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Harvest Minerals (HMI) AI Stock Analysis

GB:HMI

Harvest Minerals

(LSE:HMI)

Select Model
Rating:44Neutral
Price Target:GBX 0.22â–¼(-12.80% Downside)
Action:upgraded
Date:09/15/26

Primarily impacted by poor financial performance due to revenue volatility and losses, along with unfavorable valuation from negative earnings. Technical analysis offers mild positive signals from price trends and momentum indicators but does not sufficiently improve the overall outlook.

Positive Factors
Positive EPS growthReported EPS growth provides a limited counterpoint to the broader financial stress, indicating some improvement in per-share earnings measures. If sustained, this could support operating recovery, but its durability remains uncertain while revenue, margins, and net profitability remain weak.
Negative Factors
Revenue and gross-profit deteriorationThe sharp revenue decline and move to negative gross profit indicate weakening demand, poor unit economics, or materially higher production costs. Without a sustained reversal, the smaller revenue base will limit operating leverage and make a return to durable profitability more difficult.

Harvest Minerals (HMI) vs. iShares MSCI United Kingdom ETF (EWC)

-20%0%20%40%60%80%GB:HMI-9.09%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 1.36M
Dividend Yield
―
Average Volume (3M)
851.58K
Price to Earnings (P/E)
-0.5
Beta (1Y)
-1.35
Revenue Growth
-5.96%
EPS Growth
25.76%
Country
UK
Employees
0
Sector
Basic Materials
Sector Strength
61
Industry
Agricultural Inputs

Harvest Minerals Business Overview & Revenue Model

Company Description

Harvest Minerals Limited (HMI.L), an Australian-based company founded in 2010 and headquartered in Perth, specializes in mineral exploration and the production of organic natural fertilizers, with all its operations situated in Brazil. The company ho...

Harvest Minerals Financial Statement Overview

Summary

Revenue declined sharply post-2022 peak, resulting in persistent net losses, negative gross profits by 2025, eroding equity to $0.3 million, and mostly negative cash flows, indicating high financial risk and instability.

Income Statement

25Negative

Balance Sheet

15Very Negative

Cash Flow

20Very Negative
Financial statement breakdown
BreakdownTTMJun 2026Dec 2024Dec 2023Jun 2023Jun 2022
Income Statement
Total Revenue1.75M1.73M2.65M3.13M8.63M4.86M
Gross Profit-115.20K-108.69K90.54K1.48M5.76M3.59M
EBITDA-1.81M-1.67M-2.49M-2.12M1.33M-3.88M
Net Income-5.80M-5.72M-3.67M-3.18M197.80K-4.17M
Balance Sheet
Total Assets5.15M5.15M9.07M11.61M10.75M9.22M
Cash, Cash Equivalents and Short-Term Investments1.15M1.15M1.01M795.55K2.72M1.71M
Total Debt3.40M3.40M3.17M2.79M245.68K253.53K
Total Liabilities4.89M4.89M4.56M4.28M1.04M607.21K
Stockholders Equity264.00K264.00K4.51M7.33M9.71M8.61M
Cash Flow
Free Cash Flow-633.57K-616.69K-405.24K-1.02M406.01K-1.34M
Operating Cash Flow-532.24K-519.50K-393.53K-3.05M2.48M-820.19K
Investing Cash Flow-74.78K-70.64K-11.71K-1.27M-2.07M-695.79K
Financing Cash Flow696.95K701.34K859.60K2.35M-74.58K253.53K

Harvest Minerals Technical Analysis

Technical Analysis SentimentNegative
Last Price0.25

Price Trends

50DMA0.26Negative
100DMA0.25Negative
200DMA0.29Negative

Market Momentum

MACD-0.00Negative
RSI45.23Neutral
STOCH81.20Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HMI, the sentiment is Negative. The current price of 0.25 is equal to the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.26, and below the 200-day MA of 0.29, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 45.23 is Neutral, neither overbought nor oversold. The STOCH value of 81.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:HMI.

Harvest Minerals Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

GB:HMI against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
GB:HMIGB:HMI44NeutralGBP 1.36M-0.491503.72%―-5.96%25.76%
GB:KP2GB:KP242NeutralGBP 186.33M-482.26-0.62%――0.00%

* Basic Materials Sector Average

Performance Comparison

0%50%100%150%200%GB:HMIGB:KP2GB:KRPZDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:HMI and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:HMIHarvest Minerals0.25-0.03-9.09%
GB:KP2Kore Potash PLC3.600.5016.13%
GB:KRPZKropz Plc0.42-0.09-16.86%

Harvest Minerals Corporate Events

Business Operations and StrategyFinancial DisclosuresM&A Transactions

Harvest Minerals Cuts Fertiliser Outlook as It Bets on Brazilian Rare Earths

Negative
Sep 30, 2026

Harvest Minerals reported interim results showing continued pressure on its Arapua fertiliser project, with first-half sales of 12,210 tonnes and a forecast cut to 44,000 tonnes for the full year amid challenging market conditions. The group posted a...

Business Operations and Strategy

Harvest Minerals seals Brazilian Geological Survey partnership on rare earth projects

Positive
Sep 14, 2026

Harvest Minerals has signed a 24‑month technical‑scientific cooperation agreement with the Brazilian Geological Survey to study the rare earth potential of its Capão Bonito, Carambeí, Cerro Azul and Sguário Granite projects...

Business Operations and StrategyShareholder Meetings

Harvest Minerals Secures Shareholder Backing at AGM

Positive
Sep 14, 2026

Harvest Minerals Limited has confirmed that all resolutions at its Annual General Meeting held on 14 September 2026 were duly passed. The formal approval by shareholders signals continued support for the current board and corporate strategy, providin...

Business Operations and StrategyM&A Transactions

Harvest Minerals closes Scanty deal to build Brazilian rare earths portfolio

Positive
Sep 1, 2026

Harvest Minerals has completed the acquisition of Scanty Mineração, adding eight ionic adsorption clay rare earth projects across four Brazilian states to complement its Arapua rare earth project and fertilizer business. The portfolio inclu...

Regulatory Filings and ComplianceShareholder Meetings

Harvest Minerals Sets Date and Details for 2026 Annual General Meeting

Neutral
Aug 14, 2026

Harvest Minerals Limited has scheduled its Annual General Meeting for 4.00pm AWST on 14 September 2026 at 22 Lindsay Street in Perth, Western Australia. The company has distributed the AGM notice and proxy form to shareholders and has also made these...

Business Operations and StrategyM&A Transactions

Harvest Minerals Buys Brazilian Rare Earth Portfolio in Strategic Expansion

Positive
Jul 21, 2026

Harvest Minerals has agreed to acquire Scanty Mineração Ltda from Union Star Metals, adding eight ionic clay and hard rock rare earth projects across 27 Brazilian exploration tenements. The portfolio includes advanced Capão Bonito and...

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 15, 2026