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Horizon Minerals Ltd
(Sydney:MRT)
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Rating:41Neutral
Price Target:
AU$0.59
▼(-52.66% Downside)
Action:Reiterated
Date:07/09/26
Overall score is weighed down primarily by weak financial performance (declining revenue, persistent losses, negative ROE, and negative operating cash flow). Technicals add further pressure with a clear downtrend and negative MACD, only partially offset by oversold readings. Valuation provides limited support due to a negative P/E and no dividend yield data.
Positive Factors
Low leverage
A debt-to-equity of ~0.10 indicates conservative leverage, providing durable financial flexibility. Lower interest burden and covenant risk support the company's ability to absorb commodity volatility, pursue financing or asset work without immediate solvency pressure over the next months.
Negative Factors
Severe revenue decline
A revenue collapse of this magnitude reflects a structural loss of scale or one-off impairments that materially weaken business economics. Sustaining operations and fixed-cost coverage becomes harder, lengthening recovery and increasing reliance on external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A debt-to-equity of ~0.10 indicates conservative leverage, providing durable financial flexibility. Lower interest burden and covenant risk support the company's ability to absorb commodity volatility, pursue financing or asset work without immediate solvency pressure over the next months.
Read all positive factors
Horizon Minerals Ltd (MRT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$230.58M
Dividend YieldN/A
Average Volume (3M)11.24M
Price to Earnings (P/E)―
Beta (1Y)1.78
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding371,896,330
10 Day Avg. Volume13,597,938
30 Day Avg. Volume11,242,896
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)1.92
Price to Sales (P/S)4.37
P/FCF Ratio-6.39
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)-0.08
Revenue Forecast (FY)AU$24.17M
Horizon Minerals Ltd Business Overview & Revenue Model
Company Description
Maritana Minerals Limited is an Australian company dedicated to the discovery, advancement, and extraction of gold and various other mineral resources. Its primary focus lies in identifying deposits of gold, nickel, cobalt, silver, and zinc. The c...
Horizon Minerals Ltd Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 97.63M | 36.85M | 6.61M | 81.88K | 3.32M | 17.85M |
| Gross Profit | 2.43M | 6.28M | 6.61M | 81.25K | 1.26M | 3.36M |
| EBITDA | -1.38M | -10.53M | -1.70M | -195.41K | -27.54M | 2.25M |
| Net Income | -3.59M | -23.85M | -3.46M | -1.01M | -28.03M | 2.45M |
Balance Sheet | ||||||
| Total Assets | 223.88M | 195.01M | 58.93M | 44.74M | 46.48M | 66.45M |
| Cash, Cash Equivalents and Short-Term Investments | 37.49M | 15.70M | 4.29M | 5.62M | 5.41M | 11.32M |
| Total Debt | 748.11K | 8.11M | 8.23M | 6.97M | 86.20K | 133.94K |
| Total Liabilities | 96.35M | 110.94M | 12.66M | 9.44M | 6.48M | 2.38M |
| Stockholders Equity | 127.53M | 84.07M | 46.27M | 35.29M | 40.00M | 64.07M |
Cash Flow | ||||||
| Free Cash Flow | -12.53M | -25.20M | -5.95M | -13.04M | -9.25M | -7.09M |
| Operating Cash Flow | -6.88M | -15.17M | -5.02M | -6.81M | -2.39M | 6.05M |
| Investing Cash Flow | -2.90M | -6.13M | 3.75M | -3.96M | -7.13M | -10.96M |
| Financing Cash Flow | 37.09M | 32.70M | -785.67K | 10.98M | 3.62M | 10.33M |
Horizon Minerals Ltd Technical Analysis
Negative
1.24
Price Trends
0.70
Negative
0.81
Negative
0.97
Negative
Market Momentum
-0.02
Negative
39.95
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MRT, the sentiment is Negative. The current price of 1.24 is above the 20-day moving average (MA) of 0.65, above the 50-day MA of 0.70, and above the 200-day MA of 0.97, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 39.95 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MRT.
Horizon Minerals Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$252.37M | 5.77 | 16.50% | 3.30% | 22.05% | 256.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$246.27M | -32.71 | -5.27% | ― | ― | 7.64% | |
49 Neutral | AU$331.55M | 36.44 | 10.73% | ― | 78.18% | ― | |
49 Neutral | AU$234.78M | -76.13 | -8.87% | ― | ― | 99.23% | |
42 Neutral | AU$254.27M | -20.03 | -44.73% | ― | ― | -234.60% | |
41 Neutral | AU$230.58M | -100.77 | -3.40% | ― | ― | ― |
* Basic Materials Sector Average
AU:MRT
Horizon Minerals Ltd
0.66
-0.06
-8.33%
AU:AQI
Alicanto Minerals
1.37
1.02
293.68%
AU:BCN
Beacon Minerals
2.75
1.70
161.90%
AU:TGM
Theta Gold Mines
0.19
0.00
0.00%
AU:TBR
Tribune Resources Limited
4.85
0.22
4.84%
AU:STN
Saturn Metals Ltd.
