Hammer Metals Limited (AU:HMX)
ASX:HMX
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Hammer Metals Limited
(Sydney:HMX)
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Rating:51Neutral
Price Target:
AU$0.06
▲(90.00% Upside)
Action:Reiterated
Date:06/16/26
The score is held back primarily by weak financial performance—ongoing losses and negative operating/free cash flow despite strong revenue growth. Technicals provide partial support with a clear uptrend and positive MACD, but overextended momentum signals (high RSI/Stoch) add risk. Valuation remains pressured due to the negative P/E and lack of dividend data.
Positive Factors
Low leverage / strong equity position
Extremely low debt (D/E 0.0042) reduces financial distress risk and preserves flexibility to fund multi‑year exploration programs. This durable capital structure lets management pursue drilling and evaluation without heavy interest burdens, supporting long-term project optionality.
Negative Factors
Persistent unprofitability and negative margins
Consistent negative net, EBIT and EBITDA margins indicate the company cannot yet turn revenue into profit. Over multiple reporting periods this erodes reserves, increases reliance on external funding and limits reinvestment, impairing sustainable progress toward development milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong equity position
Extremely low debt (D/E 0.0042) reduces financial distress risk and preserves flexibility to fund multi‑year exploration programs. This durable capital structure lets management pursue drilling and evaluation without heavy interest burdens, supporting long-term project optionality.
Read all positive factors
Hammer Metals Limited (HMX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$48.21M
Dividend YieldN/A
Average Volume (3M)725.22K
Price to Earnings (P/E)―
Beta (1Y)1.67
Revenue Growth-100.00%
EPS Growth-141.82%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding892,758,700
10 Day Avg. Volume900,556
30 Day Avg. Volume725,216
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.74
Price to Sales (P/S)109.11
P/FCF Ratio-6.18
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
Hammer Metals Limited Business Overview & Revenue Model
Company Description
Hammer Metals Limited is an Australian company involved in the exploration and potential extraction of mineral resources across the country. Its core activities are centered on identifying deposits of iron oxide, copper, cobalt, and gold, along wi...
How the Company Makes Money
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Hammer Metals Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 156.81K | 227.32K | 177.06K | 190.97K | 214.86K | 269.52K |
| Gross Profit | 115.36K | 227.32K | 177.06K | -100.58K | 172.41K | 242.61K |
| EBITDA | -1.13M | -1.18M | -2.11M | -1.18M | -593.04K | -579.71K |
| Net Income | -2.07M | -2.92M | 6.27M | -1.29M | -645.27K | -611.52K |
Balance Sheet | ||||||
| Total Assets | 33.46M | 34.39M | 36.74M | 29.68M | 27.67M | 28.06M |
| Cash, Cash Equivalents and Short-Term Investments | 3.36M | 2.56M | 5.23M | 4.36M | 5.19M | 9.71M |
| Total Debt | 93.60K | 141.29K | 177.59K | 164.59K | 233.94K | 296.59K |
| Total Liabilities | 1.10M | 1.02M | 838.26K | 608.49K | 925.50K | 1.47M |
| Stockholders Equity | 32.37M | 33.37M | 35.90M | 29.07M | 26.75M | 26.60M |
Cash Flow | ||||||
| Free Cash Flow | -2.12M | -4.01M | -3.41M | -5.80M | -5.93M | -4.49M |
| Operating Cash Flow | -569.56K | -556.69K | -1.51M | -982.78K | -1.00M | -619.67K |
| Investing Cash Flow | 1.30M | -2.01M | 2.27M | -3.22M | -3.58M | -2.92M |
| Financing Cash Flow | -100.31K | -104.17K | 104.62K | 3.36M | 69.39K | 10.56M |
Hammer Metals Limited Technical Analysis
Positive
0.03
Price Trends
0.04
Positive
0.04
Positive
0.04
Positive
Market Momentum
<0.01
Negative
63.52
Neutral
58.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HMX, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 63.52 is Neutral, neither overbought nor oversold. The STOCH value of 58.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:HMX.
