Heavy Minerals Ltd (HVY) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 86.19K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.77
• Revenue Growth: N/A
• EPS Growth: -7.28%
• Country: US
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 69,053,590
• 10 Day Avg. Volume: 83,831
• 30 Day Avg. Volume: 86,188
• PEG Ratio: -0.97
• Price to Book (P/B): 8.42
• Price to Sales (P/S): 453.10
• P/FCF Ratio: -11.67
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: AU$0.59 ▲(17.60% Upside)

Heavy Minerals Ltd's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and persistent losses. Technical analysis provides a mixed outlook with some potential for bullish momentum, but valuation metrics are unattractive due to negative earnings. The absence of earnings call and corporate events data limits additional insights.

Positive Factors

Strategic commodity exposure

Heavy Minerals’ focus on zircon, ilmenite and rutile ties its product mix to durable industrial end-markets (ceramics, titanium, manufacturing). Structural demand for these inputs supports long-term revenue potential and strategic relevance across multiple stable industries.

Balanced leverage position

A near-1.0 debt-to-equity ratio indicates manageable leverage versus highly indebted peers. This balanced capital structure preserves financing optionality and reduces immediate refinancing strain, supporting the company’s ability to fund development or weather commodity cycles.

Stable gross profit margin

A consistent gross margin implies the company can extract value at the mining/processing level. Sustained extraction margins provide a structural buffer to recover profitability if overheads and operating cash flow issues are addressed, aiding long-term margins once scale or cost controls improve.

Negative Factors

Severe revenue decline

A more-than-50% revenue decline materially erodes scale and increases per-unit costs. Sustained top-line shrinkage can leave fixed-cost base and mining assets underutilized, undermining cash generation and the economics of current projects unless revenue trends reverse.

Negative operating and free cash flow

Persistent negative operating and free cash flows indicate the company cannot internally fund operations or sustain capital needs. Over time this forces reliance on external financing or asset sales, increasing dilution and refinancing risk and hindering long-term project execution.

Negative return on equity

A negative ROE reflects poor capital allocation and ongoing losses relative to shareholders’ equity. If sustained, this impairs the company's ability to attract investment, limits reinvestment capacity, and signals structural profitability issues that threaten long-term value creation.

Heavy Minerals Ltd Business Overview & Revenue Model

Company Description

Heavy Minerals Limited engages in the exploration and development of the mineral resource projects in Western Australia and Mozambique. The company explores for industrial garnet, ilmenite, zircon, leucoxene, and rutile minerals. Its primary project is the Port Gregory Garnet project that covers an area of approximately 227 square kilometers located in Western Australia. The company also holds interests in Red Hill Prospect that is located in Geraldton; and Inhambane Project, which is located in Mozambique. Heavy Minerals Limited was incorporated in 2021 and is based in Perth, Australia.

How the Company Makes Money

Heavy Minerals Ltd generates revenue through the sale of its extracted heavy minerals, primarily zircon, ilmenite, and rutile, to various industries that utilize these materials for manufacturing and production. The company has established key revenue streams through direct sales contracts with industrial clients, along with potential partnerships with other mining companies and suppliers in the mineral resources sector. Additionally, HVY may benefit from fluctuations in commodity prices, which can enhance profit margins during periods of high demand. The company's focus on efficient extraction processes and cost management also contributes to its overall financial performance.

Heavy Minerals Ltd Financial Statement Overview

Summary

Heavy Minerals Ltd faces substantial financial challenges, with declining revenues and persistent losses impacting profitability. The balance sheet shows a balanced leverage position, but the negative return on equity is concerning. Cash flow issues further exacerbate the financial strain, highlighting the need for strategic improvements to enhance financial stability and performance.

Income Statement

Heavy Minerals Ltd has experienced declining revenue over the past year, with a negative revenue growth rate of -53.6%. The company is operating at a loss, as indicated by negative net profit margins and EBIT margins. Despite a consistent gross profit margin, the negative profitability metrics highlight significant challenges in achieving operational efficiency and profitability.

Balance Sheet

The balance sheet shows a relatively stable debt-to-equity ratio of 0.996, indicating a balanced approach to leveraging. However, the negative return on equity suggests that the company is not generating sufficient returns on its equity base. The equity ratio is moderate, reflecting a reasonable level of equity financing relative to total assets.

