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Horizon Minerals Ltd (AU:HRZ)
ASX:HRZ

Horizon Minerals Ltd (HRZ) AI Stock Analysis

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AU

Horizon Minerals Ltd

(Sydney:HRZ)

Rating:48Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
Horizon Minerals Ltd's overall stock score is primarily impacted by its weak financial performance and poor valuation metrics. The technical analysis indicates some bearish signals, further affecting the score. Despite manageable leverage, the company's ability to improve operational efficiency and generate positive cash flow remains a critical concern.

Horizon Minerals Ltd (HRZ) vs. iShares MSCI Australia ETF (EWA)

Horizon Minerals Ltd Business Overview & Revenue Model

Company DescriptionHorizon Minerals Limited engages in the exploration and development of mineral properties in Australia. It explores for gold, nickel, copper, vanadium, molybdenum, silver, and zinc deposits The company operates 100% owned gold projects in the Kalgoorlie and Coolgardie regions. The company also holds 100% interest in the Nimbus silver-zinc project; and the Boorara gold project located in the east of Kalgoorlie, as well as has joint venture at the Richmond vanadium project located in Queensland. In addition, it holds a 50% interest in the Penny's Find gold project; and 100% interest in the Cannon, Glandore, and Cowarna gold projects. The company was formerly known as Intermin Resources Limited and changed its name to Horizon Minerals Limited in July 2019. Horizon Minerals Limited was incorporated in 1974 and is based in Nedlands, Australia.
How the Company Makes MoneyHorizon Minerals Ltd generates revenue primarily through the extraction and sale of gold from its mining operations. The company monetizes its mineral resources by developing and operating its gold projects, which involves exploring and expanding its resource base, as well as optimizing mining and processing activities to enhance production efficiency. Horizon Minerals may also engage in strategic joint ventures or partnerships to leverage expertise and share operational risks. Additionally, the company may benefit from fluctuations in gold prices, which can impact its revenue and profitability.

Horizon Minerals Ltd Financial Statement Overview

Summary
Horizon Minerals Ltd faces significant financial challenges, with inconsistent revenue, ongoing profitability issues, and negative cash flows. The balance sheet shows moderate leverage, but there are concerns about asset management and liquidity.
Income Statement
42
Neutral
Horizon Minerals Ltd has shown inconsistent revenue trends with significant fluctuations over the years. Despite a notable increase in revenue in the latest year, the company still reports negative EBIT and net income, indicating continued operational challenges. Margins remain negative, highlighting ongoing profitability issues.
Balance Sheet
55
Neutral
The company's balance sheet reveals moderate leverage with a debt-to-equity ratio that remains manageable. However, the decline in stockholders' equity and total assets over recent years suggests potential challenges in asset management. The equity ratio remains relatively strong, indicating a reasonable level of financial stability.
Cash Flow
48
Neutral
Cash flow analysis shows negative operating and free cash flows, impacting the company's liquidity position. Although there has been a reduction in negative free cash flow, the company's ability to generate positive cash flow from operations remains a concern. Investment activities have been significant, but financing activities have not fully offset the negative cash flow.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
-2.37M6.61M81.88K3.32M17.85M62.56K
Gross Profit
-2.39M6.61M81.25K1.26M3.36M-66.24K
EBIT
-7.68M-3.37M-9.39M-2.55M1.60M1.29M
EBITDA
-4.95M-1.70M-242.68K-27.54M3.03M1.42M
Net Income Common Stockholders
-9.20M-3.46M-1.01M-28.03M2.45M1.04M
Balance SheetCash, Cash Equivalents and Short-Term Investments
10.18M4.29M5.62M5.41M11.32M5.90M
Total Assets
84.38M58.93M44.74M46.48M66.45M55.15M
Total Debt
9.56M8.23M6.97M86.20K133.94K4.42M
Net Debt
-627.11K3.94M1.34M-5.32M-11.18M-1.48M
Total Liabilities
29.31M12.66M9.44M6.48M2.38M8.73M
Stockholders Equity
55.08M46.27M35.29M40.00M64.07M46.42M
Cash FlowFree Cash Flow
-11.51M-7.08M-13.04M-9.25M-7.09M-6.46M
Operating Cash Flow
-8.95M-4.30M-6.81M-2.39M6.05M-2.08M
Investing Cash Flow
1.29M3.75M-3.96M-7.13M-10.96M-2.63M
Financing Cash Flow
12.32M-785.67K10.98M3.62M10.33M5.66M

Horizon Minerals Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.05
Price Trends
50DMA
0.05
Negative
100DMA
0.06
Negative
200DMA
0.05
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
44.30
Neutral
STOCH
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HRZ, the sentiment is Negative. The current price of 0.05 is above the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.30 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HRZ.

