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Horizon Minerals Ltd
(Sydney:HRZ)
Horizon Minerals Ltd (HRZ) vs. iShares MSCI Australia ETF (EWA)
Horizon Minerals Ltd Business Overview & Revenue Model
Horizon Minerals Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 36.85M | 36.85M | 6.61M | 81.88K | 3.32M | 17.85M |
| Gross Profit | -7.00M | 6.28M | 6.61M | 81.25K | 1.26M | 3.36M |
| EBITDA | -11.93M | -10.53M | -1.70M | -243.00K | -27.54M | 3.03M |
| Net Income | -23.85M | -23.85M | -3.46M | -1.01M | -28.03M | 2.45M |
Balance Sheet | ||||||
| Total Assets | 195.01M | 195.01M | 58.93M | 44.74M | 46.48M | 66.45M |
| Cash, Cash Equivalents and Short-Term Investments | 15.70M | 15.70M | 4.29M | 5.62M | 5.41M | 11.32M |
| Total Debt | 8.11M | 8.11M | 8.23M | 6.97M | 86.20K | 133.94K |
| Total Liabilities | 110.94M | 110.94M | 12.66M | 9.44M | 6.48M | 2.38M |
| Stockholders Equity | 84.07M | 84.07M | 46.27M | 35.29M | 40.00M | 64.07M |
Cash Flow | ||||||
| Free Cash Flow | -22.08M | -25.20M | -7.08M | -13.04M | -9.25M | -7.09M |
| Operating Cash Flow | -15.41M | -15.17M | -4.30M | -6.81M | -2.39M | 6.05M |
| Investing Cash Flow | -6.13M | -6.13M | 3.75M | -3.96M | -7.13M | -10.96M |
| Financing Cash Flow | 33.30M | 32.70M | -785.67K | 10.98M | 3.62M | 10.33M |
Horizon Minerals Ltd Technical Analysis
Horizon Minerals Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | €151.29M | 11.52 | 13.04% | 3.62% | 24.48% | 97.18% | |
| ― | AU$636.16M | 14.75 | 22.29% | ― | 117.95% | ― | |
| ― | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
| ― | AU$270.70M | -18.88 | -20.84% | ― | 11.43% | -238.93% | |
| ― | AU$136.03M | ― | -27.81% | ― | ― | -35.98% | |
| ― | €209.63M | -4.73 | ― | ― | ― | ― | |
| ― | AU$177.82M | ― | -454.45% | ― | ― | 15.86% |
Horizon Minerals Ltd Corporate Events
Horizon Minerals Limited has announced the application for quotation of 165,213 ordinary fully paid securities on the Australian Securities Exchange. This move is part of the company’s strategy to enhance its financial flexibility and potentially fund future exploration and development projects, which could impact its market positioning and stakeholder interests.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.18 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 has announced a proposed consolidation of its capital on a 15-for-1 basis, pending shareholder approval at the upcoming Annual General Meeting. This move aims to reduce the number of shares to below one billion, creating a more effective capital structure and potentially attracting a broader range of investors. The consolidation will not materially affect individual shareholder percentages, and all options and performance rights will be adjusted accordingly.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
Horizon Minerals Limited announced a security consolidation affecting its ordinary fully paid shares, performance rights, and options. This consolidation is subject to shareholder approval at the upcoming Annual General Meeting, and trading in the post-consolidation securities will commence on a deferred settlement basis starting December 9, 2025. This move is expected to streamline the company’s capital structure, potentially enhancing its market positioning and operational efficiency.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.18 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 has announced its Annual General Meeting (AGM) for shareholders, scheduled to take place on November 28, 2025, in Perth, Western Australia. The company encourages shareholders to lodge proxy forms in advance and offers the option to submit questions prior to the meeting. This announcement emphasizes the company’s commitment to shareholder engagement and transparency, as well as its adaptation to digital communication methods for distributing meeting notices and other important documents.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
Horizon Minerals Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled to take place on Friday, 28 November 2025, at 2.00pm (WST) in Perth, Western Australia. Shareholders are encouraged to participate in the voting process either in person, by proxy, or through an authorized representative, with proxy forms to be submitted no later than 48 hours before the meeting. This meeting is a key event for stakeholders to engage with the company’s strategic direction and governance.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.18 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 has outlined its strategic vision to become a ~100kozpa gold producer, although it acknowledges that this goal is aspirational and dependent on several factors including exploration success and resource definition. The announcement highlights the company’s ongoing efforts to expand its production capabilities and improve its financial performance, despite inherent risks and uncertainties in the mining sector.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.18 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 reported a positive cash flow from operating activities for the quarter ending September 30, 2025, driven by significant gold and ore sales totaling $41.9 million. The company also secured $18.2 million from equity securities, offsetting costs and investments in exploration and equipment, resulting in a net increase in cash and cash equivalents for the period.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
Horizon Minerals Limited reported continued safe gold production and revenue from its Boorara and Phillips Find operations, alongside ongoing drilling and engineering studies for the Black Swan Project. The company also acquired a 100% interest in the Gordons Project, enhancing its asset portfolio near the Black Swan processing facility. These activities are part of Horizon’s strategic focus on expanding its gold production capabilities and exploration efforts, which include accelerating the Burbanks drilling program and refurbishing the Black Swan facility into a gold plant.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
Horizon Minerals Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement, approved by the board, outlines the company’s adherence to ASX Corporate Governance Council’s principles, detailing the extent of compliance and any deviations. This disclosure is crucial for stakeholders as it highlights the company’s commitment to transparency and accountability in its operations, potentially impacting investor confidence and market positioning.
