Horizon Minerals Ltd (AU:MRT)
ASX:MRT
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Horizon Minerals Ltd
(Sydney:MRT)
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Rating:43Neutral
Price Target:
AU$0.75
▼(-39.27% Downside)
Action:ReiteratedDate:03/20/26
The score is primarily driven by weak financial performance (sharp revenue deterioration, persistent losses, and negative operating cash flow) and bearish technical trends (price below all key moving averages with negative MACD). A low P/E provides some valuation support, but it is outweighed by the underlying operating and momentum risks.
Positive Factors
Conservative leverage
A low debt-to-equity ratio (0.096) reduces refinancing and solvency risk, giving management breathing room to fund exploration or restructuring. This balance sheet conservatism supports resilience through commodity cycles and provides flexibility for strategic moves over the next 2–6 months.
Negative Factors
Severe revenue deterioration
A revenue collapse of this magnitude undermines scale economics and suggests major operational or commodity-price issues. Such deterioration impairs margin recovery, weakens cash generation potential, and raises risk that fixed costs and project funding cannot be sustained over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
A low debt-to-equity ratio (0.096) reduces refinancing and solvency risk, giving management breathing room to fund exploration or restructuring. This balance sheet conservatism supports resilience through commodity cycles and provides flexibility for strategic moves over the next 2–6 months.
Read all positive factors
Horizon Minerals Ltd (MRT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$290.04M
Dividend YieldN/A
Average Volume (3M)11.24M
Price to Earnings (P/E)3.9
Beta (1Y)1.87
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding371,850,650
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)-0.01
Revenue Forecast (FY)AU$70.59M
Horizon Minerals Ltd Business Overview & Revenue Model
Company Description
Maritana Minerals Limited engages in the exploration, development, and production of gold and other mineral resources in Australia. It primarily explores for gold, nickel, cobalt, silver, and zinc deposits. The company was formerly known as Horizo...
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
1.03
Negative
1.10
Negative
0.98
Negative
Market Momentum
-0.03
Negative
45.29
Neutral
53.76
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 0.90, above the 50-day MA of 1.03, and above the 200-day MA of 0.98, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 45.29 is Neutral, neither overbought nor oversold. The STOCH value of 53.76 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$141.62M | 3.56 | 14.07% | 4.01% | 6.77% | 71.42% | |
73 Outperform | AU$687.74M | 4.31 | 79.54% | ― | 161.65% | 2191.43% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$216.80M | -17.50 | -26.45% | ― | ― | -3250.00% | |
49 Neutral | AU$248.70M | -4.78 | -8.87% | ― | ― | 99.23% | |
48 Neutral | AU$325.36M | 5.17 | 10.73% | ― | 78.18% | ― | |
43 Neutral | AU$290.04M | 3.94 | -3.40% | ― | ― | ― |
* Basic Materials Sector Average
AU:MRT
Horizon Minerals Ltd
0.78
-0.04
-5.45%
AU:BCN
Beacon Minerals
2.90
1.84
173.58%
AU:FML
Focus Minerals Ltd
2.40
2.18
966.67%
AU:TGM
Theta Gold Mines
0.22
0.08
65.38%
AU:RND
Rand Mining Limited
2.49
0.61
32.52%
AU:VTM
Victory Goldfields Limited
1.65
1.00
153.85%
Horizon Minerals Ltd Corporate Events
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.