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Hamelin Gold Limited
(Sydney:HMG)
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Rating:48Neutral
Price Target:
AU$0.20
▼(-18.80% 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
A debt-free balance sheet reduces refinancing and interest burden risks while preserving flexibility to allocate capital toward exploration. This gives Hamelin Gold more capacity to manage funding cycles and pursue projects without the added constraints of significant financial leverage.
Negative Factors
Minimal operating revenue
Hamelin Gold remains an early-stage explorer without meaningful operating revenue, so its business model has not yet demonstrated commercial traction or recurring income. Continued dependence on exploration success leaves future value realization uncertain and limits internal funding capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces refinancing and interest burden risks while preserving flexibility to allocate capital toward exploration. This gives Hamelin Gold more capacity to manage funding cycles and pursue projects without the added constraints of significant financial leverage.
Read all positive factors
Hamelin Gold Limited (HMG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$52.05M
Dividend YieldN/A
Average Volume (3M)342.58K
Price to Earnings (P/E)―
Beta (1Y)1.77
Revenue GrowthN/A
EPS Growth80.82%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding247,879,460
10 Day Avg. Volume148,175
30 Day Avg. Volume342,577
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...
How the Company Makes Money
Hamelin Gold Limited does not have publicly verifiable operating revenue streams from producing mines in the information available here; therefore, details of recurring revenue from product sales are null. In general, companies at HMG’s stage (exp...
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
Neutral
0.25
Price Trends
0.22
Negative
0.17
Positive
0.14
Positive
Market Momentum
>-0.01
Positive
39.29
Neutral
14.81
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HMG, the sentiment is Neutral. The current price of 0.25 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.22, and above the 200-day MA of 0.14, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.29 is Neutral, neither overbought nor oversold. The STOCH value of 14.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
54 Neutral | AU$23.51M | 24.80 | 11.00% | ― | ― | ― | |
48 Neutral | AU$52.05M | -23.81 | -9.39% | ― | ― | 80.82% | |
48 Neutral | AU$23.67M | 8.84 | 8.33% | ― | ― | ― | |
46 Neutral | AU$18.85M | -11.82 | -50.22% | ― | ― | 53.85% | |
45 Neutral | AU$20.87M | -16.67 | -11.59% | ― | ― | -47.00% | |
43 Neutral | AU$18.25M | -3.85 | -24.14% | ― | ― | -36.53% |
* Basic Materials Sector Average
AU:HMG
Hamelin Gold Limited
0.20
0.13
185.71%
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Hamelin Gold Limited Corporate Events
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-...
Hamelin Gold advances multi-province drilling with high-grade hits at Day Dawn
Jul 29, 2026
Hamelin Gold Limited reported active drilling programs across its key gold projects in Western Australia’s premier gold provinces for the quarter ended 30 June 2026. The company’s exploration focus remains on advancing the Day Dawn, Ve...
Hamelin Gold Reaffirms Day Dawn Project Exploration Data in Investor Update
Jul 21, 2026
Hamelin Gold Limited has issued an investor update on its Day Dawn Project, highlighting recent exploration activity and associated technical results. The release, approved by the company’s board, underscores that exploration data and interp...
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.