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Hillgrove Resources Limited
(Sydney:HGO)
Hillgrove Resources Limited (HGO) vs. iShares MSCI Australia ETF (EWA)
Hillgrove Resources Limited Business Overview & Revenue Model
Hillgrove Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 153.49M | 112.39M | 0.00 | 0.00 | 0.00 | 20.25M |
| Gross Profit | 48.59M | 1.46M | -5.98M | -165.00K | -2.00K | -1.36M |
| EBITDA | 33.52M | 21.24M | -12.68M | -4.46M | -5.43M | -5.41M |
| Net Income | -17.79M | -24.03M | -16.33M | -5.97M | -5.86M | -5.95M |
Balance Sheet | ||||||
| Total Assets | 132.04M | 107.39M | 101.06M | 52.90M | 51.29M | 35.89M |
| Cash, Cash Equivalents and Short-Term Investments | 10.62M | 3.26M | 10.24M | 5.30M | 10.74M | 5.60M |
| Total Debt | 6.55M | 8.69M | 19.30M | 7.20M | 0.00 | 0.00 |
| Total Liabilities | 71.30M | 65.81M | 46.18M | 20.33M | 13.35M | 12.67M |
| Stockholders Equity | 60.74M | 41.57M | 54.88M | 32.57M | 37.94M | 23.22M |
Cash Flow | ||||||
| Free Cash Flow | -6.88M | -11.22M | -31.29M | -13.58M | -14.29M | -6.03M |
| Operating Cash Flow | 31.99M | 21.00M | -8.78M | -5.71M | -4.89M | -3.00M |
| Investing Cash Flow | -39.06M | -32.02M | -22.46M | -5.57M | -9.39M | -2.78M |
| Financing Cash Flow | 10.26M | 4.04M | 36.17M | 5.89M | 19.42M | 2.04M |
Hillgrove Resources Limited Technical Analysis
Hillgrove Resources Limited Peers Comparison
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% | |
53 Neutral | AU$292.09M | -22.47 | -4.91% | ― | ― | -20.00% | |
51 Neutral | AU$174.12M | -5.93 | -29.41% | ― | 281.37% | 2.27% | |
49 Neutral | AU$195.57M | -25.36 | -73.21% | ― | ― | -11.29% | |
48 Neutral | AU$9.37M | -2.46 | -157.73% | ― | ― | 6.15% | |
46 Neutral | AU$169.88M | -1.15 | ― | ― | -57.00% | -1789.13% | |
44 Neutral | AU$260.84M | -3.40 | ― | ― | ― | ― |
Hillgrove Resources Limited Corporate Events
Hillgrove Resources has completed the Nugent Decline on schedule at its Kanmantoo Copper Mine, successfully linking the Nugent and Kavanagh underground mining areas. The new connection provides efficient access to approximately 1.3 million tonnes of mineral resources and is expected to relieve congestion in the Kavanagh orebody by adding new mining fronts and production levels, while also improving trucking efficiencies via a decline loop. With 2.2 kilometres of development at Nugent finished this year and stoping now underway, the company says it remains on track to lift mining rates to 1.7–1.8 million tonnes per annum in the first half of 2026, reinforcing its push to scale up production and strengthen operational performance at Kanmantoo.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited announced a change in the director’s interest, with Derek Carter acquiring 1,428,572 ordinary shares through participation in a placement approved at a recent general meeting. This acquisition reflects ongoing strategic positioning within the company, potentially impacting its market operations and signaling confidence in its future prospects.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited has issued 146,476,966 fully paid ordinary shares at a price of A$0.035 per share as part of a placement initially announced in September 2025. This move, conducted without disclosure under Part 6D.2 of the Corporations Act, aligns with the company’s compliance with regular reporting obligations and indicates a strategic effort to raise capital, potentially impacting its operational capacity and market positioning.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited announced the cessation of 25,286,158 performance rights, as the conditions for these securities were not met or became incapable of being satisfied. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s future performance and strategic direction.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited, an Australian company listed on the ASX, held a General Meeting where all proposed resolutions were passed. The meeting results indicate strong shareholder support for the company’s strategic decisions, including director participation in share placements and the ratification of share issues, which could enhance the company’s financial position and operational capabilities.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited announced a presentation by CEO Bob Fulker at their General Meeting, highlighting the company’s ongoing operations and strategic direction. This announcement may impact stakeholders by providing insights into Hillgrove’s future plans and reinforcing its position in the copper industry.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited has announced updates to its proposed issue of securities, specifically regarding the Tranche 2 Placement. The updates include changes to the General Meeting date for approval and the issue date for the Tranche 2 Placement. These adjustments are part of the company’s efforts to manage its capital raising activities effectively, which could impact its operational funding and strategic initiatives.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited has announced a significant increase in its Mineral Resource Estimate (MRE) and Ore Reserve Estimate (ORE) at the Kanmantoo Copper mine. The 2025 Ore Reserve shows a 43% increase in reserve tonnes and a 33% increase in contained copper compared to 2024, while the Mineral Resource Estimate reflects a 14% increase in total tonnes and a 46% increase in contained gold. These updates highlight the strength of the Kanmantoo copper system and suggest an extended life for the mine, bolstering confidence in the long-term viability of Hillgrove’s operations.