Horizon Gold Ltd (AU:HRN)
ASX:HRN
Want to see AU:HRN full AI Analyst Report?
Top Page
Horizon Gold Ltd
(Sydney:HRN)
Select Model
Select Model
Rating:56Neutral
Price Target:
AU$1.00
▲(20.48% Upside)
Action:Reiterated
Date:03/17/26
The score is held down primarily by weak financial performance (zero revenue in 2025, ongoing losses, and persistent cash burn), partially offset by a low-leverage balance sheet. Technicals are a near-term positive with strong uptrends and positive momentum, while valuation signals are constrained by losses (negative P/E) and the absence of a dividend.
Positive Factors
Very low leverage
Near-zero debt materially reduces solvency and refinancing risk for an explorer. That balance sheet flexibility gives management time to advance targets, pursue JV or farm-in terms from a stronger negotiating position, and access capital without immediate distress.
Negative Factors
Zero revenue in 2025
No reported revenue indicates the company has not reached commercial production and lacks operating scale. Long-term viability depends on successful exploration or external financing; without revenue, projects can't be stress-tested and ongoing costs must be funded externally.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Near-zero debt materially reduces solvency and refinancing risk for an explorer. That balance sheet flexibility gives management time to advance targets, pursue JV or farm-in terms from a stronger negotiating position, and access capital without immediate distress.
Read all positive factors
Horizon Gold Ltd (HRN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$188.81M
Dividend YieldN/A
Average Volume (3M)119.56K
Price to Earnings (P/E)―
Beta (1Y)0.58
Revenue GrowthN/A
EPS Growth-92.31%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding178,126,020
10 Day Avg. Volume159,279
30 Day Avg. Volume119,565
Financial Highlights & Ratios
PEG Ratio1.79
Price to Book (P/B)2.39
Price to Sales (P/S)0.00
P/FCF Ratio-14.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Horizon Gold Ltd Business Overview & Revenue Model
Company Description
Horizon Gold Limited is an Australian company focused on the full lifecycle of gold resources, from identifying and appraising potential sites to developing and operating mines. Its key asset is the Gum Creek gold project, which encompasses approx...
How the Company Makes Money
null...
Horizon Gold Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -38.00K | 0.00 | 65.00K | 135.00K | 136.00K | 17.00K |
| Gross Profit | -298.00K | -506.00K | -508.00K | -298.00K | -66.00K | -11.00K |
| EBITDA | -1.55M | -1.60M | -1.11M | -1.71M | -477.00K | -1.04M |
| Net Income | -1.11M | -972.00K | -1.71M | -2.14M | -487.00K | -1.07M |
Balance Sheet | ||||||
| Total Assets | 57.98M | 48.30M | 44.10M | 40.75M | 41.97M | 36.44M |
| Cash, Cash Equivalents and Short-Term Investments | 4.41M | 503.00K | 219.00K | 238.00K | 211.00K | 1.27M |
| Total Debt | 0.00 | 500.00K | 0.00 | 41.00K | 40.00K | 0.00 |
| Total Liabilities | 13.24M | 14.77M | 12.15M | 11.94M | 11.50M | 11.56M |
| Stockholders Equity | 44.74M | 33.53M | 31.96M | 28.80M | 30.47M | 24.88M |
Cash Flow | ||||||
| Free Cash Flow | -4.37M | -5.37M | -2.59M | -5.91M | -6.20M | -3.78M |
| Operating Cash Flow | -955.00K | -791.00K | -755.00K | -646.00K | -637.00K | -1.25M |
| Investing Cash Flow | -9.58M | 575.00K | -5.00M | 237.00K | -6.37M | -7.03M |
| Financing Cash Flow | 11.31M | 500.00K | 5.74M | 436.00K | 5.95M | 9.38M |
Horizon Gold Ltd Technical Analysis
Neutral
0.83
Price Trends
1.10
Negative
1.16
Negative
0.95
Positive
Market Momentum
>-0.01
Negative
48.79
Neutral
89.58
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HRN, the sentiment is Neutral. The current price of 0.83 is below the 20-day moving average (MA) of 1.05, below the 50-day MA of 1.10, and below the 200-day MA of 0.95, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.79 is Neutral, neither overbought nor oversold. The STOCH value of 89.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:HRN.
Horizon Gold Ltd Peers Comparison
UnderperformOutperform
Sector (61)
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$188.81M | -158.28 | -2.84% | ― | ― | -92.31% | |
49 Neutral | AU$178.10M | -23.59 | -9.62% | ― | ― | 13.13% | |
45 Neutral | AU$201.61M | -66.11 | -3.05% | ― | ― | 52.92% | |
43 Neutral | AU$106.50M | -23.20 | -5.07% | ― | ― | 78.49% |
* Basic Materials Sector Average
AU:HRN
Horizon Gold Ltd
1.06
0.50
88.61%
AU:GPR
Geopacific Resources Limited
0.03
0.01
50.00%
AU:TTM
Titan Minerals Ltd
0.70
0.35
100.00%
AU:TOR
Torque Metals Ltd.
0.29
0.16
137.50%
Horizon Gold Ltd Corporate Events
Horizon Gold Unveils New Website and Investor Hub to Boost Shareholder Engagement
Jun 17, 2026
Horizon Gold Limited has launched a redesigned corporate website alongside a new Investor Hub platform aimed at centralising access to ASX announcements, reports, presentations and multimedia content for current and potential shareholders. The ini...
Horizon Gold Drilling Delivers High-Grade Hits to Boost Gum Creek Economics
Jun 9, 2026
Horizon Gold has reported multiple high-grade gold intercepts from recent reverse circulation drilling at its Gum Creek project, with notable results from the Swift and Eagle prospects extending mineralisation beyond the current resource model. Th...
Horizon Gold Accelerates Gum Creek Drilling and Feasibility with $30m Raising
Apr 28, 2026
Horizon Gold reported further encouraging drilling results from its Kingfisher prospect at Gum Creek, with several high-grade gold intercepts indicating additional mineralisation within interpreted gold shoots and potential extensions down plunge ...
Horizon Gold seeks ASX quotation for 1.24m new shares
Apr 8, 2026
Horizon Gold Limited has applied to the Australian Securities Exchange for quotation of 1,235,205 new ordinary fully paid shares under its existing ticker HRN. The newly issued securities, which form part of a previously announced transaction, are...
Horizon Gold Director Increases Stake via Rights Issue
Apr 2, 2026
Horizon Gold Ltd has disclosed a change in director Peter Ross Sullivan’s indirect interests, with entities he fully controls increasing their holdings in the company through participation in a renounceable rights entitlement issue. The tran...
Horizon Gold Seeks ASX Quotation for 7.2 Million New Shares
Apr 2, 2026
Horizon Gold Ltd has applied to the ASX for quotation of 7,246,810 new ordinary fully paid shares, with the securities to be issued and quoted from April 2, 2026 under the code HRN. The additional shares, issued as part of a previously announced t...
Horizon Gold Raises Full A$10.2m Through Entitlement Offer and Shortfall Placement
Apr 1, 2026
Horizon Gold Limited has successfully closed its pro-rata entitlement issue, raising approximately A$8.7 million from shareholders, representing an 85% take-up of the offer of one new share for every 20 held at A$1.20 per share. The new shares fro...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.