Hammer 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% | |
51 Neutral | AU$48.21M | -23.91 | -6.28% | ― | -100.00% | -141.82% | |
51 Neutral | AU$21.80M | -5.09 | -24.90% | ― | ― | 77.87% | |
46 Neutral | AU$3.53M | -4.00 | -55.63% | ― | ― | -85.71% | |
45 Neutral | AU$33.28M | -12.00 | -26.87% | ― | ― | -100.00% | |
| ― | AU$4.91M | -0.54 | -119.59% | ― | ― | 20.68% | |
43 Neutral | AU$30.47M | -8.96 | -17.92% | ― | ― | 14.47% |
* Basic Materials Sector Average
AU:HMX
Hammer Metals Limited
0.05
0.02
86.21%
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Hammer Metals Limited Corporate Events
Hammer Metals Extends Trading Suspension Amid Potential Change-of-Control Deal
Jun 10, 2026
Hammer Metals Limited has extended the voluntary suspension of trading in its securities on the ASX, as it continues to negotiate a potential material corporate transaction that could result in a change of control. The suspension will remain in pl...
Hammer Metals Requests ASX Suspension Ahead of Potential Change-of-Control Deal
Jun 9, 2026
Hammer Metals has requested a voluntary suspension of trading in its securities on the ASX from 9 June 2026, and the exchange has formally suspended the stock under Listing Rule 17.2. The move comes as the company prepares an announcement regardin...
Hammer Metals Reports Lapse of 1.5 Million Performance Rights
Jun 5, 2026
Hammer Metals Limited has reported the lapse of 1,500,000 performance rights, which have ceased because the specified conditions for their conversion were not satisfied or became incapable of being met. The cessation modestly adjusts the company&#...
Hammer Metals Corrects Director Shareholding Disclosure
Jun 5, 2026
Hammer Metals Limited has corrected an administrative error in a previously lodged director’s interest notice relating to Chairman Russell Davis’s indirect shareholding. The company clarified that the Davis Family Investment Trust̵...
Hammer Metals Wins South32 Backing at Isa Valley as Sumitomo Exits Bullrush JV
Jun 5, 2026
Hammer Metals has secured continued backing from a South32 subsidiary at its Isa Valley project near Mount Isa, with the major electing to move into Stage 3 of an earn-in agreement. South32 will commit A$3 million in exploration over three years t...
Hammer Metals Seeks Trading Halt Ahead of Potential Change-of-Control Deal
Jun 4, 2026
Hammer Metals Limited has requested and been granted a trading halt on its securities by the ASX, effective 4 June 2026, while it prepares a significant announcement. The halt will remain in place until either normal trading commences on 9 June 20...
Hammer Metals flags strong Kalman drilling results and resource upgrade push
May 24, 2026
Hammer Metals reported strong initial results from a resource upgrade drilling program at its 100%-owned Kalman Critical Metals Project, with six of eight planned holes completed and partial assays from hole K-162 confirming multiple thick zones o...
Hammer Metals ramps up Kalman drilling and advances Mount Isa and Yandal portfolios
Apr 29, 2026
Hammer Metals has begun a new drilling campaign at its Kalman critical metals project near Mount Isa, targeting both resource upgrades and regional growth, including 3km of reverse circulation drilling aimed at converting Inferred open-pit resourc...
Hammer Metals Reaffirms Resource Base and Exploration Upside in Investor Update
Apr 12, 2026
Hammer Metals has released an investor presentation outlining its combination of near-term development potential and exploration upside across its copper, gold and critical minerals projects. The company highlights existing JORC-compliant mineral ...
Hammer Metals maps out 2026 Mt Isa exploration push with new drill-ready targets
Apr 1, 2026
Hammer Metals has completed a portfolio-wide prospectivity review across its extensive Mount Isa holdings, integrating geological, geophysical and historical drilling data to prioritise exploration for the 2026 field season. The work has highlight...
Hammer Metals Wins Queensland Grants to Advance Mount Isa Exploration
Mar 25, 2026
Hammer Metals has secured two Queensland Government Collaborative Exploration Initiative grants totalling about $336,000 to advance exploration within its Mount Isa Project in North-West Queensland. The funding supports deep diamond drilling at th...
Hammer Metals JV drilling highlights growing prospectivity at Mount Isa projects
Mar 19, 2026
Hammer Metals has reported encouraging early results from joint venture drilling at its Bullrush copper-gold and Isa Valley base metals projects in the Mount Isa region. The programs, conducted with partners Sumitomo Metal Mining Oceania and a Sou...
Hammer Metals files half-year financial report and updates capital position
Mar 16, 2026
Hammer Metals Limited has released its half-year financial report for the six months ended 31 December 2025, providing investors with updated financial and capital structure information. The company reported a market capitalisation of about $39 mi...
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.