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited reported significant progress in the September 2025 quarter, with the Nugent Production Centre becoming operational and achieving early access to production tonnes. The company saw an 8% increase in copper production and a 10% reduction in costs. Successful drilling at Emily Star and Nugent has bolstered growth prospects, while a $28 million capital raise will support further development. Hillgrove’s sustainability efforts were recognized as a finalist for an environmental award, highlighting its commitment to positive environmental outcomes.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited has announced a General Meeting of Shareholders scheduled for 25 November 2025. The meeting will address shareholder arrangements and provide necessary documents, accessible online, to ensure compliance with the Corporations Act 2001. This meeting is a critical step for the company to engage with its shareholders and discuss future directions.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited has announced significant high-grade copper-gold intersections from its ongoing drilling operations at the Kanmantoo Copper Mine. The recent drilling results have confirmed substantial extensions to the Kavanagh mineralisation, particularly in the East Kavanagh zone, which is expected to enhance the company’s mineral resource estimates for 2026. The drilling efforts have achieved a total of 50,140 metres year-to-date, nearing the 60,000 metre target for 2025, and have contributed to a better understanding of the lode geometry, potentially impacting future resource growth and operational strategies.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited announced that it will release its September 2025 Quarterly Report on 28 October 2025, followed by a conference call hosted by its CEO and CFO to discuss the results. This announcement is part of Hillgrove’s ongoing efforts to maintain transparency with stakeholders and provide insights into its financial performance and strategic direction.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited announced its participation in the Emerging Copper Stars Conference, where CEO Bob Fulker delivered a presentation. This engagement highlights Hillgrove’s active role in the copper industry and its efforts to strengthen its market position by showcasing its capabilities and future prospects to potential investors and stakeholders.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited has commenced production from the Nugent deposit ahead of schedule, marking a significant milestone in its growth strategy. The Nugent mining area is expected to play a crucial role in the expansion of the Kanmantoo copper mine, with an anticipated increase in the annualized mining rate to 1.7-1.8 million tonnes per annum by the first half of 2026. This expansion is set to enhance operational flexibility, reduce unit operating costs, and strengthen the company’s production profile, benefiting stakeholders by improving margins and increasing throughput.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited announced its participation in the Emerging Copper Stars Conference, where CEO Bob Fulker will present. This engagement highlights Hillgrove’s strategic efforts to position itself as a key player in the copper industry, potentially impacting its market presence and stakeholder relations.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.05 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited has issued 653,523,034 fully paid ordinary shares at A$0.035 per share to institutional shareholders as part of a placement announced on September 30, 2025. This move, executed without disclosure under Part 6D.2 of the Corporations Act, reflects the company’s ongoing compliance with regulatory obligations and its strategy to strengthen its financial position, potentially impacting its market operations and investor relations.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited has announced the quotation of 653,523,034 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective from October 8, 2025. This move is part of a previously announced transaction, potentially impacting the company’s market presence and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited announced an update regarding the issue date for the Tranche 1 Placement of securities. This update is part of their ongoing efforts to manage their securities offerings and maintain compliance with ASX Listing Rules, potentially impacting investor relations and market positioning.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited has announced a proposed issue of 800,000,000 ordinary fully paid securities, scheduled for issuance on October 6, 2025. This move is part of the company’s strategy to raise capital, which could potentially strengthen its financial position and support its operational and expansion plans in the mining sector.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.
Hillgrove Resources Limited has successfully raised $28 million through a share placement to institutional and sophisticated investors, aimed at advancing its copper projects. The funds will be used to accelerate development at the Nugent ore body and further exploration at Emily Star, with expectations of increasing production and reducing unit operating costs at the Kanmantoo site.
The most recent analyst rating on (AU:HGO) stock is a Buy with a A$0.06 price target. To see the full list of analyst forecasts on Hillgrove Resources Limited stock, see the AU:HGO Stock Forecast page.