2.9 Million New Shares After Option Conversion
May 5, 2026
Hastings Technology Metals has applied to the ASX for quotation of 2,941,010 new fully paid ordinary shares following the conversion of options (HASO to HAS). The new shares, issued on 4 May 2026 under a prospectus dated 27 March 2024, increase th...
Hastings Fast-Tracks Rare Earth Output With Thai Plant Acquisition and Offtake Deal
Apr 30, 2026
Hastings Technology Metals Ltd, an ASX-listed rare earth and critical minerals developer, is building an integrated position across mining and hydrometallurgical processing. The company is advancing its Yangibana and Brockman projects while levera...
Hastings Technology Metals Lists New Shares After Option Conversions
Apr 29, 2026
Hastings Technology Metals has applied for quotation on the ASX of 2,746,620 new ordinary fully paid shares, arising from the conversion of HASO options into HAS shares. The securities, issued on 29 April 2026 pursuant to a March 2024 prospectus, ...
Hastings Director Mal Randall Increases Shareholding via Option Exercise
Apr 22, 2026
Hastings Technology Metals has reported a change in the interests of director Mal Randall, reflecting an increase in his holding of ordinary shares through the exercise of options. Following the transaction on 20 April 2026, Randall’s total ...
Hastings details Thai hydromet plant flowsheet as it targets first MREC output in Q4 2026
Apr 22, 2026
Hastings has outlined the proprietary caustic-leach hydrometallurgical flowsheet for its Kabin Buri Hydromet Plant in Thailand, which will process African monazite concentrate into premium mixed rare earth chloride (MREC) flake. The plant, located...
Hastings Technology Metals Seeks ASX Quotation for New Share Issue
Apr 21, 2026
Hastings Technology Metals Ltd has applied to the ASX for quotation of 91,827 new ordinary fully paid shares, issued on 20 April 2026. The additional securities arise from the exercise or conversion of existing options or other convertible securit...
Hastings Technology Metals Seeks Quotation for New Share Issue on ASX
Apr 14, 2026
Hastings Technology Metals has applied for quotation on the ASX of 48,202 new ordinary fully paid shares, following the conversion or exercise of existing options or other convertible securities. The new HAS securities were issued on 14 April 2026...
Hastings Technology Metals Lists Additional Ordinary Shares on ASX
Apr 1, 2026
Hastings Technology Metals has applied for quotation on the ASX of 3,602 new fully paid ordinary shares, issued on March 31, 2026. The additional securities arise from the exercise or conversion of existing options or other convertible instruments...
Hastings Technology Metals Halts Trading Ahead of Planned Acquisition Announcement
Mar 29, 2026
Hastings Technology Metals has requested a trading halt on its securities on the ASX as it prepares to announce an acquisition, with the pause in trading designed to prevent disorderly market conditions while transaction documentation is finalised...
Hastings Technology Metals Releases Interim Financial Report for Half-Year 2025
Mar 13, 2026
Hastings Technology Metals Limited has released its consolidated interim financial report for the half year ended 31 December 2025, providing stakeholders with updated financial information and governance details. The report also confirms the comp...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.