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Hamelin Gold Limited
(Sydney:HMG)
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Rating:48Neutral
Price Target:
AU$0.19
â–¼(-22.80% Downside)
Action:Reiterated
Date:09/29/26
The score is primarily held back by weak financial performance (minimal revenue, ongoing net losses, and persistent negative operating cash flow), which increases reliance on external funding over time despite a debt-free balance sheet. Technicals provide partial support with a generally positive longer-term trend and neutral momentum, but valuation is constrained by negative earnings and the absence of a dividend yield.
Positive Factors
Debt-free balance sheet
The absence of debt reduces refinancing pressure and interest obligations, giving Hamelin Gold greater flexibility while it advances exploration. This balance-sheet structure can help preserve funding capacity and limit financial distress risk during periods when mineral discoveries or revenue remain uncertain.
Negative Factors
Minimal revenue and persistent losses
The negligible revenue base provides little evidence that exploration has progressed into a producing or commercially self-sustaining business. Persistent net losses mean the company must continue funding activities without operating income, limiting earnings visibility and scalability over the coming periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt reduces refinancing pressure and interest obligations, giving Hamelin Gold greater flexibility while it advances exploration. This balance-sheet structure can help preserve funding capacity and limit financial distress risk during periods when mineral discoveries or revenue remain uncertain.
Read all positive factors
Hamelin Gold Limited (HMG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$48.73M
Dividend YieldN/A
Average Volume (3M)270.60K
Price to Earnings (P/E)―
Beta (1Y)1.67
Revenue GrowthN/A
EPS Growth80.82%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding249,885,180
10 Day Avg. Volume464,889
30 Day Avg. Volume270,602
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.02
Price to Sales (P/S)0.00
P/FCF Ratio-21.18
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
Hamelin Gold Limited Business Overview & Revenue Model
Company Description
Hamelin Gold Limited functions as a mineral exploration enterprise, primarily concentrating its efforts within Western Australia's Western Tanami district. The company possesses complete ownership of its key asset, the West Tanami project, a subst...
Hamelin Gold Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
63
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 5.08K | 0.00 |
| Gross Profit | -75.45K | -108.06K | -146.63K | -88.22K | -15.00K |
| EBITDA | -1.28M | -7.16M | -1.18M | -901.05K | -1.28M |
| Net Income | -1.67M | -7.27M | -1.33M | -994.35K | -1.30M |
Balance Sheet | |||||
| Total Assets | 18.19M | 19.34M | 23.75M | 24.93M | 21.58M |
| Cash, Cash Equivalents and Short-Term Investments | 2.68M | 4.94M | 4.96M | 7.75M | 7.16M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 755.51K | 458.38K | 489.13K | 442.30K | 903.84K |
| Stockholders Equity | 17.43M | 18.89M | 23.26M | 24.49M | 20.68M |
Cash Flow | |||||
| Free Cash Flow | -842.66K | -662.30K | -3.87M | -4.63M | -2.15M |
| Operating Cash Flow | -841.34K | -662.30K | -561.38K | -629.06K | -404.09K |
| Investing Cash Flow | -1.57M | -2.03M | -2.21M | -3.41M | -1.68M |
| Financing Cash Flow | 0.00 | 2.67M | -11.43K | 4.62M | 9.20M |
Hamelin Gold Limited Technical Analysis
Positive
0.25
Price Trends
0.22
Negative
0.18
Positive
0.15
Positive
Market Momentum
>-0.01
Negative
48.71
Neutral
87.27
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HMG, the sentiment is Positive. The current price of 0.25 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.22, and above the 200-day MA of 0.15, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.71 is Neutral, neither overbought nor oversold. The STOCH value of 87.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:HMG.
Hamelin Gold 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% | |
56 Neutral | AU$18.08M | 20.33 | 11.00% | ― | ― | ― | |
48 Neutral | AU$48.73M | -23.21 | -9.39% | ― | ― | 80.82% | |
48 Neutral | AU$20.03M | 11.05 | 8.33% | ― | ― | ― | |
46 Neutral | AU$18.85M | -11.82 | -50.22% | ― | ― | 53.85% | |
45 Neutral | AU$15.79M | -13.61 | -11.59% | ― | ― | -47.00% | |
43 Neutral | AU$18.25M | -5.23 | -24.14% | ― | ― | -36.53% |
* Basic Materials Sector Average
AU:HMG
Hamelin Gold Limited
0.20
0.12
143.75%
AU:WMG
Western Mines Group Ltd
0.14
-0.11
-44.00%
AU:AHK
ARK Mines Ltd
0.25
-0.40
-61.54%
AU:LAT
DiscovEx Resources Limited
0.11
0.05
89.66%
AU:MVL
Marvel Gold Ltd.
0.01
>-0.01
-23.53%
AU:CVR
Cavalier Resources Limited
0.19
-0.20
-51.32%
Hamelin Gold Limited Corporate Events
Hamelin Gold Shifts AGM Materials and Voting to Digital Channels
Oct 27, 2026
Hamelin Gold Limited has scheduled its 2026 Annual General Meeting for 26 November in Crawley, Western Australia, and is aligning its shareholder communications with recent legislative changes. The company will no longer routinely send physical me...
