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Hillgrove Resources Limited
(Sydney:KAN)
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Rating:66Neutral
Price Target:
AU$1.00
▼(-5.66% Downside)
Action:Reiterated
Date:10/02/26
The score is driven primarily by improving financial performance (operational turnaround and a low-leverage balance sheet), offset by weak cash quality due to persistently negative free cash flow. Technicals add support with a strong uptrend and positive momentum, while valuation is neutral with a moderate P/E and no dividend yield data.
Positive Factors
Operational turnaround
The 2025 operating rebound shows improving commercial and operating performance, with higher revenue and positive EBIT after a weak prior period. If sustained, this creates a stronger base for funding mine development, absorbing commodity volatility, and building earnings power over coming quarters.
Negative Factors
Persistently negative free cash flow
Negative free cash flow means operating inflows are currently being more than absorbed by investment spending, weakening discretionary cash generation. If this persists, Hillgrove may have less flexibility to fund growth internally and could face greater dependence on external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Operational turnaround
The 2025 operating rebound shows improving commercial and operating performance, with higher revenue and positive EBIT after a weak prior period. If sustained, this creates a stronger base for funding mine development, absorbing commodity volatility, and building earnings power over coming quarters.
Read all positive factors
Hillgrove Resources Limited (KAN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$270.88M
Dividend Yield20.2%
Average Volume (3M)606.38K
Price to Earnings (P/E)13.8
Beta (1Y)1.30
Revenue Growth31.20%
EPS GrowthN/A
CountryAU
Employees10
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)0.09
Shares Outstanding236,574,050
10 Day Avg. Volume524,476
30 Day Avg. Volume606,378
Financial Highlights & Ratios
PEG Ratio-13.28
Price to Book (P/B)1.27
Price to Sales (P/S)0.73
P/FCF Ratio-6.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.70Price Target Upside60.38% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.18
Revenue Forecast (FY)AU$264.16M
Hillgrove Resources Limited Business Overview & Revenue Model
Company Description
Kantra Copper Ltd. is an Australian mining company focused on mining the Kanmantoo Underground Copper Mine in South Australia and mineral exploration in the south-east of South Australia. Its project includes Kanmantoo Mineral Resource and Mutooro...
Hillgrove Resources Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
74
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 201.38M | 167.62M | 112.39M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 35.55M | 29.82M | 1.46M | -5.98M | -165.00K | -2.00K |
| EBITDA | 48.12M | 27.11M | 21.32M | -12.68M | -4.46M | -5.43M |
| Net Income | 18.11M | 92.00K | -24.03M | -16.33M | -5.97M | -5.86M |
Balance Sheet | ||||||
| Total Assets | 176.00M | 150.24M | 107.39M | 101.06M | 52.90M | 51.29M |
| Cash, Cash Equivalents and Short-Term Investments | 32.53M | 20.95M | 3.26M | 10.24M | 5.30M | 10.74M |
| Total Debt | 4.10M | 4.59M | 8.69M | 19.30M | 7.20M | 0.00 |
| Total Liabilities | 52.83M | 54.22M | 65.81M | 46.18M | 20.33M | 13.35M |
| Stockholders Equity | 123.17M | 96.03M | 41.57M | 54.88M | 32.57M | 37.94M |
Cash Flow | ||||||
| Free Cash Flow | 2.31M | -19.10M | -11.22M | -31.29M | -13.58M | -14.29M |
| Operating Cash Flow | 40.89M | 20.73M | 21.00M | -8.78M | -5.71M | -4.89M |
| Investing Cash Flow | -40.74M | -40.31M | -32.02M | -22.46M | -5.57M | -9.39M |
| Financing Cash Flow | 21.77M | 37.27M | 4.04M | 36.17M | 5.89M | 19.42M |
Hillgrove Resources Limited Technical Analysis
Positive
1.06
Price Trends
1.12
Positive
1.00
Positive
0.83
Positive
Market Momentum
-0.01
Positive
52.42
Neutral
57.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:KAN, the sentiment is Positive. The current price of 1.06 is below the 20-day moving average (MA) of 1.13, below the 50-day MA of 1.12, and above the 200-day MA of 0.83, indicating a bullish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 52.42 is Neutral, neither overbought nor oversold. The STOCH value of 57.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:KAN.
Hillgrove Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$9.18B | 19.14 | 17.19% | 1.78% | 31.56% | 256.29% | |
66 Neutral | AU$270.88M | 13.79 | 16.52% | 20.20% | 31.20% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
44 Neutral | AU$263.77M | -23.10 | -4.15% | ― | ― | 22.68% | |
43 Neutral | AU$117.34M | -5.70 | 634.53% | ― | ― | -163.77% | |
43 Neutral | AU$41.91M | -20.91 | -1.15% | ― | -100.00% | 99.56% | |
41 Neutral | AU$205.22M | -12.07 | -9.20% | ― | ― | 81.09% |
* Basic Materials Sector Average
AU:KAN
Hillgrove Resources Limited
1.15
0.64
124.51%
AU:HCH
Hot Chili Limited
1.30
0.41
46.07%
AU:SFR
Sandfire Resources Limited
19.62
4.40
28.88%
AU:CYM
Cyprium Metals Limited
0.36
0.02
4.72%
AU:CVV
Caravel Minerals Limited
0.21
0.04
27.27%
AU:TNC
True North Copper
0.22
-0.04
-15.38%
Hillgrove Resources Limited Corporate Events
Kantra Copper Showcases Growth Strategy at IMARC 2026
Oct 26, 2026
Kantra Copper Limited has released the presentation to be delivered by CEO and Managing Director Bob Fulker at the International Mining and Resources Conference in October 2026. The material, authorised by the board, is aimed at highlighting Kantr...
Kantra Copper Extends High-Grade Emily Star Mineralisation at Kanmantoo Mine
Oct 22, 2026
Kantra Copper Limited has reported a series of high-grade copper-gold intersections from ongoing underground drilling at the Emily Star prospect within the Kanmantoo Copper Mine in South Australia. The new results demonstrate significant grades an...
Kantra Copper Extends Production Growth as Cash Flow and Projects Advance
Oct 20, 2026
Kantra Copper Limited reported its fifth consecutive quarter of copper production growth, lifting output to 3,419 tonnes and driving net group cash flow up 72% quarter-on-quarter to $14.2 million. The company maintained a competitive all-in sustai...
Kantra Sharpens Firehawk Copper Target with New Geophysical Data
Oct 13, 2026
Kantra Copper has refined a regional geophysical anomaly at its Firehawk prospect, about 80km from Adelaide, into a drill-ready copper target by integrating airborne magnetic, gravity and induced polarisation surveys. The work has defined coincide...
Kantra Copper derisks Coburn project with strong metallurgical results and rebrand
Oct 6, 2026
Kantra Copper has renamed its Mutooroo copper project to Coburn after consultations with local stakeholders, selecting a new identity that maintains regional ties while differentiating the project. The rebranding is part of broader community engag...
Kantra Copper Drilling Extends High-Grade Nugent Lode at Kanmantoo
Sep 30, 2026
Kantra Copper has reported new underground drilling results at its Nugent lode that show multiple high-grade copper-gold intersections extending mineralisation below the current mining horizon. Recent deep diamond drill fans have confirmed continu...
Kantra Copper Issues New Shares Following Option Exercise Under Cleansing Notice
Sep 15, 2026
Kantra Copper Limited has issued 619,048 fully paid ordinary shares following the exercise of unquoted options, expanding its share capital without a prospectus under the disclosure exemptions in the Corporations Act. The company has confirmed ong...
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.