Heritage Mining Ltd. (TSE:HML)
:HML
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Heritage Mining Ltd.
(HML)
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Rating:42Neutral
Price Target:
C$0.02
▲(20.00% Upside)
Action:Reiterated
Date:06/18/26
The score is driven primarily by weak financial performance (pre-revenue losses, sustained cash burn, and negative equity), which elevates financing risk. Technicals also weigh on the score as the stock trades below key moving averages with negative momentum, while valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Low absolute debt
Relatively small nominal debt limits mandatory interest and near-term refinancing obligations. Even with negative equity, low absolute debt reduces acute solvency pressure, giving management more options to restructure financing or secure bridge funding over the next several months.
Negative Factors
No revenue
Lack of revenue means the company cannot self-fund operations or demonstrate commercial traction, making continued operations fully dependent on external capital. Over months this elevates financing, dilution, and viability risk absent a clear path to revenue generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low absolute debt
Relatively small nominal debt limits mandatory interest and near-term refinancing obligations. Even with negative equity, low absolute debt reduces acute solvency pressure, giving management more options to restructure financing or secure bridge funding over the next several months.
Read all positive factors
Heritage Mining Ltd. (HML) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.81M
Dividend YieldN/A
Average Volume (3M)1.19M
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue GrowthN/A
EPS Growth46.39%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.03
Shares Outstanding232,571,910
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. undertakes the sourcing, purchasing, appraisal, and development of mineral properties across Ontario, Canada, with a particular emphasis on gold and other precious metals. The company's portfolio includes a stake in the Drayto...
How the Company Makes Money
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Heritage Mining Ltd. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Mar 2026 | 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
Negative
0.02
Price Trends
0.03
Negative
0.04
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
37.48
Neutral
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HML, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.48 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$4.42M | -2.45 | 3.09% | ― | ― | -105.10% | |
44 Neutral | C$4.81M | -13.83 | -40.98% | ― | ― | 77.51% | |
44 Neutral | C$2.42M | -2.64 | -5.67% | ― | ― | 70.06% | |
43 Neutral | C$5.56M | -3.56 | -604.93% | ― | ― | -156.73% | |
42 Neutral | C$5.81M | -1.39 | ― | ― | ― | 46.39% |
* Basic Materials Sector Average
TSE:HML
Heritage Mining Ltd.
0.03
-0.02
-37.50%
TSE:GLD
GoldON Resources
0.07
0.01
16.67%
TSE:MEX
Mexican Gold Corp
0.14
0.06
80.00%
TSE:GSPR
GSP Resource
0.11
0.03
37.50%
TSE:USHA
Usha Resources
0.05
0.01
37.14%
TSE:CRC
Canter Resources Corp
0.18
-0.38
-67.86%
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.