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Hemlo Mining Corp (HMMCF) fair value: what the stock is really worth

As of Nov 13, 2026: fair value (intrinsic value) of Hemlo Mining Corp stock $3.12, price $3.51, that is 11.1% below the price, quality 22 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Basic Materials US · Based in Canada

HM Hemlo Mining Corp logo Thin data Nov 10, 2026

Hemlo Mining Corp

HMMCF · US

Expensive (fair value 11% below the price) and weak company, but rising price: meets 1 of 3 rules.

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Rising price (uptrend) 
Ranks above peers (6/9) 
Thin margins · 5.0% net margin (TTM) 
Fair value $3.12 · Overvalued 
Quality 22/100 
Negative free cash flow 
Narrow moat 33/100 · thin data
Thin data 
⟳ CyclicalEstimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$9.90 $0.1500 Fair Value $3.12 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range $0.1500 – $9.90 · fair‑value band $2.34 – $3.91 · the $3.51 price screens above the $3.12 fair value. As of Nov 10, 2026.

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Company profile

Hemlo Mining Corp. engages in the production and operation of gold mining assets in Canada. Its flagship asset is the 100% owned Hemlo gold mine covering approximately 45,000 hectares located at Marathon in northwestern Ontario, Canada.

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The company was formerly known as Carcetti Capital Corp. and changed its name to Hemlo Mining Corp. in November 2025. The company was incorporated in 2025 and is headquartered in Toronto, Canada.

Stock analysis

Hemlo Mining Corp (HMMCF) currently trades at $3.51, while our estimate is $3.12, 11% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: $2.34 (bear) to $3.91 (bull), the price of $3.51 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 22/100 (below-average quality), in the Basic Materials sector.

Hemlo Mining Corp reported revenue of $0 in FY2025 versus $0 in FY2022. Reported net income was −$36.9M in FY2025.

Key figures

Market cap $1.0B Small · P/S ratio 3.29 · EPS (TTM) $−0.7800 · Return on equity 5.4% · Return on assets (EBIT) −38.7% (4-year average) · Operating margin 20.7% · Revenue (TTM) $329M · Free cash flow −$31.9M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).

What moves the price

The share trades about 46% below its 52-week high and 230% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −2% fair-value upside, at −11%, HMMCF screens richer than that median.

Fair Value

Bear $2.34 Fair Value $3.12 Bull $3.91
Price $3.51 · Downside -11.1%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 22/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 4
How much profit the company makes from its sales and capital
Quality Growth 75
Are margins and returns getting better?
Cashflow 11
Do the profits arrive as real cash?
Financial strength 41
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 29
How calm the share price moves, does not count
Price momentum 41
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 72
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

HMMCF screens overvalued: fair value 11% below the price. Compare with Newmont Corporation →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 282 stocks

Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 22 · Bottom 25%
Fair Value upside −11.1% · Above median
Profitability
Return on equity (12 months) 5.4% · Above median
Return on assets −2.1% · Above median
Net margin (12 months) 5.0% · Bottom 25%
Operating margin (12 months) 20.7% · Above median
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median

Valuation Multiplesvs Gold median · lower = cheaper

P/B 1.90× · Cheaper than median
P/S (12 months) 3.16× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)19 · sector 7
FUTURE (revenue growth)0 · sector 74
PAST (return on equity)21 · sector 0
HEALTH (low debt)0 · sector 99
DIVIDEND (yield)0 · sector 26

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Pan American Silver Corp PAAS $37.50 $50.26 +34% vs HMMCF
Agnico Eagle Mines Limited AEM $178.45 $220.07 +23% vs HMMCF
Newmont Corporation NEM $113.14 $130.32 +15% vs HMMCF
AngloGold Ashanti plc AU $86.29 $88.58 +3% vs HMMCF
Royal Gold, Inc RGLD $256.89 $251.36 −2% vs HMMCF
Shandong Gold Mining Co 600547 ¥24.41 ¥23.61 −3% vs HMMCF
Kinross Gold Corporation KGC $20.76 $18.00 −13% vs HMMCF
Franco-Nevada Corporation FNV $247.01 $212.22 −14% vs HMMCF
Wheaton Precious Metals Corp WPM $131.45 $87.64 −33% vs HMMCF
Zijin Mining Group 601899 ¥26.38 ¥15.62 −41% vs HMMCF

