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Horizon Gold Ltd
(Sydney:HRN)
Horizon Gold Ltd (HRN) vs. iShares MSCI Australia ETF (EWA)
Horizon Gold Ltd Business Overview & Revenue Model
Horizon Gold Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 65.00K | 135.00K | 136.00K | 17.00K |
| Gross Profit | -291.00K | -506.00K | -508.00K | -298.00K | -66.00K | -11.00K |
| EBITDA | -1.60M | -1.60M | -1.11M | -1.71M | -477.00K | -1.04M |
| Net Income | -972.00K | -972.00K | -1.71M | -2.14M | -487.00K | -1.07M |
Balance Sheet | ||||||
| Total Assets | 48.30M | 48.30M | 44.10M | 40.75M | 41.97M | 36.44M |
| Cash, Cash Equivalents and Short-Term Investments | 503.00K | 503.00K | 219.00K | 238.00K | 211.00K | 1.27M |
| Total Debt | 500.00K | 500.00K | 0.00 | 41.00K | 40.00K | 0.00 |
| Total Liabilities | 14.77M | 14.77M | 12.15M | 11.94M | 11.50M | 11.56M |
| Stockholders Equity | 33.53M | 33.53M | 31.96M | 28.80M | 30.47M | 24.88M |
Cash Flow | ||||||
| Free Cash Flow | -5.37M | -5.37M | -2.59M | -5.91M | -6.20M | -3.78M |
| Operating Cash Flow | -791.00K | -791.00K | -755.00K | -646.00K | -637.00K | -1.25M |
| Investing Cash Flow | 575.00K | 575.00K | -5.00M | 237.00K | -6.37M | -7.03M |
| Financing Cash Flow | 500.00K | 500.00K | 5.74M | 436.00K | 5.95M | 9.38M |
Horizon Gold Ltd Technical Analysis
Horizon Gold Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$153.88M | -9.62 | -8.73% | ― | ― | ― | |
54 Neutral | AU$158.62M | -141.04 | -2.97% | ― | ― | 42.74% | |
52 Neutral | AU$124.59M | -10.50 | -31.98% | ― | ― | -700.00% | |
51 Neutral | AU$166.84M | -10.14 | -18.74% | ― | ― | 14.63% | |
48 Neutral | AU$271.68M | -18.30 | -13.03% | ― | ― | ― |
Horizon Gold Ltd Corporate Events
Horizon Gold Limited has notified the ASX that director Leigh Ronald Ryan ceased to be a director of the company on 2 February 2026, in accordance with listing rule disclosure requirements. While Ryan holds no Horizon securities in his own name, he retains an indirect interest through the Ryan Super Fund account, which holds 79,200 fully paid ordinary shares and 1.5 million options exercisable at $0.33 each expiring in November 2026, indicating that he maintains a financial exposure to the company despite stepping down from the board.
The most recent analyst rating on (AU:HRN) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Horizon Gold Ltd stock, see the AU:HRN Stock Forecast page.
Horizon Gold Limited has appointed Scott Innes Williamson as a director, effective 2 February 2026. Upon his appointment, Williamson holds 3,500,000 performance rights in the company, expiring on 2 February 2031, with no additional indirect security interests or contract-related interests disclosed. The issuance of a substantial tranche of performance rights aligns the new director’s incentives with shareholder value creation and signals a long-term commitment to Horizon Gold’s strategic and operational objectives.
The most recent analyst rating on (AU:HRN) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Horizon Gold Ltd stock, see the AU:HRN Stock Forecast page.
Horizon Gold Limited, listed on the ASX under the code HRN, has notified the market of the issue of new unquoted equity securities in the form of performance rights. The company is issuing 3.5 million unquoted performance rights, effective 2 February 2026, which are not intended to be quoted on the ASX, indicating an equity-based incentive or compensation arrangement that could impact the firm’s capital structure and align interests between the company and eligible stakeholders over time.
The most recent analyst rating on (AU:HRN) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Horizon Gold Ltd stock, see the AU:HRN Stock Forecast page.
