Hillgrove Resources (HGO) Stock Overview
Engages in the operation, exploration, and development of mineral properties in Australia. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
HGO Community Fair Values
Create NarrativeSee what 45 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Hillgrove Resources Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.043 |
| 52 Week High | AU$0.061 |
| 52 Week Low | AU$0.03 |
| Beta | 1.41 |
| 1 Month Change | -2.27% |
| 3 Month Change | -6.52% |
| 1 Year Change | 19.44% |
| 3 Year Change | -2.27% |
| 5 Year Change | -29.51% |
| Change since IPO | -99.90% |
Recent News & Updates
Narrative Update • May 16
HGO: Steady Intrinsic Value And Higher P/E Assumptions Will Support Upside
Analysts have kept their A$0.07 price target on Hillgrove Resources broadly steady, with only small adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions. Valuation Changes Fair Value: A$0.07167 is unchanged, indicating no adjustment to the modelled intrinsic value per share.Narrative Update • Apr 28
HGO: Higher Future P/E Assumptions Will Support Stronger Copper Opportunity
Analysts have trimmed Hillgrove Resources' fair value estimate slightly from A$0.073 to A$0.072, reflecting updated assumptions that combine a higher discount rate and higher revenue growth with lower projected profit margins and a higher future P/E multiple. Valuation Changes Fair Value: trimmed slightly from A$0.07333 to A$0.07167.
Narrative Update • Apr 13
HGO: Steady Fair Value And Improving Revenue Outlook Will Support Share Price
Analysts have kept their A$ price target on Hillgrove Resources steady, pointing to a similar fair value of A$0.09 while modestly adjusting assumptions around discount rate, revenue growth, profit margin and future P/E to reflect updated expectations for the business mix and risk profile. Valuation Changes Fair Value: A$0.09 is unchanged, indicating no adjustment to the central valuation estimate.Narrative Update • Mar 30
HGO: Stable Fair Value And Margins Will Support Future Share Price Upside
Analysts have kept Hillgrove Resources' fair value estimate steady at A$0.09, with only small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions guiding this price target update. Valuation Changes Fair Value: A$0.09 per share remains unchanged in the latest update.Recent updates
Narrative Update • May 16
HGO: Steady Intrinsic Value And Higher P/E Assumptions Will Support Upside
Analysts have kept their A$0.07 price target on Hillgrove Resources broadly steady, with only small adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions. Valuation Changes Fair Value: A$0.07167 is unchanged, indicating no adjustment to the modelled intrinsic value per share.Narrative Update • Apr 28
HGO: Higher Future P/E Assumptions Will Support Stronger Copper Opportunity
Analysts have trimmed Hillgrove Resources' fair value estimate slightly from A$0.073 to A$0.072, reflecting updated assumptions that combine a higher discount rate and higher revenue growth with lower projected profit margins and a higher future P/E multiple. Valuation Changes Fair Value: trimmed slightly from A$0.07333 to A$0.07167.Narrative Update • Apr 13
HGO: Steady Fair Value And Improving Revenue Outlook Will Support Share Price
Analysts have kept their A$ price target on Hillgrove Resources steady, pointing to a similar fair value of A$0.09 while modestly adjusting assumptions around discount rate, revenue growth, profit margin and future P/E to reflect updated expectations for the business mix and risk profile. Valuation Changes Fair Value: A$0.09 is unchanged, indicating no adjustment to the central valuation estimate.Narrative Update • Mar 30
HGO: Stable Fair Value And Margins Will Support Future Share Price Upside
Analysts have kept Hillgrove Resources' fair value estimate steady at A$0.09, with only small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions guiding this price target update. Valuation Changes Fair Value: A$0.09 per share remains unchanged in the latest update.Narrative Update • Mar 16
HGO: Higher Forward P/E Multiple Will Support Future Share Price Upside
Analysts have adjusted their price target on Hillgrove Resources to A$0.09, highlighting updated expectations for revenue growth, profit margins, and a higher forward P/E multiple as key factors in their revised outlook. Valuation Changes Fair Value: A$0.09 is unchanged.Narrative Update • Mar 02
HGO: Future Earnings Multiple Repricing Will Support Stronger Copper Opportunity
Analysts have raised their fair value estimate for Hillgrove Resources from A$0.06 to about A$0.07, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E as the key drivers of the change. Valuation Changes Fair Value: Updated from A$0.06 to about A$0.07, reflecting a slightly higher assessed value per share.Narrative Update • Feb 16
HGO: Higher Expected Margins Will Support Future Share Price Upside
Analysts have kept their A$ price target for Hillgrove Resources unchanged, citing only small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions as the basis for maintaining their view. Valuation Changes Fair Value: A$0.09 is unchanged, indicating no revision to the headline valuation estimate.Narrative Update • Feb 02
HGO: Higher Expected Margins Will Drive Future Share Price Upside
The analyst price target for Hillgrove Resources has been revised from A$0.08 to A$0.09 as analysts factor in updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. Valuation Changes Fair Value: revised from A$0.08 to A$0.09 per share, reflecting a slightly higher implied valuation.Narrative Update • Jan 19