The most recent analyst rating on (AU:HRZ) stock is a Buy with a A$0.18 price target. To see the full list of analyst forecasts on Horizon Minerals Ltd stock, see the AU:HRZ Stock Forecast page.
Horizon Minerals Limited has announced significant results from its ongoing drilling program at the Burbanks gold project, revealing high-grade gold intersections. The drilling, which began in June 2025, aims to enhance resource continuity and confidence, with the first phase focusing on infill drilling. These results underscore the potential of the Burbanks project to improve resource confidence and support development studies, ultimately providing high-grade feed to Horizon’s Black Swan processing plant.
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 has announced that its 2025 Annual General Meeting (AGM) will be held on November 28, 2025. The meeting will include the election of directors, with nominations closing on October 10, 2025. This announcement is part of the company’s compliance with ASX listing rules and reflects its ongoing corporate governance practices.
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 has issued 25 million fully paid ordinary shares at $0.04 each to Nebari Gold Fund 1, LP as partial repayment of a Convertible Loan Facility. This strategic move, approved by shareholders, is part of the company’s financial management efforts and complies with relevant ASX and Corporations Act regulations, potentially impacting its financial stability and investor confidence.
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 has announced the application for the quotation of 25 million fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code HRZ. This move is part of a previously announced transaction, and it signifies the company’s ongoing efforts to enhance its financial standing and operational capacity, potentially impacting its market presence and shareholder value.
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 Limited has announced the appointment of Brendan Shalders as its new Chief Financial Officer, effective January 2026. Shalders, who previously served as CEO and CFO at Poseidon Nickel Limited, brings over 20 years of experience in the mining sector, including expertise in financial and corporate management. His appointment is expected to enhance Horizon’s leadership team as the company advances its growth plans following its recent merger with Poseidon.
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 has announced the issuance of 5,813,954 fully paid ordinary shares at a price of $0.043 per share for transaction-related services. This issuance was conducted under ASX Listing Rules 7.1 and without disclosure to investors under Part 6D.2 of the Corporations Act 2001. The company confirms compliance with relevant provisions of the Corporations Act and states that there is no excluded information requiring disclosure. This move is part of Horizon’s strategic financial operations, potentially impacting its market positioning and stakeholder interests by enhancing liquidity and funding capabilities.
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 has announced a proposed issue of 25 million ordinary fully paid securities, scheduled for issuance on September 22, 2025. This move is part of a placement or other type of issue, which could potentially enhance the company’s capital structure and support its ongoing exploration and development activities, thereby strengthening its position in the mining industry.
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 Limited has announced a proposed issue of 5,813,954 ordinary fully paid securities, with the issue date set for September 19, 2025. This move is part of a strategic placement to enhance the company’s capital structure, potentially impacting its market positioning and providing opportunities for growth and development in the mining sector.
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 has issued a clarification regarding the expiry date of its listed options (ASX: HRZO). The company corrected a previous announcement, stating that the official quotation of the options will cease on Monday, 15 September 2025, instead of the previously mentioned date. The options are exercisable at $0.087 each and expire on 21 September 2025. This clarification ensures that stakeholders are accurately informed about the timeline for exercising their options, which is crucial for maintaining transparency and trust with 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 Limited has released its annual financial report for 2025, highlighting its strategic acquisition of Poseidon Nickel Limited’s processing infrastructure. This acquisition positions Horizon for sustainable long-term gold production and cashflow, strengthening its status as an independent mid-cap producer. The company’s adherence to the 4th Edition of the ASX Corporate Governance Recommendations underscores its commitment to corporate governance. This development is expected to enhance Horizon’s operational capabilities and market positioning, benefiting stakeholders and supporting growth in the Kalgoorlie region.