Horizon Minerals Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$2.04B-1.15-21.37%3.64%2.88%-30.57%
AUHRZ
48
Neutral
€120.84M
$19.50B25.0111.01%2.41%
$789.12M41.67-5.02%
$11.06B24.2916.97%1.30%
$2.37B-0.38%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:HRZ
Horizon Minerals Ltd
0.05
<0.01
14.29%
NESRF
Northern Star Resources Ltd
13.63
4.67
52.12%
RMGGF
Resolute Mining
0.33
-0.03
-8.33%
CAHPF
Evolution Mining
5.50
2.98
118.25%
RGRNF
Regis Resources Limited
2.98
1.77
146.28%

Horizon Minerals Ltd Corporate Events

Horizon Minerals Announces 2025 General Meeting for Shareholders
Jun 9, 2025

Horizon Minerals Ltd has announced its upcoming General Meeting scheduled for July 10, 2025, in Perth, Western Australia. Shareholders are encouraged to participate by lodging proxy forms before the deadline. This meeting is significant for stakeholders as it provides an opportunity to engage with the company’s management and discuss future strategies.

The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.

Horizon Minerals Announces Quotation of New Securities on ASX
May 30, 2025

Horizon Minerals Limited has announced the quotation of 274,851,051 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of May 30, 2025. This move is part of previously announced transactions, potentially strengthening the company’s financial standing and market presence, which could have significant implications for stakeholders and investors.

The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.

Horizon Minerals Issues Over 274 Million Shares in Strategic Capital Raise
May 30, 2025

Horizon Minerals Ltd has announced the issuance of 274,851,051 fully paid ordinary shares at an issue price of $0.043 each, as part of a two-tranche placement. This move, conducted under ASX Listing Rules 7.1 and 7.1A, signifies the company’s efforts to raise capital without disclosure to investors under Part 6D.2 of the Corporations Act. The issuance aligns with the company’s compliance with relevant provisions of the Corporations Act, indicating a strategic step in its financial operations. This development could potentially impact the company’s market positioning by enhancing its financial base, thereby influencing stakeholders’ perspectives.

The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.

Horizon Minerals Addresses ASX Compliance Issue on Premature Disclosure
May 30, 2025

Horizon Minerals Ltd addressed a compliance issue with the ASX regarding the premature release of information about a capital raising. The company acknowledged that information was shared with the media before being officially announced to the ASX, due to a misunderstanding of disclosure rules. Horizon has a Continuous Disclosure Policy to ensure compliance with ASX regulations and plans to review and reinforce this policy to prevent future occurrences.

The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.

Horizon Minerals Announces Expiry of Listed Options
May 29, 2025

Horizon Minerals Ltd announced the expiry of its listed options (ASX: HRZOB), which are exercisable at $0.097 each and will expire on June 30, 2025. Option holders have the choice to exercise, sell, or let their options lapse, with the official quotation ceasing on June 24, 2025. This announcement may impact the company’s stock liquidity and investor decisions as the options approach their expiration.

The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.

Horizon Minerals Announces Proposed Securities Issuance
May 25, 2025

Horizon Minerals Limited has announced a proposed issuance of up to 697,674,418 ordinary fully paid securities. This move is part of a placement or other type of issue, with the proposed issue date set for July 11, 2025. The issuance aims to support the company’s strategic initiatives and potentially strengthen its financial position, impacting its operations and market standing.

The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.

Horizon Minerals Secures A$30 Million to Accelerate Growth Strategy
May 25, 2025

Horizon Minerals Limited has successfully secured commitments for a two-tranche placement, raising approximately A$30 million to expedite its growth strategy. This funding will bolster the company’s working capital, enabling accelerated resource and exploration drilling, as well as refurbishment studies for the Black Swan processing plant. The placement introduces new institutional investors and supports ongoing mining operations at Boorara and Phillips Find, with potential implications for increased cash generation and debt retirement.

The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.

Horizon Minerals Initiates Trading Halt for Capital Raising Announcement
May 22, 2025

Horizon Minerals Limited has requested a trading halt on its securities as it prepares to announce a proposed capital raising. This move is intended to allow the company to finalize necessary documentation and announcements related to the capital raising, which could have significant implications for its financial strategy and market positioning.

The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.

Horizon Minerals Ltd Issues New Shares for ASX Quotation
May 16, 2025

Horizon Minerals Ltd announced the issuance of 4,495 fully paid ordinary shares, which are set to be quoted on the Australian Securities Exchange (ASX) under the code HRZ. This move reflects the company’s ongoing efforts to enhance its capital structure and potentially improve its market position, which could have implications for its stakeholders by potentially increasing the liquidity of its shares.

The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.

Horizon Minerals Issues 50.9 Million Shares Under Convertible Loan Agreement
May 13, 2025

Horizon Minerals Ltd has issued 50.9 million fully paid ordinary shares at $0.04 each under a convertible loan agreement with Nebari Gold Fund, LP, as approved by shareholders. This move, conducted without disclosure under the Corporations Act, aligns with the company’s strategic financial arrangements and Nebari has already organized an off-market trade for the entire block of shares, indicating a potential shift in stakeholder dynamics.

The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.

Horizon Minerals Ltd Issues New Shares to Strengthen Capital Structure
May 13, 2025

Horizon Minerals Ltd has announced the issuance of 50,900,000 fully paid ordinary shares, which will be quoted on the ASX under the code HRZ. This move is part of the company’s strategy to enhance its capital structure, potentially impacting its market positioning and providing opportunities for stakeholders.