HGO: Future Copper Volumes And Lower Costs Will Drive Share Upside
Analysts have kept their fair value estimate for Hillgrove Resources flat at A$0.08. The updated target is shaped by small tweaks to the discount rate and assumed revenue growth, as well as a higher profit margin outlook and a lower future P/E assumption, which together refine their valuation case rather than reset it.Narrative Update • Jan 05
HGO: Future Copper Production And Cost Discipline Will Drive Share Upside
Analysts have lowered their price target on Hillgrove Resources from $0.10 to $0.08 per share, reflecting expectations for slower revenue growth, reduced profit margins, and a higher future price-to-earnings multiple, all discounted at a slightly higher rate. What's in the News Issued new guidance for the fourth quarter of fiscal 2025, flagging improved sales volumes as Nugent stoping ramps up and inventory becomes available for shipment (Corporate guidance) Reaffirmed full year 2025 copper production guidance of 11,000 to 11,500 tonnes, underscoring confidence in mine performance and throughput (Corporate guidance) Reported third quarter 2025 operating results with copper production up 8% to 2,808 tonnes and an average realized copper price of $14,447 per tonne (Operating results) Reduced gross all in sustaining costs by 10% quarter on quarter, keeping year to date all in costs at USD 4.24 per pound, in line with guidance of USD 4.2 to USD 4.45 per pound (Operating results) Completed an equity placement of AUD 28 million at AUD 0.035 per share and called a special shareholders meeting on November 25, 2025 to ratify tranche 1 and approve tranche 2 and director participation (Capital raising and shareholder meeting) Valuation Changes The fair value estimate has decreased moderately from A$0.10 to A$0.08 per share, indicating a lower intrinsic valuation for Hillgrove Resources.
Narrative Update • Dec 14
HGO: Future Copper Output And Lower Costs May Support Strong Upside
Analysts have trimmed their price target for Hillgrove Resources from A$0.06 to A$0.05, reflecting a slightly higher discount rate, despite upgraded expectations for revenue growth, profit margins, and a lower future price to earnings multiple. What's in the News Issued new guidance indicating improved fourth quarter 2025 sales volumes, supported by Nugent stoping and available inventory, and reaffirmed full year 2025 copper production guidance of 11,000 to 11,500 tonnes (Corporate Guidance) Reported third quarter 2025 operating results with copper production up 8% to 2,808 tonnes, an average realized copper price of $14,447 per tonne, and a 10% reduction in gross all in sustaining costs versus the prior quarter (Operating Results) Maintained year to date all in costs at USD 4.24 per pound, in line with the guided range of USD 4.2 to USD 4.45 per pound (Operating Results) Completed an AUD 28 million follow on equity offering at AUD 0.035 per share, issuing a combined 800 million ordinary shares at a small discount to the offer price (Follow on Equity Offering) Called a special shareholders meeting on November 25, 2025 to ratify tranche 1 shares and approve tranche 2 placement and director participation in the placement (Special Shareholders Meeting) Valuation Changes Fair Value: trimmed from A$0.06 to A$0.05, reflecting a moderate downward revision to the implied share valuation.Narrative Update • Nov 29
HGO: Copper Production Set To Rise With Strong Sales And Lower Costs
Analysts have reaffirmed their price target for Hillgrove Resources at $0.06, citing minimal changes in underlying financial metrics and maintaining their outlook on the company's future prospects. What's in the News Hillgrove Resources provided sales guidance for the fourth quarter of fiscal 2025, expecting improved sales volume as Nugent stoping is underway and inventory is available for shipment.Narrative Update • Nov 15
HGO: Future Copper Production Expected To Increase As Inventory Readies For Shipment
Analysts have raised their price target for Hillgrove Resources from $0.058 to $0.06, citing updated fair value estimates and a modest adjustment in the discount rate as key factors driving their renewed optimism. What's in the News Hillgrove Resources provided sales guidance for the fourth quarter of fiscal 2025, expecting improved sales volume as Nugent stoping progresses and inventory is readied for shipment.Narrative Update • Oct 31
HGO: Copper Production Gains Will Drive Sustained Value Creation
Analysts have maintained their price target for Hillgrove Resources at $0.06. They explained that their forecasts and assumptions remain largely unchanged, despite minor adjustments to inputs such as discount rates and future price-to-earnings estimates.Narrative Update • Oct 17
Nugent Copper Ramp-Up Will Unlock Sustainable Value
Narrative Update on Hillgrove Resources Analysts have lowered their price target for Hillgrove Resources from $0.0717 to $0.0583. This adjustment is based on revised growth assumptions and updated forecasts.Narrative Update • Oct 03
Nugent Copper Ramp-Up Will Unlock Sustainable Value
Analysts have lowered their price target for Hillgrove Resources from $0.08 to $0.07167, citing slightly reduced revenue growth expectations and profit margins, as well as a modest uptick in the discount rate. What's in the News Hillgrove Resources Limited has completed a follow-on equity offering totaling AUD 28 million.