Cash Flow

The cash flow statement reveals significant challenges, with negative operating and free cash flows. Although there is a positive free cash flow growth rate, the operating cash flow to net income ratio is negative, indicating cash flow issues. The free cash flow to net income ratio is positive, suggesting some ability to cover net losses, but overall cash flow health is weak.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	44.13K	44.13K	40.17K	27.34K	8.80K	0.00
Gross Profit	44.13K	44.13K	40.17K	7.23K	6.76K	-93.00
EBITDA	-1.45M	-1.45M	-1.05M	-1.15M	-1.05M	-2.42M
Net Income	-1.48M	-1.48M	-1.15M	-1.17M	-1.05M	-2.44M
Balance Sheet
Total Assets	5.31M	5.31M	4.40M	3.54M	4.47M	314.88K
Cash, Cash Equivalents and Short-Term Investments	33.17K	33.17K	47.48K	319.90K	2.41M	34.87K
Total Debt	2.36M	2.36M	853.39K	0.00	0.00	215.78K
Total Liabilities	2.97M	2.97M	1.19M	76.03K	129.07K	553.89K
Stockholders Equity	2.37M	2.37M	3.26M	3.51M	4.39M	-195.52K
Cash Flow
Free Cash Flow	-1.71M	-1.71M	-1.38M	-2.09M	-2.76M	-212.19K
Operating Cash Flow	-721.70K	-721.70K	-616.66K	-866.26K	-1.36M	-210.19K
Investing Cash Flow	-991.53K	-991.53K	-766.12K	279.28K	-2.90M	-2.00K
Financing Cash Flow	1.70M	1.70M	1.11M	-4.75K	5.14M	244.71K

Heavy Minerals Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HVY, the sentiment is Positive. The current price of 0.5 is below the 20-day moving average (MA) of 0.52, below the 50-day MA of 0.54, and above the 200-day MA of 0.37, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 50.56 is Neutral, neither overbought nor oversold. The STOCH value of 62.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:HVY.

Heavy Minerals Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
C29	47 Neutral	AU$4.70M	-0.68	-126.15%	―	―	24.09%
HVY	46 Neutral	―	-24.66	-52.64%	―	―	-7.28%
AKN	45 Neutral	AU$8.17M	―	-71.65%	―	―	―
EMT	45 Neutral	AU$5.10M	―	-29.48%	―	―	76.12%
MRD	44 Neutral	AU$44.73M	-11.67	-106.64%	―	―	-36.36%
AOA	44 Neutral	AU$2.85M	―	-65.57%	―	―	-200.00%

Heavy Minerals Ltd Corporate Events

Heavy Minerals Issues 900,000 Unquoted Options Under Employee Incentive Scheme

Heavy Minerals Limited has notified the market of the issue of 900,000 unquoted options under its employee incentive scheme, with these options set to expire on 11 December 2028 and not intended to be quoted on the ASX. The move expands the company’s pool of employee equity incentives, aligning staff interests with long-term shareholder value and signalling an ongoing use of equity-based remuneration to attract and retain key personnel.

The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.49 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.

Heavy Minerals Withdraws Appendix 3G After Identifying Incorrect Securities Issue

Heavy Minerals Limited has announced that it is cancelling a previous notice regarding the issue of unquoted securities, after identifying that incorrect securities had been issued. The company has formally withdrawn the earlier 12 December 2025 Appendix 3G filing and replaced it with this correction, signalling an effort to ensure accuracy and regulatory compliance in its capital markets disclosures, which is important for maintaining investor confidence and orderly trading in its securities.

The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.49 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.

Heavy Minerals Limited Announces Quotation of New Securities on ASX

Heavy Minerals Limited has announced the quotation of 50,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) with the security code HVY, effective December 16, 2025. This move is part of the company’s strategy to enhance its market presence and provide liquidity for its securities, potentially impacting its operational capabilities and investor relations positively.

The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.49 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.

Heavy Minerals Limited Issues 50,000 New Shares

Heavy Minerals Limited announced the issuance of 50,000 fully paid ordinary shares without disclosure to investors under the Corporations Act. This move is part of the company’s compliance with relevant provisions of the Corporations Act, indicating a strategic step in its financial operations. The issuance of shares may impact the company’s market positioning and stakeholder interests by potentially enhancing its capital structure.

The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.49 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.

Heavy Minerals Limited Issues 500,000 Shares to Bolster Exploration Efforts

Heavy Minerals Limited announced the issuance of 500,000 fully paid ordinary shares without disclosure to investors under the Corporations Act. This move complies with relevant legislative provisions, indicating the company’s adherence to regulatory standards. The issuance of shares is part of the company’s ongoing efforts to support its exploration activities and strengthen its market position in the industrial minerals sector.

The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.