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 has announced the quotation of 75,000,000 ordinary fully paid securities on the Australian Securities Exchange, effective from September 4, 2025. This move is part of a previously announced transaction and is expected to enhance the company’s liquidity and market presence, potentially benefiting stakeholders by increasing the company’s capital base.
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 has issued 75 million fully paid ordinary shares to Nebari Gold Fund 1, LP as a partial repayment of a Convertible Loan Facility. This transaction, approved by shareholders in November 2022, was conducted without disclosure to investors under specific sections of the Corporations Act. The company has complied with relevant legal provisions and there is no excluded information that needs disclosure. Nebari has arranged an off-market trade for the entire block of shares, indicating a strategic financial maneuver to manage its obligations.
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 has announced the appointment of Mr. Daniel Coletta as the new Company Secretary, responsible for communications with the ASX regarding listing rule matters. This follows the departure of Mr. Julian Tambyrajah, who served as both CFO and Company Secretary for five years. The company is set to begin the process of appointing a new CFO, marking a significant shift in its management structure.
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 Limited has announced a proposed issue of 75,000,000 ordinary fully paid securities, scheduled for issuance on September 8, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s market positioning by increasing its capital base, which may support further exploration and development activities.
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 Limited has provided an update on its Pre-Feasibility Study for the Black Swan Project, which includes refurbishing and repurposing the existing infrastructure to support a new gold processing plant. The study, conducted by GR Engineering Services Limited, is in its final stages and involves upgrading the comminution circuit and introducing a new Carbon in Leach processing facility. The study’s progress marks a significant step in Horizon’s growth strategy, with the final outcomes expected in the December 2025 quarter, followed by a Financial Investment Decision.
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 has announced the expiry of its listed options (ASX: HRZO), which are exercisable at $0.087 each and will expire on September 21, 2025. Option holders have the choice to exercise, sell, or let their options expire, with the official quotation ceasing on September 16, 2025. This announcement is crucial for stakeholders as it impacts their decision-making regarding the exercise of options, especially given the current market price of Horizon’s 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 Limited has announced the acquisition of several gold projects near its Black Swan processing facility through a Binding Tenement Sale Agreement with Yandal Resources Limited. The acquisition, valued at A$2.810 million, includes the Gordons, Mt Jewell, Malone, and Mulgarrie projects, which cover an area of approximately 77 km². This strategic move aims to consolidate Horizon’s assets in the region, enhancing its resource base and exploration potential, and supports the company’s goal of developing a five-year life of mine plan.
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 has released a presentation highlighting its position as an emerging standalone gold producer. The presentation contains forward-looking statements about the company’s future earnings, cash flow, costs, and financial performance, emphasizing the inherent risks and uncertainties in the mining industry. The company advises stakeholders to seek professional advice before making investment decisions and cautions against relying on forward-looking statements as guarantees of future performance.
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.
Yandal Resources Ltd has executed a binding Tenement Sale Agreement with Horizon Minerals Limited for the sale of the Gordons Gold Project, valued at A$2.81 million in cash and shares. This strategic divestment aligns with Yandal’s focus on prioritizing exploration opportunities within its core projects, providing additional funding for its exploration activities, particularly at the Caladan target area, where promising results are anticipated.
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 Limited has announced the acquisition of several gold projects near its Black Swan processing facility, including the Gordons Dam project, through a binding agreement with Yandal Resources Limited. This strategic acquisition, valued at A$2.810 million, aims to enhance Horizon’s resource base and exploration potential, supporting its goal of developing a five-year life of mine plan and strengthening its position in the Western Australian goldfields.
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 reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $1.845 million, primarily due to production and staff costs. The company also noted a positive net cash flow from financing activities amounting to $11.035 million, driven by proceeds from equity securities. Despite challenges in operating cash flow, Horizon Minerals is actively investing in its growth through acquisitions and joint ventures, which could strengthen its market presence and operational capacity.
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 reported steady gold production and revenue from its Boorara and Phillips Find operations during the June 2025 quarter, generating significant revenue through existing ore sale and toll milling agreements. The company commenced a drilling program at Burbanks and awarded an engineering study for the Black Swan plant refurbishment. Additionally, Horizon completed a successful $30 million two-tranche placement, which will support ongoing projects and exploration efforts. These developments are expected to enhance Horizon’s operational capabilities and strengthen its position in the gold mining industry.
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.