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Hemlo Mining Corp: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Hemlo Mining Corp Fair Value". https://www.fairvalue-calculator.com/stock/HMMCF

Frequently asked questions

Is Hemlo Mining Corp (HMMCF) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is $3.12 versus a price of $3.51, about 11% lower (overvalued).
What is the fair value of HMMCF?
Our estimate for Hemlo Mining Corp is $3.12 (as of Nov 10, 2026), built from audited fundamentals. The current price: $3.51.
What is the quality score of HMMCF?
Hemlo Mining Corp has a Quality Score of 22/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Hemlo Mining Corp (HMMCF)?
Our calculated price target is the estimate of $3.12 (as of Nov 10, 2026). Cautious scenario $2.34, optimistic scenario $3.91. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Hemlo Mining Corp stock forecast for 2026?
Our estimate puts fair value at $3.12, about 11% lower versus a price of $3.51 (overvalued). Cautious scenario $2.34, optimistic scenario $3.91. The calculation is refreshed regularly with new filings.
What is the revenue of Hemlo Mining Corp (HMMCF)?
Hemlo Mining Corp reported trailing-twelve-month revenue of about $329M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Hemlo Mining Corp (HMMCF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hemlo Mining Corp it is $3.12 per share (as of Nov 10, 2026), against a price of $3.51.
Is Hemlo Mining Corp stock overvalued or undervalued in 2026?
As of Nov 10, 2026, HMMCF trades above its calculated fair value: price $3.51, fair value $3.12, a gap of about −11% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HMMCF?
No. The price is what the market pays today ($3.51); the fair value is what the company's own numbers justify ($3.12). For Hemlo Mining Corp the two are $0.3900 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hemlo Mining Corp worth?
The market values Hemlo Mining Corp at about $1.0B (market capitalisation, as of Nov 10, 2026). Per share that is $3.51; our models calculate a fair value of $3.12 per share.
What do the bullish and bearish scenarios say about HMMCF?
Our models span a range for Hemlo Mining Corp: cautious scenario $2.34, base $3.12, optimistic $3.91 per share (as of Nov 10, 2026, price $3.51). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hemlo Mining Corp (HMMCF)?
Balance-sheet figures for Hemlo Mining Corp (as of Nov 10, 2026): return on equity 5.4%. They feed the Quality Score of 22/100, which measures business quality independently of the share price.
How far is HMMCF from its 52-week high?
Hemlo Mining Corp trades at $3.51, about 46% below its 52-week high of $6.54 and 230% above the low of $1.07 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of $3.12 is for.
Which stocks are comparable to Hemlo Mining Corp?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hemlo Mining Corp stock attractive at the current price?
The data as of Nov 10, 2026: price $3.51, calculated fair value $3.12 (−11%), Quality Score 22/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9% above its aggregate fair value. Hemlo Mining Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hemlo Mining Corp (HMMCF)?
The closing price on Nov 13, 2026 was $3.51. Our estimate is $3.12, about 11% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hemlo Mining Corp right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of Hemlo Mining Corp

How large is the market capitalisation of Hemlo Mining Corp (HMMCF)?
The market capitalisation of Hemlo Mining Corp is $1.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hemlo Mining Corp (HMMCF)?
The price-to-sales ratio of Hemlo Mining Corp is 3.29 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hemlo Mining Corp (HMMCF)?
Earnings per share at Hemlo Mining Corp are $−0.7800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Hemlo Mining Corp (HMMCF)?
The return on equity (ROE) of Hemlo Mining Corp is 5.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hemlo Mining Corp (HMMCF)?
On an EBIT basis the return on assets of Hemlo Mining Corp is −38.7% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hemlo Mining Corp (HMMCF)?
The operating margin of Hemlo Mining Corp is 20.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does Hemlo Mining Corp (HMMCF) generate?
The free cash flow of Hemlo Mining Corp is −$31.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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