The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.

Horizon Minerals Announces Proposed Securities Issue
May 12, 2025

Horizon Minerals Limited has announced a proposed issue of 50,900,000 ordinary fully paid securities, with the issuance date set for May 13, 2025. This strategic move is likely aimed at raising capital to support the company’s operations and growth initiatives, potentially impacting its market position and offering new opportunities for stakeholders.

Horizon Minerals Ltd: Advancing as a Standalone Gold Producer
May 11, 2025

Horizon Minerals Ltd has released a presentation outlining its position as a standalone gold producer, emphasizing its focus on mineral resource estimates and ore reserves. The presentation includes forward-looking statements about future earnings, cash flow, and financial performance, highlighting the inherent risks and uncertainties in the mining sector. The company aims to strengthen its industry positioning by addressing potential challenges such as obtaining regulatory approvals and managing market fluctuations.

Horizon Minerals Announces Quotation of New Securities on ASX
May 2, 2025

Horizon Minerals Limited announced the quotation of 24,415 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code HRZ, effective from May 2, 2025. This move is part of the company’s ongoing efforts to enhance its capital structure and potentially improve liquidity, which could have positive implications for its market positioning and stakeholder confidence.

Horizon Minerals Strengthens Board with Experienced Mining Executive
Apr 30, 2025

Horizon Minerals Limited has announced the appointment of Mr. Rob Waugh as a Non-Executive Director, effective May 1, 2025. With over 35 years of experience in the resources sector, particularly in gold and base metals, Mr. Waugh’s expertise is expected to be instrumental as Horizon embarks on significant drilling programs to grow its 1.8 million-ounce resource base. His previous roles include senior management positions at WMC Resources and BHP Billiton, and he recently led Musgrave Minerals to a successful acquisition. This strategic board appointment is anticipated to bring valuable insights and leadership to Horizon’s growth phase, potentially impacting its operations and market positioning positively.

Horizon Minerals Reports Quarterly Cash Flow with Strategic Financing Boost
Apr 29, 2025

Horizon Minerals Ltd reported its quarterly cash flow, highlighting a significant net cash outflow from operating activities amounting to $7.48 million, primarily due to production costs. Despite this, the company secured $9.545 million from financing activities, indicating a strategic move to bolster its financial position amid operational challenges.

Horizon Minerals Achieves First Gold Pours and Completes Strategic Merger
Apr 29, 2025

Horizon Minerals Limited announced its first gold pours from the Boorara and Phillips Find projects, generating significant revenue through ore sale and toll milling agreements. The company completed a merger with Poseidon Nickel Limited, acquiring key infrastructure assets, and is progressing towards becoming a standalone gold producer with plans for further exploration and development activities in the upcoming quarter.

Horizon Minerals Expands Resource Base Following Poseidon Nickel Merger
Apr 28, 2025

Horizon Minerals Limited has announced an updated Mineral Resource Statement following its merger with Poseidon Nickel Limited. The company’s resources now include 1.8 million ounces of gold, 20.2 million ounces of silver, 104,000 tonnes of zinc, 422,000 tonnes of nickel, and 7,800 tonnes of cobalt. This merger adds significant nickel resources and infrastructure, such as the Black Swan plant, which will be converted to support gold production. The company aims for sustained gold production and cash flow, with plans for further resource expansion through mergers and acquisitions and drilling activities.

Horizon Minerals Announces Cessation of Performance Rights
Apr 17, 2025

Horizon Minerals Limited announced the cessation of 420,000 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and reflects the challenges in meeting performance conditions, potentially affecting stakeholder expectations and company operations.

Horizon Minerals Ltd Announces Quotation of New Securities on ASX
Apr 14, 2025

Horizon Minerals Ltd announced the quotation of 1,927 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code HRZ, effective April 14, 2025. This move is part of their ongoing strategy to enhance liquidity and provide more opportunities for investors, potentially strengthening their market position and stakeholder engagement.

Horizon Minerals Advances Gold Projects with New Agreements and Steady Operations
Mar 30, 2025

Horizon Minerals Limited has announced significant progress in its Phillips Find and Boorara Gold Projects. The company has completed the processing of the first ore parcel from Phillips Find and is set to process additional ore under a new Toll Milling Agreement. Boorara is now operating at a steady state, with substantial ore stockpiles ready for processing, ensuring continuous cash flow generation into 2026. The new agreements and steady operations are expected to enhance Horizon’s gold production and financial stability.

Horizon Minerals Completes Sale of Ineligible Shareholdings Post-Merger
Mar 16, 2025

Horizon Minerals Ltd has completed the sale of ineligible and unmarketable shareholdings resulting from its merger with Poseidon Nickel Ltd. The sale, managed by Argonaut Securities Limited, involved 20,588,030 shares and generated proceeds of $1,263,929.90, which will be distributed to shareholders. This transaction finalizes the consolidation of shareholdings post-merger, ensuring that all ineligible and unmarketable shares have been addressed, potentially streamlining Horizon’s shareholder base and enhancing operational efficiency.

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.