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Hamelin Gold Limited (HMG) AI Stock Analysis

AU:HMG

Hamelin Gold Limited

(ASX:HMG)

Select Model
Rating:50.5Neutral
Price Target:AUD 0.19â–²(0.00% Upside)
Action:reiterated
Date:09/29/26

The overall score reflects a loss-making, cash-burning exploration business supported by a clean, debt-free balance sheet, with moderately positive technical trends but weak traditional valuation metrics.

Positive Factors
Debt-free balance sheetThe absence of debt reduces refinancing and interest-burden risk while preserving flexibility to fund exploration and respond to new geological opportunities. This provides a stronger financial base than a similarly loss-making explorer carrying material leverage, although it does not remove the need for future funding.
Negative Factors
Minimal revenue and persistent lossesHamelin has not established meaningful operating revenue to offset exploration spending, and recurring net losses weaken earnings quality and scalability. Without sustained revenue, progress remains dependent on exploration outcomes and continued access to capital rather than internally generated business income.

Hamelin Gold Limited (HMG) vs. iShares MSCI Australia ETF (EWA)

-50%0%50%100%150%200%250%AU:HMG+131.25%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 36.69M
Dividend Yield
―
Average Volume (3M)
426.44K
Price to Earnings (P/E)
-22.0
Beta (1Y)
1.67
Revenue Growth
―
EPS Growth
80.82%
Country
Australia
Employees
0
Sector
Basic Materials
Sector Strength
61
Industry
Gold

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 substant...

Hamelin Gold Limited Financial Statement Overview

Summary

Financial performance is weak due to persistent net losses, lack of operating revenue, and consistently negative operating and free cash flows, partly offset by a debt-free, equity-funded balance sheet.

Income Statement

32Negative

Balance Sheet

68Positive

Cash Flow

30Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue00005,0800
Gross Profit-75.45K-75.45K-108.06K-146.63K-88.22K-15.00K
EBITDA-1.28M-1.28M-7.16M-1.18M-901.05K-1.28M
Net Income-1.67M-1.67M-7.27M-1.33M-994.35K-1.30M
Balance Sheet
Total Assets18.19M18.19M19.34M23.75M24.93M21.58M
Cash, Cash Equivalents and Short-Term Investments2.68M2.68M4.94M4.96M7.75M7.16M
Total Debt000000
Total Liabilities755.51K755.51K458.38K489.13K442.30K903.84K
Stockholders Equity17.43M17.43M18.89M23.26M24.49M20.68M
Cash Flow
Free Cash Flow-3.45M-842.66K-662.30K-3.87M-4.63M-2.15M
Operating Cash Flow-841.34K-841.34K-662.30K-561.38K-629.06K-404.09K
Investing Cash Flow-1.57M-1.57M-2.03M-2.21M-3.41M-1.68M
Financing Cash Flow002.67M-11.43K4.62M9.20M

Hamelin Gold Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.18

Price Trends

50DMA0.22Negative
100DMA0.18Negative
200DMA0.15Positive

Market Momentum

MACD-0.01Negative
RSI40.36Neutral
STOCH76.67Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HMG, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.20, below 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 40.36 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HMG.

Hamelin Gold Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

AU:HMG against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
AU:AHKAU:AHK56NeutralAUD 19.53M21.9511.00%―――
AU:HMGAU:HMG51NeutralAUD 46.23M-22.02-9.39%――80.82%
AU:LATAU:LAT46NeutralAUD 20.03M11.048.33%―――
AU:CVRAU:CVR44NeutralAUD 17.07M-13.61-11.59%――-47.00%
AU:WMGAU:WMG36UnderperformAUD 20.21M-4.77-24.14%――-36.53%
AU:MVLAU:MVL29UnderperformAUD 18.85M-11.82-50.22%――53.85%

* Basic Materials Sector Average

Performance Comparison

0%100%200%AU:HMGAU:WMGAU:AHKAU:LATAU:MVLAU:CVRDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:HMG and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:HMGHamelin Gold Limited0.180.10131.25%
AU:WMGWestern Mines Group Ltd0.15-0.11-40.38%
AU:AHKARK Mines Ltd0.27-0.37-57.81%
AU:LATDiscovEx Resources Limited0.110.0589.66%
AU:MVLMarvel Gold Ltd.0.01-0.00-23.53%
AU:CVRCavalier Resources Limited0.20-0.24-54.55%

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 meeti...

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 holes...

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 holdings,...

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 focu...

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&#821...

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 explorati...

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 ratification...

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 circulation...

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 au...

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 st...

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 compan...

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 exp...

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 Tana...

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 issue....

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 pla...

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 repetitions....

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 by...

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-sur...

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.

Date of analysis: Sep 29, 2026