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Hamelin Gold Limited
(Sydney:HMG)
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Rating:44Neutral
Price Target:
AU$0.10
▲(58.33% Upside)
Action:Reiterated
Date: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 / Conservative Balance Sheet
A zero-debt capital structure materially reduces solvency and interest-rate risk for an exploration company. Over a 2–6 month horizon this conservatism preserves optionality to fund drilling or strategic deals via equity or JV rather than servicing debt, improving operational resilience.
Negative Factors
Pre-revenue & Widening Losses
The company remains pre-revenue and reported a materially larger net loss in 2025, indicating escalating cash consumption to fund exploration. Structurally, widening losses increase the need for external capital or asset sales and raise the risk of dilution before any resource monetisation occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Conservative Balance Sheet
A zero-debt capital structure materially reduces solvency and interest-rate risk for an exploration company. Over a 2–6 month horizon this conservatism preserves optionality to fund drilling or strategic deals via equity or JV rather than servicing debt, improving operational resilience.
Read all positive factors
Hamelin Gold Limited (HMG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$19.43M
Dividend YieldN/A
Average Volume (3M)321.61K
Price to Earnings (P/E)―
Beta (1Y)1.39
Revenue GrowthN/A
EPS Growth20.95%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
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 functions as a mineral exploration enterprise, primarily concentrating its efforts within Western Australia's Western Tanami district. The company possesses complete ownership of its key asset, the West Tanami project, a subst...
How the Company Makes Money
Hamelin Gold Limited does not have publicly verifiable operating revenue streams from producing mines in the information available here; therefore, details of recurring revenue from product sales are null. In general, companies at HMG’s stage (exp...
Hamelin Gold Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 5.08K | 0.00 | 0.00 |
| Gross Profit | -91.68K | -108.06K | -146.63K | -88.22K | -15.00K | 0.00 |
| EBITDA | -4.00M | -7.16M | -1.18M | -901.05K | -1.28M | 0.00 |
| Net Income | -4.26M | -7.27M | -1.33M | -994.35K | -1.30M | -7.92K |
Balance Sheet | ||||||
| Total Assets | 18.58M | 19.34M | 23.75M | 24.93M | 21.58M | 21.32M |
| Cash, Cash Equivalents and Short-Term Investments | 3.68M | 4.94M | 4.96M | 7.75M | 7.16M | 9.19M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 66.88K |
| Total Liabilities | 385.68K | 458.38K | 489.13K | 442.30K | 903.84K | 182.73K |
| Stockholders Equity | 18.20M | 18.89M | 23.26M | 24.49M | 20.68M | 21.14M |
Cash Flow | ||||||
| Free Cash Flow | -2.59M | -662.30K | -3.87M | -4.63M | -2.15M | 0.00 |
| Operating Cash Flow | -835.97K | -662.30K | -561.38K | -629.06K | -404.09K | 0.00 |
| Investing Cash Flow | -1.51M | -2.03M | -2.21M | -3.41M | -1.68M | 0.00 |
| Financing Cash Flow | 2.67M | 2.67M | -11.43K | 4.62M | 9.20M | 1.00 |
Hamelin Gold Limited Technical Analysis
Neutral
0.06
Price Trends
0.11
Negative
0.12
Negative
0.09
Positive
Market Momentum
>-0.01
Negative
47.72
Neutral
33.33
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 0.10, below the 50-day MA of 0.11, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.72 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 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% | |
47 Neutral | AU$25.13M | -21.07 | -13.61% | ― | ― | 6.67% | |
44 Neutral | AU$19.43M | -4.23 | -22.98% | ― | ― | 20.95% | |
44 Neutral | AU$19.17M | -38.64 | -1.78% | ― | ― | 77.91% | |
42 Neutral | AU$20.48M | -5.63 | -22.76% | ― | ― | -36.53% | |
40 Underperform | AU$17.07M | -4.62 | -78.42% | ― | ― | 46.51% |
* Basic Materials Sector Average
AU:HMG
Hamelin Gold Limited
0.10
0.03
41.43%
AU:WMG
Western Mines Group Ltd
0.17
-0.07
-29.17%
AU:AHK
ARK Mines Ltd
0.26
0.10
59.38%
AU:LAT
DiscovEx Resources Limited
0.10
0.06
163.16%
AU:MVL
Marvel Gold Ltd.
0.01
>-0.01
-14.29%
AU:CVR
Cavalier Resources Limited
0.30
0.01
5.36%
Hamelin Gold Limited Corporate Events
Hamelin Gold Cancels 1.1 Million Employee Options, Trimming Future Dilution
Jun 29, 2026
Hamelin Gold Limited has cancelled 1,100,000 employee options, comprising 1,000,000 options that expired without being exercised and 100,000 options following the termination of an employee. The company will lodge the required notice of these secu...
Hamelin Gold Secures Day Dawn Tenement and Drilling Grant Near Telfer Mine
May 6, 2026
Hamelin Gold has secured the Day Dawn exploration licence, a ~20 square kilometre gold project located about 10 kilometres northwest of the Telfer gold-copper mine in Western Australia’s Paterson Province. The company has reinterpreted histo...
Hamelin Gold Updates Market on Managing Director’s Change in Securities Holdings
May 5, 2026
Hamelin Gold Limited has disclosed a change in the relevant interests of Managing Director and CEO Peter Bewick in the company’s securities. The notice details adjustments to his direct and indirect holdings of ordinary shares and options, i...
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 ...
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.