Want to see TSE:HMMC full AI Analyst Report?
Top Page
Hemlo Mining
(TSX:HMMC)
Select Model
Select Model
Rating:56Neutral
Price Target:
C$7.00
▼(-6.54% Downside)
Action:N/A
Date:09/24/26
The score is driven primarily by improved TTM operations and positive free cash flow, but tempered by higher leverage, thin net margins, and historically volatile results. Technically, momentum is weak and the stock is below its 20-day average, while valuation is relatively expensive (high P/E) with no dividend yield provided.
Positive Factors
Operational rebound
The latest results show a substantial operating rebound, with meaningful revenue scale and strong gross, EBIT, and EBITDA margins. If this performance is maintained, improved operating profitability can support reinvestment and strengthen the company’s ability to fund its mining platform.
Negative Factors
Higher leverage
Debt has increased materially relative to equity, reducing financial flexibility if commodity pricing or operations weaken. The higher leverage raises the importance of maintaining cash generation and leaves less capacity for unexpected operating pressure or additional investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Operational rebound
The latest results show a substantial operating rebound, with meaningful revenue scale and strong gross, EBIT, and EBITDA margins. If this performance is maintained, improved operating profitability can support reinvestment and strengthen the company’s ability to fund its mining platform.
Read all positive factors
Hemlo Mining (HMMC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.14B
Dividend Yield120%
Average Volume (3M)856.83K
Price to Earnings (P/E)39.3
Beta (1Y)0.95
Revenue GrowthN/A
EPS Growth-145.43%
CountryCA
Employees294
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding296,369,960
10 Day Avg. Volume1,694,336
30 Day Avg. Volume856,828
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.25
Price to Sales (P/S)0.00
P/FCF Ratio-4.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$10.25Price Target Upside36.85% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Hemlo Mining Business Overview & Revenue Model
Company Description
Hemlo Mining Corp. opeartes as a gold producer, with an immediate focus on maximizing the value of the Hemlo Gold Mine's existing infrastructure through a fit-for-purpose operating approach, while unlocking new opportunities through an aggressive ...
Hemlo Mining Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
54
Neutral
Cash Flow
61
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 457.03M | 0.00 | 0.00 | 0.00 | 0.00 | 12.16M |
| Gross Profit | 164.29M | 0.00 | 0.00 | 0.00 | -410.52K | 5.07M |
| EBITDA | 171.39M | -34.30M | -48.90K | ― | -1.10M | 3.13M |
| Net Income | 23.20M | -50.67M | -123.67K | ― | -56.82M | 10.44M |
Balance Sheet | ||||||
| Total Assets | 2.46B | 2.38B | 342.17K | 376.01K | 9.65M | 15.48M |
| Cash, Cash Equivalents and Short-Term Investments | 184.65M | 181.06M | 310.54K | 337.07K | 9.64M | 9.32M |
| Total Debt | 640.41M | 314.92M | 0.00 | 0.00 | 0.00 | 1.93M |
| Total Liabilities | 1.60B | 1.63B | 31.63K | 37.10K | 9.46M | 6.05M |
| Stockholders Equity | 862.34M | 749.78M | 310.54K | 338.91K | 191.42K | 9.43M |
Cash Flow | ||||||
| Free Cash Flow | 62.76M | -43.82M | -107.62K | -451.78K | 2.20M | 6.90M |
| Operating Cash Flow | 134.54M | -33.80M | -107.62K | -451.78K | 2.20M | 7.37M |
| Investing Cash Flow | -56.55M | -1.22B | 0.00 | 0.00 | 3.13M | 344.78K |
| Financing Cash Flow | 1.32B | 1.43B | 81.90K | -8.94M | -4.82M | -3.83M |
Hemlo Mining Technical Analysis
Neutral
7.49
Price Trends
6.89
Negative
6.49
Positive
6.24
Positive
Market Momentum
-0.05
Positive
40.36
Neutral
12.69
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HMMC, the sentiment is Neutral. The current price of 7.49 is below the 20-day moving average (MA) of 7.64, above the 50-day MA of 6.89, and above the 200-day MA of 6.24, indicating a neutral trend. The MACD of -0.05 indicates Positive momentum. The RSI at 40.36 is Neutral, neither overbought nor oversold. The STOCH value of 12.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:HMMC.
Hemlo Mining Peers Comparison
UnderperformOutperform
Sector (61)
TSE:HMMC
Hemlo Mining
6.67
5.44
442.28%
TSE:ORC.A
Orca Exploration Group Inc
20.00
-31.95
-61.50%
TSE:POG.H
Perisson Petroleum
0.04
0.00
0.00%
TSE:SGQ
SouthGobi Resources
0.30
-0.20
-40.00%
TSE:HAM
Highwood Oil Co. Ltd.
5.92
0.92
18.40%
Hemlo Mining Corporate Events
Business Operations and Strategy
Hemlo Mining Refines Porphyry Model to Drive District-Scale Exploration at Hemlo
Positive
Sep 22, 2026
Hemlo Mining has unveiled a refined regional exploration strategy after reinterpreting the Hemlo deposit as an Archean porphyry-epithermal gold-molybdenum system, rather than a purely orogenic gold system. This new geological model, developed with...
Business Operations and Strategy
Hemlo Mining Added to VanEck Junior Gold Miners ETF
Positive
Sep 18, 2026
Hemlo Mining Corp., a Canadian gold producer centered on the long‑running Hemlo gold camp in northwestern Ontario, is working to maximize value at its flagship Hemlo Gold Mine through efficiency gains, production growth and mine life extensi...
Business Operations and StrategyDelistings and Listing ChangesFinancial Disclosures
Hemlo Mining boosts Q2 output and resources as TSX listing caps stronger quarter
Positive
Aug 11, 2026
Hemlo Mining reported solid second-quarter 2026 results, with attributable gold production of 25,188 ounces and revenue of $142.5 million, generating net income of $31.0 million. Operational metrics improved materially, including higher developmen...
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.