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Horizon Minerals Ltd ( (AU:HRZ) ) just unveiled an update.
Horizon Minerals has granted 871,292 long-term incentive performance rights to senior management and staff under its shareholder-approved Employee Incentive Scheme and plans to issue an additional 355,406 rights to Managing Director and CEO Grant Haywood, subject to shareholder approval. The performance rights, which convert into ordinary shares for nil consideration upon vesting, are structured around increases in group ore reserves and total shareholder return metrics through to 30 June 2028, aiming to align executives’ and employees’ interests with shareholders and support the company’s strategic growth in the gold sector.
The most recent analyst rating on (AU:HRZ) stock is a Sell with a A$1.00 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
More about Horizon Minerals Ltd
Horizon Minerals Limited is an Australian gold sector company listed on the ASX, operating with a focus on growing ore reserves and delivering shareholder returns from its gold assets. The company benchmarks its executive incentives against peer gold producers and explorers, underscoring its positioning within the competitive Australian gold mining industry.
Average Trading Volume: 927,109
Technical Sentiment Signal: Buy
Current Market Cap: A$254.8M
See more data about HRZ stock on TipRanks’ Stock Analysis page.