New Narrative • May 01
Nugent And Valentine's Drilling Will Yield 25% More Production
Operational and exploration enhancements aim to boost copper production and revenue, leveraging efficiencies and increased reserves.Analysis Article • Sep 22
Companies Like Hillgrove Resources (ASX:HGO) Are In A Position To Invest In Growth
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Analysis Article • May 26
Is Hillgrove Resources (ASX:HGO) In A Good Position To Invest In Growth?
We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...Analysis Article • Sep 13
Is Hillgrove Resources (ASX:HGO) In A Good Position To Deliver On Growth Plans?
We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...Analysis Article • Apr 11
Is Hillgrove Resources (ASX:HGO) In A Good Position To Invest In Growth?
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...Analysis Article • Feb 17
Murray Boyte Is The Non Executive Director of Hillgrove Resources Limited (ASX:HGO) And Just Spent AU$100k On Shares
Whilst it may not be a huge deal, we thought it was good to see that the Hillgrove Resources Limited ( ASX:HGO ) Non...Analysis Article • Dec 26
Estimating The Fair Value Of Hillgrove Resources Limited (ASX:HGO)
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Hillgrove Resources...Shareholder Returns
| HGO | AU Metals and Mining | AU Market | |
|---|---|---|---|
| 7D | -10.4% | -8.3% | -1.7% |
| 1Y | 19.4% | 49.3% | 1.0% |
Return vs Industry: HGO underperformed the Australian Metals and Mining industry which returned 49.3% over the past year.
Return vs Market: HGO exceeded the Australian Market which returned 1% over the past year.
Price Volatility
| HGO volatility | |
|---|---|
| HGO Average Weekly Movement | 10.2% |
| Metals and Mining Industry Average Movement | 12.2% |
| Market Average Movement | 10.5% |
| 10% most volatile stocks in AU Market | 17.4% |
| 10% least volatile stocks in AU Market | 4.4% |
Stable Share Price: HGO has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: HGO's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1952 | n/a | Bob Fulker | www.hillgroveresources.com.au |
Hillgrove Resources Limited engages in the operation, exploration, and development of mineral properties in Australia. It primarily explores for copper, gold, and silver deposits. The company’s project is the Kanmantoo Copper mine located approximately 55 kilometres from Adelaide, South Australia.
Hillgrove Resources Limited Fundamentals Summary
| HGO fundamental statistics | |
|---|---|
| Market cap | AU$146.81m |
| Earnings (TTM) | AU$92.00k |
| Revenue (TTM) | AU$167.62m |
1,596x
P/E Ratio0.9x
P/S RatioIs HGO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HGO income statement (TTM) | |
|---|---|
| Revenue | AU$167.62m |
| Cost of Revenue | AU$117.53m |
| Gross Profit | AU$50.09m |
| Other Expenses | AU$49.99m |
| Earnings | AU$92.00k |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.000027 |
| Gross Margin | 29.88% |
| Net Profit Margin | 0.055% |
| Debt/Equity Ratio | 0% |
How did HGO perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/21 22:03 |
| End of Day Share Price | 2026/05/21 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Hillgrove Resources Limited is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Timothy Hoff | Canaccord Genuity |
| David Thompson | CLSA |
| Luke Nelson | J.P. Morgan |