0.44
0.03
7.32%
Horizon Minerals Ltd Corporate Events
Maritana Minerals Issues Shares to Finalise Nano and Accelerate Deal Conditions
Jul 9, 2026
Maritana Minerals has issued a total of 45,186 fully paid ordinary shares as non-cash consideration for entering into Deeds of Termination linked to its previously announced Nano and Accelerate transactions. The share issues, completed under ASX L...
Maritana Minerals Seeks ASX Quotation for Additional Shares
Jul 9, 2026
Maritana Minerals Limited has applied to the ASX for quotation of new ordinary fully paid shares, lodging a fresh Appendix 2A on 9 July 2026. The application covers 18,519 MRT shares issued on 6 July 2026 and a further 26,667 shares issued on 7 Ju...
Maritana Minerals Plans Modest Share Placement to Fund Operations
Jul 7, 2026
Maritana Minerals Limited has notified the ASX of a proposed placement of up to 26,667 ordinary fully paid shares. The new securities, scheduled for issue on July 7, 2026, represent a modest capital raising that will provide additional funds to su...
Maritana Minerals Plans Modest Share Placement on ASX
Jul 6, 2026
Maritana Minerals Ltd has notified the ASX of a proposed issue of ordinary fully paid shares under a placement or similar capital-raising structure. The company plans to issue up to 18,519 MRT securities, with the proposed issue date set for 6 Jul...
Maritana Minerals Performance Rights Lapse After Unmet Conditions
Jul 1, 2026
Maritana Minerals has notified the market that 109,723 performance rights, trading under ASX code MRTAN, have lapsed after the vesting conditions were not met and became incapable of being satisfied by 24 June 2026. The cessation of these securiti...
Maritana launches major drilling push to upgrade resources for WA gold hub
Jun 24, 2026
Maritana Minerals has approved and commenced a fully funded, 60,000-metre resource conversion drilling program across its Boorara, Coote, Gordons Dam and Crake projects. The campaign aims to upgrade existing gold Mineral Resources from Inferred to...
Maritana lifts Black Swan capacity as project moves toward 2026 build
Jun 8, 2026
Maritana Minerals has completed front-end engineering design for its Black Swan Processing Hub near Kalgoorlie and increased planned nameplate throughput from 2.2 million tonnes per annum to 2.5 million tonnes per annum, boosting prospective produ...
Maritana Minerals appoints first COO to drive shift to standalone gold production
Jun 4, 2026
Maritana Minerals has strengthened its executive team as it advances towards standalone gold production in Western Australia, where it plans to use the Black Swan Processing Hub as a central processing facility for multiple regional ore sources. T...
Maritana Minerals plans new share issue to fund operations
May 25, 2026
Maritana Minerals Limited has notified the ASX of a proposed issue of up to 214,587 ordinary fully paid shares under a placement or similar capital-raising structure. The new securities, to be issued on 30 September 2026, form part of the company&...
Maritana Minerals Plans Modest Share Placement to Bolster Capital
May 10, 2026
Maritana Minerals Limited has lodged a notice for a proposed equity issue with the ASX, outlining plans to issue up to 509,259 new fully paid ordinary shares under a placement or similar mechanism. The new securities, scheduled for issue on 30 Sep...
Maritana expands Black Swan footprint with strategic WA tenement acquisition
May 10, 2026
Maritana Minerals has agreed to acquire 100% of a package of strategic tenements from Nano Metals in the Western Australian Goldfields, expanding its landholding by 83.5km² to 1,235.5km². The deal, costing $345,000 in cash plus 509,259 M...
Maritana Minerals Seeks ASX Quotation for Additional Ordinary Shares
May 7, 2026
Maritana Minerals has applied to the ASX for quotation of 955 new ordinary fully paid shares following the exercise or conversion of existing options or other convertible securities. The small-scale issuance modestly increases the company’s ...
Maritana Minerals Issues New Unquoted Performance Rights Under Incentive Scheme
May 7, 2026
Maritana Minerals Limited has notified the market of the issue of 355,406 unquoted performance rights under its employee incentive scheme. The new securities, which will not be quoted on the ASX, are intended to reward and retain staff, aligning e...
Maritana’s High-Grade Burbanks Hits De-Risk Gold Project and Support Black Swan Hub
May 3, 2026
Maritana Minerals has completed Phase 1 of its diamond drilling program at the Burbanks Gold Project, aimed at increasing geological confidence at the Burbanks North open pit and testing underground potential outside the current life-of-mine plan....
Maritana Secures Funding and Confirms Strong Economics for Black Swan Gold Hub
Apr 28, 2026
Maritana Minerals has confirmed a robust standalone gold development at its Black Swan Processing Hub near Kalgoorlie, outlining a 2.2Mtpa operation targeting about 102,000 ounces of gold per year over an initial five-year mine life. The project d...
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.