Hammer Metals Limited (AU:HMX)
ASX:HMX
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Hammer Metals Limited
(Sydney:HMX)
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Rating:52Neutral
Price Target:
AU$0.04
▲(43.33% Upside)
Action:Reiterated
Date:05/30/26
The score is primarily held back by weak financial performance—ongoing losses and negative operating/free cash flow—despite a low-leverage balance sheet. Technical indicators are supportive with positive momentum, but valuation remains constrained by the lack of profitability and no dividend yield.
Positive Factors
Low-leverage balance sheet
A very low debt-to-equity ratio and healthy equity ratio give Hammer Metals structural financial flexibility, reducing near-term solvency risk and enabling the company to fund exploration or weather commodity cycles without the constraints high leverage imposes on cash allocation and risk profile.
Negative Factors
Persistent unprofitability
Consistent negative margins and a negative return on equity signal Hammer Metals has not translated operations into shareholder returns. Over months, continued losses will deplete reserves or require financing, limiting reinvestment capacity and raising execution and dilution risk for investors.
Read all positive and negative factors
Positive Factors
Negative Factors
Low-leverage balance sheet
A very low debt-to-equity ratio and healthy equity ratio give Hammer Metals structural financial flexibility, reducing near-term solvency risk and enabling the company to fund exploration or weather commodity cycles without the constraints high leverage imposes on cash allocation and risk profile.
Read all positive factors
Hammer Metals Limited (HMX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$38.39M
Dividend YieldN/A
Average Volume (3M)725.22K
Price to Earnings (P/E)―
Beta (1Y)1.65
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 (HMX) is an Australian mining and exploration company focused on the discovery and development of mineral resources, particularly in copper and gold. The company operates primarily in the resource sector, leveraging advanced ...
How the Company Makes Money
null...
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
0.03
Positive
0.04
Positive
0.03
Positive
Market Momentum
<0.01
Negative
62.50
Neutral
70.56
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 0.04, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.50 is Neutral, neither overbought nor oversold. The STOCH value of 70.56 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% | |
52 Neutral | AU$38.39M | -18.58 | -6.28% | ― | -100.00% | -141.82% | |
51 Neutral | AU$30.18M | -5.09 | -24.90% | ― | ― | 77.87% | |
46 Neutral | AU$4.41M | -2.08 | -55.63% | ― | ― | -85.71% | |
45 Neutral | AU$33.28M | -6.50 | -26.87% | ― | ― | -100.00% | |
| ― | AU$5.35M | -0.54 | -119.59% | ― | ― | 20.68% | |
46 Neutral | AU$30.37M | -10.60 | -17.92% | ― | ― | 14.47% |
* Basic Materials Sector Average
AU:HMX
Hammer Metals Limited
0.04
<0.01
16.22%
AU:COY
Coppermoly Limited
0.01
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-23.08%
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Rimfire Pacific Mining Limited
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-33.33%
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Hammer Metals Limited Corporate Events
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...
Hammer Metals launches major drilling push at Kalman critical metals hub
Mar 9, 2026
Hammer Metals plans a major new drilling campaign at its Kalman Critical Metals Deposit near Mount Isa, targeting copper-gold, molybdenum and rhenium mineralisation. The program aims to upgrade remaining Inferred open-pit resources to Indicated st...
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.