Hamelin Gold Starts Maiden Diamond Drilling at Day Dawn Project
Oct 22, 2026
Hamelin Gold has begun its maiden diamond drilling program at the Day Dawn Gold Project in Western Australia’s Paterson Province, marking a key step in assessing the depth potential of the Aurora lodes. The campaign will comprise about 16 ho...
Hamelin Gold Updates Director’s Shareholding After Placement
Oct 12, 2026
Hamelin Gold Limited, an ASX-listed Australian gold exploration company, has disclosed changes in director Will Robinson’s interests in company securities following the issuance of placement shares approved by shareholders.The revised holdin...
Hamelin Gold Issues 1 Million Unquoted Options in Targeted Incentive Move
Oct 12, 2026
Hamelin Gold Limited is an ASX-listed gold exploration and development company operating in the mining sector. Trading under ticker HMG, it utilizes unquoted equity securities as part of its capital structure and incentive programs, reflecting a f...
Hamelin Gold Lists Additional Shares on ASX to Bolster Capital Base
Oct 12, 2026
Hamelin Gold Limited has applied for quotation of 2,005,709 new ordinary fully paid shares on the ASX, with an issue date of October 12, 2026. The additional securities, issued under previously announced transactions, modestly expand the company&#...
Hamelin Gold Completes Second Tranche of Share Placement to Fund Exploration
Oct 12, 2026
Hamelin Gold has completed the second tranche of a share placement, issuing just over two million new shares to directors and related parties at AU$0.16 per share following shareholder approval. The capital raised is earmarked primarily for explor...
Hamelin Gold shareholders back capital raisings and director participation
Oct 12, 2026
Hamelin Gold Limited has reported that all resolutions put to shareholders at its 12 October 2026 general meeting were passed by poll, reflecting strong investor support for recent capital management initiatives. The meeting approved the ratificat...
Hamelin Gold ramps up WA exploration on high-grade drill hits and fresh funding
Oct 11, 2026
Hamelin Gold reported strong exploration progress across its Western Australian gold portfolio for the quarter to 30 September 2026, highlighted by high-grade drill results at the Day Dawn Project in the Paterson Province. Phase 1 reverse circulat...
Hamelin Gold Releases 2026 Consolidated Financial Statements
Sep 25, 2026
Hamelin Gold Limited has released its consolidated financial statements for the year ended 30 June 2026, detailing the company’s profit or loss, financial position, changes in equity, and cash flows. The package includes directors’ and...
Hamelin Gold Ramps Up Drilling to Test Depth Potential at Day Dawn Project
Sep 13, 2026
Hamelin Gold Limited, an Australian gold explorer, is advancing its Day Dawn Gold Project in the Paterson Province of Western Australia, about 10 km northwest of the +20 Moz Telfer gold-copper mine. The project targets steep feeder-style lodes and...
Hamelin Gold Sets Date and Nomination Deadline for 2026 AGM
Aug 28, 2026
Hamelin Gold Limited has scheduled its 2026 Annual General Meeting for 26 November 2026 at 11:00am AWST, aligning with ASX listing rules and corporate governance obligations. The meeting will include the election of directors, underscoring the com...
Hamelin Gold Seeks ASX Quotation for Nearly 50 Million New Shares
Aug 24, 2026
Hamelin Gold Limited has applied for quotation on the ASX of 49,575,892 new ordinary fully paid shares under the code HMG, with an issue date of August 24, 2026. The additional securities, issued as part of previously announced transactions, will ...
Hamelin Gold completes first tranche of placement to fund WA exploration
Aug 24, 2026
Hamelin Gold Limited has completed the first tranche of a share placement, issuing 49,575,892 new shares under ASX Listing Rules 7.1 and 7.1A. The net proceeds will be directed towards exploration programs at its 100% owned Day Dawn, Venus, West T...
Hamelin Gold Plans Major Share and Option Placement to Bolster Capital
Aug 17, 2026
Hamelin Gold Limited has lodged a notice with the ASX outlining a proposed issue of securities, comprising up to 51,581,601 new fully paid ordinary shares and 1,000,000 unlisted options exercisable at $0.30, expiring 24 months from the date of iss...
Hamelin Gold Raises A$8m to Fast-Track WA Exploration Programs
Aug 17, 2026
Hamelin Gold Limited has secured firm commitments to raise approximately A$8 million via a share placement priced at A$0.16 per share, with strong participation from major shareholders Gold Fields Limited and Vault Minerals Limited. Following the ...
Hamelin Gold Starts Phase 2 Drilling to Expand High-Grade Day Dawn Discovery
Aug 13, 2026
Hamelin Gold has commenced a more than 3,000 metre Phase 2 reverse circulation drilling program at its Day Dawn Gold Project in Western Australia, targeting down-plunge extensions of the high-grade Aurora Lode and potential parallel lode repetitio...
Hamelin Gold outlines maiden Day Dawn drill campaign with emphasis on regulatory compliance
Aug 3, 2026
Hamelin Gold Limited has released a presentation outlining its maiden drill program at the Day Dawn project in June 2026, presented at the Diggers and Dealers forum in August 2026. The company emphasizes that exploration results have been compiled...
Hamelin Gold Defines Multiple High-Grade Lodes at Day Dawn Project
Aug 2, 2026
Hamelin Gold has reported further high-grade gold intercepts from its maiden reverse circulation drill program at the Day Dawn project in Western Australia, defining two distinct lodes at the Aurora prospect. The Upper Aurora Lode hosts most near-...
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.