Horizon Gold Limited has lodged a notice with the ASX for a proposed issue of 3.5 million performance rights, creating a new class of securities, with an expected issue date of 2 February 2026. The move, structured as a placement or other type of issue, signals the company’s use of equity-linked incentives to support its capital management and alignment of interests between the company and its stakeholders, although detailed terms and specific strategic objectives for the performance rights were not disclosed in the filing.
The most recent analyst rating on (AU:HRN) stock is a Hold with a A$0.91 price target. To see the full list of analyst forecasts on Horizon Gold Ltd stock, see the AU:HRN Stock Forecast page.
Horizon Gold Limited has appointed experienced mining engineer and capital markets professional Scott Williamson as Chief Executive Officer and Managing Director, effective 2 February 2026, as it prepares for the next growth phase at its Gum Creek Gold Project. Williamson brings more than two decades of operational, corporate and investor-facing experience across gold, base metals and nickel projects in Australia, Africa and Southeast Asia, most recently as Managing Director of Blackstone Minerals. As part of a broader management reshuffle, incumbent Managing Director Leigh Ryan will resign from the board and transition to General Manager – Exploration to focus on expanding Gum Creek’s resource base, while Peter Sullivan will move from Executive Chairman to Non-executive Chairman. The board positions the leadership changes as strengthening both corporate stewardship and technical focus, aiming to accelerate the project’s pathway to production and support continued resource growth for shareholders.
The most recent analyst rating on (AU:HRN) stock is a Hold with a A$0.91 price target. To see the full list of analyst forecasts on Horizon Gold Ltd stock, see the AU:HRN Stock Forecast page.
Horizon Gold has reported an upgraded mineral resource estimate at its Gum Creek Gold Project to 37.97 million tonnes at 1.89 grams per tonne for 2.30 million ounces of gold, representing notable increases in both contained ounces and grade compared with the previous estimate. The company highlighted a substantial rise in indicated resources, a large free-milling component, and the fact that all resources sit on granted mining leases that remain open along strike and at depth, underscoring potential for further growth. Recent reverse circulation and diamond drilling at the Goldfinch, Robin, Kingfisher and Omega prospects has returned significant shallow intercepts and is targeting down-plunge extensions of prior high-grade hits, with several assay results still pending. Horizon also confirmed that work on the Gum Creek feasibility study is advancing on schedule toward completion in the first half of 2026, marking a key step in de-risking and progressing the project toward potential development for stakeholders.
The most recent analyst rating on (AU:HRN) stock is a Hold with a A$0.91 price target. To see the full list of analyst forecasts on Horizon Gold Ltd stock, see the AU:HRN Stock Forecast page.
Horizon Gold Limited has announced significant shallow gold intercepts from its reverse circulation drilling at the Gum Creek Gold Project. The drilling program, which included 55 holes across several prospects, aims to expand the company’s mineral resource estimate by incorporating these new findings. The results highlight the potential for additional shallow gold resources near existing and proposed processing sites, enhancing the company’s exploration and development prospects.
Horizon Gold Limited announced that all resolutions presented at their Annual General Meeting were successfully passed by shareholder vote. This outcome signifies strong shareholder support for the company’s strategic decisions, including the re-election of a director and approval of placement facilities, which may enhance its operational capabilities and market position.
Horizon Gold Ltd has reiterated the findings from its Gum Creek Scoping Study, emphasizing that there is no new information or data affecting the previously announced exploration results and resource estimates. The study outlines a production target based on a mix of Indicated and Inferred Mineral Resources, with the company maintaining confidence in the project’s technical and economic viability despite the inherent uncertainties associated with Inferred resources.
Horizon Gold Limited is progressing well with its Gum Creek Feasibility Study, aiming for completion in the first half of 2026. The project has seen a 60% increase in gold prices over the past year, enhancing the value of its assets. The company is focusing on key free milling gold resources, with plans to extend mine life through additional drilling and exploration. A recent $12 million capital raising has strengthened its financial position to complete the feasibility study and undertake planned exploration activities. The board is confident that the development of its large gold resource will add significant value for shareholders.