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$0.49
▲(6.09% Upside)
Action:ReiteratedDate: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 focus on rare earths and downstream processing
Hastings’ stated focus on rare earths for high-performance permanent magnets aligns with durable secular demand from EV motors, wind turbines and industrial magnets. Downstream processing capability aims to capture more value across the supply chain, supporting longer-term revenue and margin opportunities beyond raw concentrate sales.
Negative Factors
Deep net losses and weak operating profitability
Very large net losses versus minimal revenue show the company is not yet generating sustainable operating profits. This undermines the ability to self-fund development, risks recurring dilution or expensive financing, and signals that margins remain under pressure until project output or downstream sales scale and non‑operating charges stabilize.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic focus on rare earths and downstream processing
Hastings’ stated focus on rare earths for high-performance permanent magnets aligns with durable secular demand from EV motors, wind turbines and industrial magnets. Downstream processing capability aims to capture more value across the supply chain, supporting longer-term revenue and margin opportunities beyond raw concentrate sales.
Read all positive factors
Hastings Technology Metals Limited (HAS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$103.18M
Dividend YieldN/A
Average Volume (3M)909.75K
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue GrowthN/A
EPS Growth-414.88%
CountryAU
Employees21
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding221,885,850
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$0.45Price Target Upside-2.17% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
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
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
0.46
Price Trends
0.48
Negative
0.52
Negative
0.45
Positive
Market Momentum
>-0.01
Negative
48.44
Neutral
59.26
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 0.46 is above the 20-day moving average (MA) of 0.45, below the 50-day MA of 0.48, and above the 200-day MA of 0.45, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.44 is Neutral, neither overbought nor oversold. The STOCH value of 59.26 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% | |
52 Neutral | AU$138.06M | 51.54 | -0.50% | ― | ― | 12.50% | |
47 Neutral | AU$363.05M | -13.41 | -22.74% | ― | ― | -43.08% | |
45 Neutral | AU$103.18M | -12.92 | -67.75% | ― | ― | -414.88% | |
44 Neutral | AU$34.36M | -1.90 | -12.11% | ― | ― | 23.60% | |
43 Neutral | AU$36.96M | -11.22 | -0.02% | ― | ― | -12.34% | |
41 Neutral | AU$21.83M | -7.09 | -51.58% | ― | -100.00% | 8.51% |
* Basic Materials Sector Average
AU:HAS
Hastings Technology Metals Limited
0.47
0.17
58.70%
AU:GL1
Global Lithium Resources Ltd.
0.53
0.36
208.82%
AU:REE
RareX Limited
0.02
>-0.01
-21.74%
AU:TGN
Tungsten Mining NL
0.26
0.17
202.33%
AU:BKT
Black Rock Mining Limited
0.02
>-0.01
-20.00%
AU:LEL
Lithium Energy Ltd.
0.33
-0.04
-10.81%
Hastings Technology Metals Limited Corporate Events
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...
Hastings Technology Metals Seeks ASX Quotation for New Ordinary Shares
Feb 3, 2026
Hastings Technology Metals Ltd has applied to the ASX for quotation of 15,253 new fully paid ordinary shares, following the issue of these securities on 3 February 2026. The relatively small share issuance, arising from the exercise or conversion ...
Hastings Refocuses on Yangibana Rare Earths as Gold Assets Divested and US Supply Chain Deal Advances
Jan 30, 2026
Hastings Technology Metals has sharpened its strategic focus on rare earths by completing the divestment of its non-core gold assets—Whiteheads, Ark and Darcy—to Metal Bank, and distributing about 160 million Metal Bank shares in-speci...
Hastings Taps Enuo to Unlock Niobium and By-Product Value at Yangibana and Brockman
Jan 26, 2026
Hastings Technology Metals has signed a binding Technical Services and Research Agreement with Enuo Holdings to conduct targeted metallurgical and beneficiation test work on ore from its Yangibana and Brockman projects, aiming to better understand...
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.
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