Hammer Metals (HMX) Stock Overview

Engages in the exploration and extraction of mineral resources in Australia. More details

HMX fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Earnings have grown 0.8% per year over the past 5 years

Risk Analysis

Makes less than USD$1m in revenue (A$141K)

Has less than 1 year of cash runway

Does not have a meaningful market cap (A$71M)

Volatile share price over the past 3 months compared to the Australian market

HMX Community Fair Values

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Hammer Metals Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hammer Metals
Historical stock prices
Current Share Price	AU$0.08
52 Week High	AU$0.089
52 Week Low	AU$0.022
Beta	2.05
1 Month Change	25.00%
3 Month Change	135.29%
1 Year Change	233.33%
3 Year Change	50.94%
5 Year Change	-2.44%
Change since IPO	-99.50%

Recent updates

Analysis Article • Sep 20

Hammer Metals (ASX:HMX) Is Looking To Continue Growing Its Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Analysis Article • Jan 16

Here's Why We're Watching Hammer Metals' (ASX:HMX) Cash Burn Situation

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...

Analysis Article • Sep 26

Here's Why We're Watching Hammer Metals' (ASX:HMX) Cash Burn Situation

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 • Feb 24

Will Hammer Metals (ASX:HMX) Spend Its Cash Wisely?

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 • Oct 30

Is Hammer Metals (ASX:HMX) 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...

Shareholder Returns

	HMX	AU Metals and Mining	AU Market
7D	5.3%	5.6%	-0.6%
1Y	233.3%	47.2%	0.04%

Return vs Industry: HMX exceeded the Australian Metals and Mining industry which returned 46% over the past year.

Return vs Market: HMX exceeded the Australian Market which returned -0.1% over the past year.

Price Volatility

Is HMX's price volatile compared to industry and market?
HMX volatility
HMX Average Weekly Movement	14.3%
Metals and Mining Industry Average Movement	11.5%
Market Average Movement	9.8%
10% most volatile stocks in AU Market	16.8%
10% least volatile stocks in AU Market	3.9%

Stable Share Price: HMX's share price has been volatile over the past 3 months compared to the Australian market.

Volatility Over Time: HMX's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

Founded	Employees	CEO	Website
2000	n/a	Dan Thomas	hammermetals.com.au

Hammer Metals Limited engages in the exploration and extraction of mineral resources in Australia. It explores for iron oxide, copper, cobalt, rhenum, and gold deposits, as well as for molybdenum ores. The company holds 100% interests in the Mount Isa project that comprise Kalman, Elaine, Overlander, Jubilee, Lakeview, and Southern exploration deposits covering an area of approximately 3000 square kilometers within the Mount Isa mining district, as well as a 51% interest in the Jubilee deposit.

Hammer Metals Limited Fundamentals Summary

How do Hammer Metals's earnings and revenue compare to its market cap?
HMX fundamental statistics
Market cap	AU$71.42m
Earnings (TTM)	-AU$2.20m
Revenue (TTM)	AU$141.03k

506.4x

P/S Ratio

-32.5x

P/E Ratio

Is HMX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HMX income statement (TTM)
Revenue	AU$141.03k
Cost of Revenue	AU$0
Gross Profit	AU$141.03k
Other Expenses	AU$2.34m
Earnings	-AU$2.20m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0025
Gross Margin	100.00%
Net Profit Margin	-1,556.43%
Debt/Equity Ratio	3.2%

How did HMX perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/08/21 18:18
End of Day Share Price	2026/08/21 00:00
Earnings	2026/06/30
Annual Earnings	2026/06/30

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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Hammer Metals Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Hammer Metals (HMX) Stock Overview

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Risk Analysis

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Hammer Metals Limited Competitors

Broken Hill Gold

Iondrive

Sentinel Metals

Geopacific Resources

Price History & Performance

Recent News & Updates

Hammer Metals Limited Announces Board Changes

Austral Resources Australia Ltd (ASX:AR1) proposed to acquire Hammer Metals Limited (ASX:HMX) for AUD 71.4 million.

Larvotto Resources Limited (ASX:LRV) entered into a binding Scheme Implementation Deed to acquire Hammer Metals Limited (ASX:HMX) for AUD 54 million.

New minor risk - Share price stability

New minor risk - Share price stability

New minor risk - Financial data availability

Recent updates

Hammer Metals Limited Announces Board Changes

Austral Resources Australia Ltd (ASX:AR1) proposed to acquire Hammer Metals Limited (ASX:HMX) for AUD 71.4 million.

Larvotto Resources Limited (ASX:LRV) entered into a binding Scheme Implementation Deed to acquire Hammer Metals Limited (ASX:HMX) for AUD 54 million.

