HEADWATER EXPLORATION INC (HWX.CA) Forecast, Price Target & Analyst Ratings

TSX:HWX • CA4220961078

12.44 CAD
-0.44 (-3.42%)
Last: Mar 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for HEADWATER EXPLORATION INC (HWX.CA).

Forecast Snapshot

Consensus Price Target

Price Target
CA$10.99
-11.63% Downside

Next Earnings Forecast

Earnings Estimate
Release DateMar 5, 2026
PeriodQ4 / 2025
EPS EstimateCA$0.13
Revenue Estimate142.71M

ChartMill Buy Consensus

Rating
75.38%
Weighted Analyst Rating Score

Price Target Details & History

Consensus Price Target and Range

Mean target
CA$10.99
Upside
-11.63%
From current price of CA$12.44 to mean target of CA$10.99, Based on 13 analyst forecasts
Low
CA$8.59
Median
CA$11.22
High
CA$13.65

Price Target Revisions

1 Month
8.99%
3 Months
20.12%

Price Target Summary

13 analysts have analysed HWX.CA and the average price target is 10.99 CAD. This implies a price decrease of -11.63% is expected in the next year compared to the current price of 12.44.
The average price target has been revised upward by 20.12% in the past 3 months.
 → Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

HWX Current Analyst RatingHWX Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6

Analyst Ratings History

HWX Historical Analyst RatingsHWX Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8 10

Analyst Ratings Consensus

ChartMill Buy Consensus
75.38%
HWX.CA was analyzed by 13 analysts. The buy percentage consensus is at 75. So analysts seem to be have mildly positive about HWX.CA.
In the previous month the buy percentage consensus was at a similar level.
HWX.CA was analyzed by 13 analysts, which is quite many. So the average rating should be quite meaningful.
 → Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-01-26Desjardins SecuritiesMaintains Hold -> Hold
2025-01-06HAYWOOD SECURITIES INC.Maintains Buy -> Buy
2025-01-06ATB Capital MarketsMaintains Outperform -> Outperform
2022-11-16Stifel Nicolaus ResearchDowngrade
2022-11-04Stifel Nicolaus ResearchUpgrade
2022-11-04RBC RoyalbankDowngrade Sector Perform
2022-09-30National Bank of Canada FinancialUpgrade Outperform
2022-08-08Stifel Nicolaus ResearchDowngrade
2022-08-08RBC RoyalbankInitiate Outperform
2022-08-05BMO FinancialMaintains Outperform
2022-07-27Haywood SecuritiesDowngrade Outperform
2022-05-16Stifel Nicolaus ResearchUpgrade
2022-05-13Raymond James CapitalUpgrade Outperform
2022-03-25Raymond James CapitalUpgrade Outperform
2022-03-11Raymond James CapitalInitiate Outperform
2022-03-11BMO FinancialUpgrade Outperform
2022-02-02RBC RoyalbankUpgrade Outperform
2022-02-02National Bank of Canada FinancialUpgrade Outperform
2022-02-02BMO FinancialUpgrade Outperform
2022-02-02Raymond James FinancialInitiate Outperform
2022-01-25BMO FinancialUpgrade Outperform
2022-01-06National Bank FinancialUpgrade Outperform
2021-11-11RaymondJamesFinancialInitiate Outperform
2021-10-20BMO Capital MarketsUpgrade
2021-10-18Raymond James FinancialUpgrade Outperform

Next Earnings Forecast Details

Next Earnings Details

Release DateMar 5, 2026
PeriodQ4 / 2025
EPS EstimateCA$0.13
Revenue Estimate142.71M
Revenue Q2Q5.34%
EPS Q2Q-37.48%
Number of Analysts3

Next Earnings Revisions

Revenue (1 Month)
43.46%
Revenue (3 Months)
6.00%
EPS (1 Month)
13.04%
EPS (3 Months)
8.33%

Next Earnings Summary

HWX.CA is expected to report earnings on 3/5/2026. The consensus EPS estimate for the next earnings is 0.13 CAD and the consensus revenue estimate is 142.71M CAD.
The next earnings revenue estimate has been revised upward by 6% in the past 3 months. Upward revisions are a positive sign and indicate that analysts are more optimistic about the next earnings compared to 3 months ago.
 → Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2022 2023 2024 2025 2026 2027
Revenue
YoY % growth
HWX.CA revenue by date.HWX.CA revenue by date.
373.217M
126.19%		425.548M
14.02%		511.497M
20.20%		600.95M
17.49%		583.78M
-2.86%		628.98M
7.74%
EBITDA
YoY % growth
HWX.CA ebitda by date.HWX.CA ebitda by date.
286.444M
151.26%		299.799M
4.66%		365.887M
22.04%		380.77M
4.07%		328.25M
-13.79%		373.7M
13.85%
EBIT
YoY % growth
HWX.CA ebit by date.HWX.CA ebit by date.
207.037M
197.40%		179.602M
-13.25%		241.004M
34.19%		296.74M
23.13%		260.23M
-12.30%		298.46M
14.69%
Operating Margin
HWX.CA operating margin by date.HWX.CA operating margin by date.
55.47%42.20%47.12%49.38%44.58%47.45%
EPS
YoY % growth
HWX.CA eps by date.HWX.CA eps by date.
N/A
109.65%		N/A
-6.57%		N/A
34.38%		0.66
-24.42%		0.51
-22.31%		0.56
9.90%

All data in CAD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q4 / 25 Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26
EPS
Q2Q % growth		0.13
-37.48%		0.11
-47.10%		0.14
-11.62%		0.17
14.47%		0.14
7.69%
Revenue
Q2Q % growth		142.71M
5.34%		126.15M
-10.84%		135.64M
-6.42%		147.56M
17.58%		143.12M
0.29%
EBITDA
Q2Q % growth		86.355M
-54.15%		72.72M
-29.31%		83.83M
-25.90%		91.91M
-37.85%		83.83M
-2.92%
EBIT
Q2Q % growth		50.197M
-20.88%		35.047M
-50.19%		42.824M
-10.74%		50.601M
0.63%		45.349M
-9.66%

All data in CAD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

HWX.CA Yearly Revenue VS EstimatesHWX.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
HWX.CA Yearly EPS VS EstimatesHWX.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 0.4 0.6 0.8

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
-13.58%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
1.41%
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
5.53%
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

HEADWATER EXPLORATION INC / HWX.CA Forecast FAQ

What is the price target for HWX stock?

13 analysts have analysed HWX.CA and the average price target is 10.99 CAD. This implies a price decrease of -11.63% is expected in the next year compared to the current price of 12.44.


When does HEADWATER EXPLORATION INC (HWX.CA) report earnings?

HEADWATER EXPLORATION INC (HWX.CA) will report earnings on 2026-03-05, after the market close.


Can you provide the consensus estimates for HEADWATER EXPLORATION INC next earnings?

The consensus EPS estimate for the next earnings of HEADWATER EXPLORATION INC (HWX.CA) is 0.13 CAD and the consensus revenue estimate is 142.71M CAD.


How many analysts have analysed HEADWATER EXPLORATION INC (HWX.CA)?

The number of analysts covering HEADWATER EXPLORATION INC (HWX.CA) is 13.