Heritage Mining Ltd. (TSE:HML)
:HML
Want to see TSE:HML full AI Analyst Report?
Top Page
Heritage Mining Ltd.
(HML)
Select Model
Select Model
Rating:48Neutral
Price Target:
C$0.04
▲(75.00% Upside)
Action:Reiterated
Date:05/15/26
The score is primarily constrained by weak financial performance (no revenue, widening losses, rising cash burn, and negative equity). Technicals are comparatively supportive with price above major moving averages and positive momentum indicators, but valuation is limited by negative earnings and no dividend yield data.
Positive Factors
Low absolute debt
Modest headline debt (~179K) limits fixed interest obligations and reduces near-term refinancing pressure relative to the company's size. This lowers immediate solvency strain and can extend runway versus higher-leverage peers, preserving financing optionality.
Negative Factors
Pre-revenue status
The company reports no operating revenue, meaning it lacks internally generated cashflows and remains dependent on external financing to reach commercial operations. This structural gap increases dilution risk and makes long-term viability contingent on successful project execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Low absolute debt
Modest headline debt (~179K) limits fixed interest obligations and reduces near-term refinancing pressure relative to the company's size. This lowers immediate solvency strain and can extend runway versus higher-leverage peers, preserving financing optionality.
Read all positive factors
Heritage Mining Ltd. (HML) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.43M
Dividend YieldN/A
Average Volume (3M)1.19M
Price to Earnings (P/E)―
Beta (1Y)0.50
Revenue GrowthN/A
EPS Growth31.23%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.04
Shares Outstanding183,611,220
10 Day Avg. Volume1,046,019
30 Day Avg. Volume1,192,907
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)-10.88
Price to Sales (P/S)0.00
P/FCF Ratio-1.51
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
Heritage Mining Ltd. Business Overview & Revenue Model
Company Description
Heritage Mining Ltd. engages in the identification, acquisition, evaluation, and exploration of mineral properties in Ontario, Canada. It explores for gold and other precious metals. The company holds an interest in the Drayton - Black Lake projec...
Heritage Mining Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
14
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -146.47K | -95.45K | -57.11K | 0.00 | 0.00 |
| EBITDA | -4.28M | -2.83M | -2.41M | -2.88M | -455.39K |
| Net Income | -4.16M | -3.01M | -2.69M | -2.88M | -455.00K |
Balance Sheet | |||||
| Total Assets | 901.58K | 1.10M | 535.64K | 1.65M | 1.09M |
| Cash, Cash Equivalents and Short-Term Investments | 209.67K | 558.28K | 172.21K | 808.83K | 1.01M |
| Total Debt | 179.34K | 170.68K | 85.72K | 0.00 | 0.00 |
| Total Liabilities | 1.24M | 481.79K | 354.36K | 198.01K | 88.65K |
| Stockholders Equity | -335.83K | 622.81K | 181.28K | 1.45M | 1.00M |
Cash Flow | |||||
| Free Cash Flow | -2.42M | -1.52M | -1.90M | -2.87M | -524.21K |
| Operating Cash Flow | -2.42M | -1.52M | -1.90M | -2.87M | -524.21K |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 1.50K | 0.00 |
| Financing Cash Flow | 2.07M | 1.90M | 1.27M | 2.67M | 746.43K |
Heritage Mining Ltd. Technical Analysis
Positive
0.02
Price Trends
0.04
Positive
0.03
Positive
0.03
Positive
Market Momentum
<0.01
Negative
65.27
Neutral
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HML, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.27 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:HML.
Heritage Mining Ltd. 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% | |
54 Neutral | C$5.52M | -0.52 | 3.09% | ― | ― | -105.10% | |
51 Neutral | C$4.68M | -2.76 | -604.93% | ― | ― | -85.12% | |
48 Neutral | C$6.43M | -0.88 | ― | ― | ― | 31.23% | |
44 Neutral | C$5.50M | -26.07 | -40.98% | ― | ― | 77.51% | |
44 Neutral | C$3.49M | -5.05 | -5.67% | ― | ― | 67.48% |
* Basic Materials Sector Average
TSE:HML
Heritage Mining Ltd.
0.04
>-0.01
-12.50%
TSE:GLD
GoldON Resources
0.08
0.03
60.00%
TSE:MEX
Mexican Gold Corp
0.11
0.03
37.50%
TSE:GSPR
GSP Resource
0.12
0.03
38.82%
TSE:USHA
Usha Resources
0.06
0.02
57.14%
TSE:CRC
Canter Resources Corp
0.26
-0.13
-32.47%
Heritage Mining Ltd. Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Heritage Mining Raises $665,000 in First Tranche of Private Placement
Positive
Mar 17, 2026
Heritage Mining has closed the first tranche of a non-brokered private placement, raising gross proceeds of $665,000 through the issuance of 8,000,000 units and 8,625,000 flow-through shares priced at $0.04 each. Each unit includes a common share ...
Business Operations and Strategy
Heritage Mining Extends Melba Drill Hole After Third Visible Gold Hit
Positive
Mar 12, 2026
Heritage Mining has confirmed a third occurrence of visible gold in diamond drill hole ML3840-003 within an 8-metre shear zone at about 72 metres depth at its Melba Project in Northeastern Ontario. The company has extended this drill hole to rough...
Business Operations and StrategyPrivate Placements and Financing
Heritage Mining Launches C$1.15 Million Private Placement to Fund Ontario Exploration
Positive
Mar 5, 2026
Heritage Mining Ltd. has launched a non-brokered private placement of flow-through shares and units to raise up to C$1.15 million, priced at C$0.04 per security. The company has already secured C$460,000 in lead orders from insiders, institutions,...
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.