Stock quote - Summary

Harvest Minerals
HMI: 15.50 +0.38 ( +2.48 %) delayed: 16:57PM
Bid price 15.00 High price 15.70
Ask price 16.00 Low price 14.83
Open price 15.20 Spread 6.25%
Prev close 15.50 Volume 539,052

Harvest Minerals - Share price charts

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Historic - 6 months

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Harvest Minerals - Share price information
Name Harvest Minerals Epic HMI
Activities Harvest Minerals Limited is a South American focused fertiliser Company targeting low cost, near term development projects. The Company's primary focus is the development of its 100% owned Arapua Fertiliser Project from which it produces its KPfértil product, a proven, multi-nutrient, slow release, organic fertiliser and remineraliser, which is produced from a weathered potassium and phosphate rich lava and offers many economic and agronomic benefits. Covering 14,946 hectares and located in the heart of the Brazilian agriculture belt in Minas Gerais, Arapua is a shallow, low cost mine with an indicated and inferred resource of 13.07Mt at 3.1% K2O and 2.49% P2O5. This resource translates into a mine life of over 100 years at a rate of 450k tonnes per annum and crucially is based on drilling just 6.7% of the known mineralisation, leaving significant upside potential. With a trial mining licence in place allowing Harvest to extract 50kt of product on a rolling basis, whilst the full mining licence application process is underway, and official registration of KPfértil as a remineraliser expected by the end of 2017, Harvest is ideally placed to address the significant demand for locally produced fertiliser in Brazil; Brazil has abundant agricultural land but lacks domestic fertiliser, with the country currently importing 90% of the potash it uses. Furthermore, the Brazilian government has set a target to be self-sufficient in fertilisers by 2020, creating significant market opportunity for Harvest and its KPfértil product. ISIN AU000XINEAB4
Latest Share Price (p) 15.50 Net Gearing (%) -16.32
Market Capitalisation (pm) 19.49 Gross Gearing (%) 2.66
Shares in issue (m) 128.84 Debt Ratio 0.00
P/E Ratio -6.08 Debt-to-Equity Ratio 0.00
Total dividends per share (p) 0.00 Assets / Equity Ratio 1.03
Dividend Yield (%) 0.00 Price to book value 2.74
Dividend Cover 0.00 ROCE (%) -36.99
Earning per share (p) -2.49 EPS Growth (%) 37.28
52-week high / low (p) 22.75 / 6.75 DPS Growth (%) n/a
Harvest Minerals - Broker views
Date Broker Recommendation Price Old target price New target price Notes
30 Nov Beaufort Securities Speculative Buy - - Reiterates
22 Nov Beaufort Securities Speculative Buy - - Reiterates
13 Oct Beaufort Securities Speculative Buy - - Reiterates
05 Sep Beaufort Securities Speculative Buy - - Reiterates
16 Aug Beaufort Securities Speculative Buy - - Reiterates

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