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Hastings Technology Metals Limited
(Sydney:HAS)
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Rating:42Neutral
Price Target:
AU$0.26
â–¼(-47.20% Downside)
Action:Reiterated
Date:07/07/26
The score is driven primarily by weak financial performance: very large losses, ongoing negative operating/free cash flow, and a weakened balance sheet with higher leverage. Technicals add further downside risk given the strong downtrend (price below all key moving averages and negative MACD). Valuation offers limited support because the negative P/E reflects continued losses and there is no dividend yield data.
Positive Factors
Strategic rare-earth asset (Yangibana)
Ownership of the Yangibana project is a durable, upstream asset in a supply-constrained market for rare earths used in permanent magnets. This positions the company to capture long-term demand from electrification and advanced technologies, underpinning strategic relevance despite near-term losses.
Negative Factors
Large reported net losses
Very large net losses relative to minimal revenue indicate the company remains far from self-funded operations. Persistent losses erode equity, increase likelihood of future dilution or financing, and create ongoing pressure on management to secure external capital to complete development and commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic rare-earth asset (Yangibana)
Ownership of the Yangibana project is a durable, upstream asset in a supply-constrained market for rare earths used in permanent magnets. This positions the company to capture long-term demand from electrification and advanced technologies, underpinning strategic relevance despite near-term losses.
Read all positive factors
Hastings Technology Metals Limited (HAS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$62.22M
Dividend YieldN/A
Average Volume (3M)909.75K
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue GrowthN/A
EPS Growth69.69%
CountryAU
Employees21
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.34
Shares Outstanding230,453,230
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$0.35Price Target Upside-30.00% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)-0.03
Revenue Forecast (FY)AU$5.75M
Hastings Technology Metals Limited Business Overview & Revenue Model
Company Description
Hastings Technology Metals Limited is an Australian firm dedicated to identifying and developing rare earth mineral resources, primarily focusing on neodymium and praseodymium. Its flagship undertaking is the Yangibana Rare Earths Project, located...
How the Company Makes Money
null...
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
0.38
Negative
0.43
Negative
0.49
Negative
Market Momentum
-0.03
Negative
35.54
Neutral
36.11
Neutral
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 0.30, above the 50-day MA of 0.38, and above the 200-day MA of 0.49, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 35.54 is Neutral, neither overbought nor oversold. The STOCH value of 36.11 is Neutral, 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% | |
46 Neutral | AU$60.58M | -10.18 | -16.40% | ― | ― | -216.53% | |
44 Neutral | AU$28.17M | -5.36 | -19.53% | ― | ― | -8.74% | |
43 Neutral | AU$27.27M | -3.99 | -5.94% | ― | -99.74% | -22.67% | |
42 Neutral | AU$62.22M | -0.81 | -67.75% | ― | ― | 69.69% | |
41 Neutral | AU$19.26M | -0.92 | -107.26% | ― | ― | 71.99% | |
40 Underperform | AU$103.99M | -6.62 | -41.80% | ― | ― | -66.67% |
* Basic Materials Sector Average
AU:HAS
Hastings Technology Metals Limited
0.28
<0.01
0.36%
AU:ETM
Greenland Minerals Limited
0.05
>-0.01
-6.25%
AU:NMT
Neometals Ltd
0.02
-0.05
-68.06%
AU:VML
Vital Metals Ltd
0.11
0.02
15.79%
AU:AR3
Australian Rare Earths Limited
0.11
0.05
83.33%
AU:EMH
European Metals Holdings Limited
0.26
0.10
59.38%
Hastings Technology Metals Limited Corporate Events
Hastings Technology Metals Lapses 2.58 Million Performance Rights
Jul 3, 2026
Hastings Technology Metals has reported the lapse of 2,583,598 performance rights, following the failure or impossibility of satisfying the conditions attached to these securities as of June 30, 2026. The cessation of these conditional rights trim...
Hastings Technology Metals Seeks ASX Quotation for New Share Issue
Jul 3, 2026
Hastings Technology Metals Ltd has applied to the ASX for quotation of 2,739,726 additional ordinary fully paid shares under its HAS ticker. The new securities, issued on 23 June 2026 and linked to previously announced transactions, will expand th...
Hastings Technology Metals Raises Capital via Professional Investor Share Placement
Jun 24, 2026
Hastings Technology Metals has issued 2,739,726 new shares at $0.365 each to professional and sophisticated investors via a share placement, expanding its capital base without providing a prospectus under the relevant Corporations Act provisions. ...
Hastings Secures $1 Million Strategic Investment from Malaco Mining to Advance Rare Earths Strategy
Jun 23, 2026
Hastings Technology Metals has secured a $1 million strategic investment from Malaco Mining, a Malaysian mining company that is expanding into the rare earth sector and developing a rare earth separation plant in Malaysia. The investment, structur...
Hastings Technology Metals Seeks Trading Halt Ahead of Capital Raising
Jun 19, 2026
Hastings Technology Metals has requested a trading halt on its securities on the Australian Securities Exchange as it prepares a market announcement related to a capital raising. Trading in the company’s shares will be paused until either th...
Hastings Technology Metals Withdraws Duplicate ASX Securities Application
May 28, 2026
Hastings Technology Metals Limited has lodged an Appendix 2A with the ASX to cancel a previous application for quotation of securities. The company states that the Appendix 2A lodged on 25 May 2026 was submitted in error as it duplicated an earlie...
Hastings Technology Metals Seeks ASX Quotation for 2.9 Million New Shares
May 24, 2026
Hastings Technology Metals Ltd has applied to the ASX for quotation of 2,941,010 fully paid ordinary shares following the conversion of HASO options on 4 May 2026, issued under a prospectus dated 27 March 2024. The company noted that an automatic ...
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...
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.