New minor risk - Share price stability

New minor risk - Share price stability

New minor risk - Financial data availability

Hammer Metals Limited, Annual General Meeting, Nov 12, 2025

New minor risk - Share price stability

Hammer Metals Ltd Announces Strong New Gold and Copper Targets Emerge in North Queensland

Hammer Metals Limited, Annual General Meeting, Nov 15, 2024

Hammer Metals (ASX:HMX) Is Looking To Continue Growing Its Returns On Capital

New minor risk - Share price stability

Here's Why We're Watching Hammer Metals' (ASX:HMX) Cash Burn Situation

Hammer Metals Limited, Annual General Meeting, Nov 17, 2023

Here's Why We're Watching Hammer Metals' (ASX:HMX) Cash Burn Situation

Hammer Metals Limited Announces Board Changes

New minor risk - Financial data availability

Hammer Metals Limited (ASX:HMX) entered into a binding term sheet to acquire 80% stake in Mount Dorothy and Cobalt Ridge Projects from Element Minerals Australia Pty Ltd.

Less than half of directors are independent

Hammer Metals Limited, Annual General Meeting, Jul 13, 2023

New minor risk - Shareholder dilution

Will Hammer Metals (ASX:HMX) Spend Its Cash Wisely?

Hammer Metals Ltd Releases Results from Shallow Reverse Circulation Drilling Conducted on the Northern Margin of the Kalman Deposit

Hammer Metals Limited Announces Significant Copper-Rare Earth System Discovered At Hardway - 30M @ 1.1% Cu Plus Heavy Rare Earth Elements

Hammer Metals Limited Announces Lakeview Maiden Mineral Resource Estimate

Hammer Metals Ltd Announces High Grade Copper At Multiple Targets in Mount Hope Region

Hammer Metals Ltd Reports Assay Results from its Maiden Drilling Program Completed At the Pearl Prospect

Hammer Metals Limited Announces Pegmatites and Lithium-Bearing Rock Chips Discover At Yandal Project

Hammer Metals Limited Receives Final Assay Results Confirming A Significant Wide Zone of High-Grade Copper Sulphide Mineralisation in the First Reverse Circulation (RC) Drill-Hole Completed At the South Hope Prospect

Hammer Metals Limited Announces Successful Kalman Ore Sorting Trial

Is Hammer Metals (ASX:HMX) In A Good Position To Invest In Growth?

Hammer Metals Ltd Announces First Reverse Circulation (Rc) Drill-Hole Completed At the South Hope Prospect

Hammer Metals Ltd Provides Update on Recently Completed Geochemical Program

Hammer Metals Ltd Reports Encouraging Results from Recently Completed Geophysical Programs Conducted over the 100%-Held Southern Portion of Its Mount Isa Project Area in North-West Queensland

Hammer Metals Limited Announces Compelling New Drill Targets At Mount Hope

Hammer Metals Ltd Commences Major New Phase of Exploration Drilling Across Its Mt Isa Copper-Gold Project in NW Queensland

Hammer Metals Limited Provides Update on Ongoing Exploration Programs AcrossiIts Mount Isa Portfolio

Hammer Metals Limited Provides Update on Its Exploration Programs in the Mount Isa Copper District

Hammer Metals Ltd Reports Encouraging New Results from Recent Drilling and Geophysical Surveys at Ajax East and Nearby Pearl and Trafalgar Prospects Within Mount Isa East Joint Venture with Sumitomo Metal Mining Oceania

Hammer Metals Limited Provides Addendum to Its Previous Announcements on May 12, 2022 and June 7, 2022

Hammer Metals Limited Provides an Update on Initial Drilling At the Recently Discovered Ajax East Prospect

Hammer Metals Limited Reports Results from Drilling Programs Completed Recently Along the Trafalgar Trend Within the Mount Isa East Joint Venture Area in North-West Queensland

Hammer Metals Limited Announces Significant New Drill Targets Defined Across Mt Isa Projects

Hammer Metals Limited Announces Kalman Extended by Shallow Copper-Gold-Molybdenum Hits

Hammer Metals Limited Provides Update on Yandal Exploration

Hammer Metals Limited Commences Drilling At Kalman

Hammer Metals Limited Updates the Market with the Progress on the Mt Isa East Joint Venture

Hammer Metals Limited Provides Yandal Exploration Update

Hammer Metals Limited Announces Drilling Results at Lakeview

Hammer to Accelerate Mount Isa Exploration Activity

Hammer Metals Limited (ASX:HMX) agreed to acquire 100% stake in E36/882 and E36/855 Tenements for AUD 0.02 million.

Hammer Metals Ltd Provides Update on Drilling Results from the Trafalgar Prospect Located Within the Mt Isa East Joint Venture Area

Hammer Metals Ltd Provides an Update with Respect to Planes Field Activities on the Mount Isa East Jogmec Joint Venture

Hammer Metals Ltd Provides Initial Results from Drilling Conducted At Trafalgar, Shadow and Even Steven South Prospects Located Within the Mt Isa East Joint Venture Area

Hammer Metals Ltd Announces an Update to Its Drilling Program At Its Yandal Properties

Hammer Metals Limited Announces Yandal Gold Drilling Program Update

Hammer Metals Ltd (ASX:HMX) acquired North Bronzewing Project from Alloy Resources Limited (ASX:AYR) for AUD 0.08 million.

Hammer Metals Limited Announces Queensland Exploration Update

Shareholder Returns

Price Volatility

About the Company

Hammer Metals Limited Fundamentals Summary