Heavy Minerals Ltd Issues Unquoted Performance Rights

Heavy Minerals Ltd announced the issuance of 900,000 unquoted performance rights under an employee incentive scheme, with these securities set to expire on December 11, 2028. This move is part of the company’s strategy to align employee interests with corporate goals, potentially enhancing operational performance and stakeholder value.

The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.

Heavy Minerals Ltd Announces Quotation of New Securities on ASX

Heavy Minerals Ltd announced the quotation of 500,000 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective December 12, 2025. This move is part of the company’s strategy to enhance its market presence and provide additional liquidity for its shareholders, potentially impacting its financial operations and stakeholder interests positively.

The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.60 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.

Heavy Minerals Ltd Updates Director’s Securities Holdings

Heavy Minerals Ltd announced a change in the director’s interest, with Christopher Adam Siddons Schofield acquiring additional performance rights. This change reflects the company’s ongoing efforts to align management interests with long-term strategic goals, potentially impacting its market positioning and stakeholder relations.

The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.

Heavy Minerals Limited Issues New Shares to Enhance Capital Structure

Heavy Minerals Limited announced the issuance of 60,000 fully paid ordinary shares as of December 1, 2025, without disclosure to investors under the Corporations Act. This move aligns with the company’s compliance with relevant provisions of the Corporations Act, potentially impacting its market operations and stakeholder interests by enhancing its capital structure.

The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.

Heavy Minerals Limited Announces Quotation of New Securities on ASX

Heavy Minerals Limited has announced the quotation of 60,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 1, 2025. This move is part of the company’s strategic efforts to enhance its market presence and potentially increase its capital base, which could have significant implications for its growth and stakeholder interests.

The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.

Heavy Minerals Limited Secures Shareholder Support at AGM

Heavy Minerals Limited announced that all resolutions were passed at its Annual General Meeting of Shareholders. This development is a positive indication of shareholder support, which may bolster the company’s strategic initiatives and operational plans. The successful passing of resolutions could strengthen Heavy Minerals’ position in the industrial minerals market, potentially impacting its future exploration and development activities.

The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.

Heavy Minerals Limited Issues New Shares to Bolster Market Position

Heavy Minerals Limited announced the issuance of 100,000 fully paid ordinary shares without disclosure to investors under the Corporations Act. This move complies with relevant provisions and signifies a strategic step in the company’s operations, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.

Heavy Minerals Ltd Announces Quotation of New Securities

Heavy Minerals Ltd has announced the quotation of 100,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 3, 2025. This move is part of the company’s strategy to enhance its market presence and potentially increase its capital base, which could have significant implications for its operational capabilities and investor relations.

The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.

Heavy Minerals Advances Port Gregory Project and Secures Funding

Heavy Minerals Limited has made significant progress in its Port Gregory Pre-Feasibility Study (PFS), with financial modeling nearing completion and a final report expected in November 2025. The company is also advancing a potential industrial minerals project, with product testing completed and a binding agreement anticipated by Q4 2025. Additionally, Heavy Minerals plans to lodge a Mining Lease Application for Port Gregory in Q1 2026 and has raised funds through royalties and an ATM facility, enhancing shareholder value and positioning the company as a near-term producer.

The most recent analyst rating on (AU:HVY) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Heavy Minerals Ltd stock, see the AU:HVY Stock Forecast page.

Heavy Minerals Limited Announces Proposed Securities Issue

Heavy Minerals Limited has announced a proposed issue of securities, including 9,600,000 unquoted performance rights and 3,300,000 ordinary fully paid shares. This move is aimed at raising capital and potentially enhancing the company’s market position by expanding its operational capabilities and meeting strategic goals.

Heavy Minerals Limited Announces Digital-First Annual General Meeting

Heavy Minerals Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 27, 2025, in Perth, Western Australia. The company will not send physical copies of the meeting notice, opting instead for electronic distribution via its website and email. Shareholders are encouraged to vote by proxy, with instructions to be submitted by November 25, 2025. This move towards digital communication reflects a broader industry trend towards sustainability and efficiency, potentially enhancing shareholder engagement and operational transparency.

Heavy Minerals Limited Announces 2025 Annual General Meeting

Heavy Minerals Limited has announced its upcoming Annual General Meeting (AGM), scheduled for November 27, 2025, in Perth. The meeting will cover the company’s annual report, the adoption of the remuneration report, the re-election of director Aaron Williams, and the approval of a 10% placement facility. Shareholders are encouraged to participate either in person or by proxy. The resolutions discussed at the AGM could impact the company’s governance and capital management strategies.