Hamelin Gold Limited (AU:HMG)
ASX:HMG
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Hamelin Gold Limited
(Sydney:HMG)
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Rating:44Neutral
Price Target:
AU$0.10
▲(70.00% Upside)
Action:ReiteratedDate:04/14/26
The score is held down primarily by weak financial performance (pre-revenue, widening losses, and ongoing cash burn), partially offset by the low-debt balance sheet. Technicals are mixed/neutral and do not provide a strong positive catalyst, while valuation is constrained by losses (negative P/E) and the absence of dividend support.
Positive Factors
Low leverage / Balance sheet conservatism
A debt-free balance sheet materially lowers solvency and interest-rate risk for an explorer that lacks operating cash flow. This structural strength preserves strategic optionality — enabling farm-ins, JVs or staged project funding without immediate interest burdens or covenant constraints.
Negative Factors
Pre-revenue profile and widening losses
Absence of operational revenue means long-term value creation depends entirely on exploration success or transactions. Widening losses amplify financing needs and lengthen the path to self-sufficiency, increasing execution risk and the probability of dilutive capital raises if targets aren't met.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / Balance sheet conservatism
A debt-free balance sheet materially lowers solvency and interest-rate risk for an explorer that lacks operating cash flow. This structural strength preserves strategic optionality — enabling farm-ins, JVs or staged project funding without immediate interest burdens or covenant constraints.
Read all positive factors
Hamelin Gold Limited (HMG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$19.83M
Dividend YieldN/A
Average Volume (3M)321.61K
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue GrowthN/A
EPS Growth20.95%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding198,303,570
10 Day Avg. Volume338,602
30 Day Avg. Volume321,614
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.57
Price to Sales (P/S)0.00
P/FCF Ratio-16.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Hamelin Gold Limited Business Overview & Revenue Model
Company Description
Hamelin Gold Limited operates as a mineral exploration company in the Western Tanami region of Western Australia. It holds 100% interest in the West Tanami project covering 2,277 square kilometers of gold province located in Western Australia. The...
How the Company Makes Money
HMG does not operate as a producer and therefore does not typically generate recurring revenue from the sale of commodities. Instead, its economic model is generally based on increasing the value of its exploration portfolio through successful exp...
Hamelin Gold Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 5.08K | 0.00 | 0.00 |
| Gross Profit | -108.06K | -146.63K | -88.22K | -15.00K | 0.00 |
| EBITDA | -7.16M | -1.18M | -901.05K | -1.28M | 0.00 |
| Net Income | -7.27M | -1.33M | -994.35K | -1.30M | -7.92K |
Balance Sheet | |||||
| Total Assets | 19.34M | 23.75M | 24.93M | 21.58M | 21.32M |
| Cash, Cash Equivalents and Short-Term Investments | 4.94M | 4.96M | 7.75M | 7.16M | 9.19M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 66.88K |
| Total Liabilities | 458.38K | 489.13K | 442.30K | 903.84K | 182.73K |
| Stockholders Equity | 18.89M | 23.26M | 24.49M | 20.68M | 21.14M |
Cash Flow | |||||
| Free Cash Flow | -662.30K | -3.87M | -4.63M | -2.15M | 0.00 |
| Operating Cash Flow | -662.30K | -561.38K | -629.06K | -404.09K | 0.00 |
| Investing Cash Flow | -2.03M | -2.21M | -3.41M | -1.68M | 0.00 |
| Financing Cash Flow | 2.67M | -11.43K | 4.62M | 9.20M | 0.00 |
Hamelin Gold Limited Technical Analysis
Neutral
0.06
Price Trends
0.12
Negative
0.09
Positive
0.08
Positive
Market Momentum
>-0.01
Positive
45.55
Neutral
27.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HMG, the sentiment is Neutral. The current price of 0.06 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.12, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.55 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:HMG.
Hamelin Gold 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% | |
45 Neutral | AU$13.01M | ― | -16.76% | ― | ― | -48.83% | |
44 Neutral | AU$19.83M | -3.82 | -22.98% | ― | ― | 20.95% | |
44 Neutral | AU$15.14M | -2.34 | -14.17% | ― | 3.74% | 4.17% | |
44 Neutral | AU$24.59M | 29.28 | -1.78% | ― | ― | 77.91% | |
43 Neutral | AU$12.97M | 37.48 | -4.21% | ― | ― | 80.00% |
* Basic Materials Sector Average
AU:HMG
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Hamelin Gold Limited Corporate Events
Hamelin Gold updates market on director Philip Crutchfield’s changed share interests
Apr 28, 2026
Hamelin Gold Limited has disclosed a change in the securities interests held by director Philip Crutchfield, as required under ASX listing rules. The notice details both his direct and indirect holdings, including interests held via private entiti...
Hamelin Gold maps out multi-province drilling push across WA projects
Apr 24, 2026
Hamelin Gold has outlined a busy 2026 drilling schedule across its Western Australian exploration portfolio, with reverse circulation drilling of about 3,000 metres planned at the Day Dawn Project in the Paterson Province following the imminent gr...
Hamelin Gold Reaffirms Compliance in WA Exploration Update
Apr 23, 2026
Hamelin Gold Limited has released a presentation titled “The Hole Story,” outlining its ongoing gold exploration efforts in Western Australia’s key gold provinces, including the Lake Austin–Cue area. The company reiterates ...
Hamelin Gold Issues Interim Financial Report for Half-Year to 31 December 2025
Mar 9, 2026
Hamelin Gold Limited has released its interim consolidated financial report for the half-year ended 31 December 2025, detailing profit or loss, financial position, cash flows and changes in equity. The inclusion of a directors’ report and in...
Hamelin Gold Denies Undisclosed News Behind Share Price Surge
Feb 23, 2026
Hamelin Gold Limited has responded to a price and volume query from the Australian Securities Exchange after its share price more than doubled and trading volumes surged over several days. The company stated it is not aware of any undisclosed info...
Hamelin Gold Director Justin Osborne Increases Shareholding
Feb 23, 2026
Hamelin Gold has reported a change in the interests of director Justin Osborne, following transactions conducted between 17 and 20 February 2026. Osborne, through indirect holdings, acquired 150,000 additional ordinary fully paid shares, while ret...
Hamelin Gold Discloses Change in Director Philip Crutchfield’s Shareholdings
Feb 20, 2026
Hamelin Gold Limited has reported a change in the interests of its securities held by director Philip Crutchfield, as disclosed in a formal notice to the ASX. The update reflects adjustments to both his direct and indirect holdings through various...
Hamelin Gold Defines High‑Grade Aurora Lode at Day Dawn Project
Feb 8, 2026
Hamelin Gold has identified a high‑grade gold structure, the Aurora Lode, at its Day Dawn Project in Western Australia’s Paterson Province following a detailed review and validation of historical drilling data. The lode sits about 10 k...
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.