How does HRN's PB Ratio compare to its peers?

HRN is expensive based on its Price-To-Book Ratio (2.2x) compared to the peer average (1.4x).

How does HRN's PB Ratio compare vs other companies in the AU Metals and Mining Industry?

HRN is expensive based on its Price-To-Book Ratio (2.2x) compared to the Australian Metals and Mining industry average (1.1x).

What is HRN's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate HRN's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of HRN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate HRN's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Horizon Gold (ASX:HRN) - Stock Price, News & Analysis

HRN Stock Overview

Engages in the exploration, evaluation, development, and production of gold deposits in Australia. More details

HRN fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Risk Analysis

Earnings have declined by 26.1% per year over past 5 years

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (A$65K)

Does not have a meaningful market cap (A$70M)

Horizon Gold Limited Competitors

Saturn Metals

ASX:STN

AU$69.5m

Wiluna Mining

ASX:WMC

AU$74.2m

Rox Resources

ASX:RXL

AU$69.8m

Titan Minerals

ASX:TTM

AU$76.7m

Price History & Performance

Summary of all time highs, changes and price drops for Horizon Gold
Historical stock prices
Current Share Price	AU$0.48
52 Week High	AU$0.50
52 Week Low	AU$0.22
Beta	0.41
11 Month Change	23.08%
3 Month Change	60.00%
1 Year Change	65.52%
33 Year Change	20.00%
5 Year Change	118.18%
Change since IPO	37.14%

Recent updates

We Wouldn't Rely On Horizon Gold's (ASX:HRN) Statutory Earnings As A Guide

Dec 24

Shareholder Returns

	HRN	AU Metals and Mining	AU Market
7D	2.1%	1.6%	0.9%
1Y	65.5%	-10.8%	18.4%

Return vs Industry: HRN exceeded the Australian Metals and Mining industry which returned -10.8% over the past year.

Return vs Market: HRN exceeded the Australian Market which returned 18.4% over the past year.

Price Volatility

Is HRN's price volatile compared to industry and market?
HRN volatility
HRN Average Weekly Movement	10.1%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	8.5%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.2%

Stable Share Price: HRN has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: HRN's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2016	1	Leigh Ryan	www.horizongold.com.au

Horizon Gold Limited engages in the exploration, evaluation, development, and production of gold deposits in Australia. Its flagship project is the 100% owned Gum Creek gold project covering an area of approximately 663 square kilometers located within the Southern Cross Province of the Youanmi Terrane in Western Australia. The company was incorporated in 2016 and is based in West Perth, Australia.

Horizon Gold Limited Fundamentals Summary

How do Horizon Gold's earnings and revenue compare to its market cap?
HRN fundamental statistics
Market cap	AU$69.52m
Earnings (TTM)	-AU$1.70m
Revenue (TTM)	AU$65.00k

1,070x

P/S Ratio

-40.8x

P/E Ratio

Is HRN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HRN income statement (TTM)
Revenue	AU$65.00k
Cost of Revenue	AU$0
Gross Profit	AU$65.00k
Other Expenses	AU$1.77m
Earnings	-AU$1.70m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.012
Gross Margin	100.00%
Net Profit Margin	-2,623.08%
Debt/Equity Ratio	0%

How did HRN perform over the long term?

See historical performance and comparison

HRN Stock Overview

Risk Analysis

Horizon Gold Limited Competitors

ASX:STN

AU$69.5m

ASX:WMC

AU$74.2m

ASX:RXL

AU$69.8m

ASX:TTM

AU$76.7m

Price History & Performance

Recent News & Updates

Non-Executive Chairman recently bought AU$790k worth of stock

Horizon Gold Limited, Annual General Meeting, Nov 21, 2024

Full year 2024 earnings released: AU$0.012 loss per share (vs AU$0.017 loss in FY 2023)

Horizon Gold Limited ORDINARY FULLY PAID to Be Deleted from OTC Equity

Horizon Gold Limited Announces Resignation of Dugald Morrison as Non-Executive Director

New major risk - Financial position

Recent updates

Non-Executive Chairman recently bought AU$790k worth of stock

Horizon Gold Limited, Annual General Meeting, Nov 21, 2024

Full year 2024 earnings released: AU$0.012 loss per share (vs AU$0.017 loss in FY 2023)

Horizon Gold Limited ORDINARY FULLY PAID to Be Deleted from OTC Equity

Horizon Gold Limited Announces Resignation of Dugald Morrison as Non-Executive Director

New major risk - Financial position

Less than half of directors are independent

New minor risk - Shareholder dilution

Horizon Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 5.897485 million.

Horizon Gold Limited, Annual General Meeting, Nov 23, 2023

Less than half of directors are independent

Full year 2023 earnings released: AU$0.017 loss per share (vs AU$0.005 loss in FY 2022)

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Horizon Gold Limited Announces Further Impressive Broad, Shallow and High-Grade Intercepts

Horizon Gold Limited Announces Diamond Drilling Returns 15M @ 28.5G/T Au from Kingfisher

Horizon Gold Limited Announces Shallow and High Grade Gold Intercepts from its 100% Owned Gum Creek Gold Project in the Mid-West Region of Western Australia

Less than half of directors are independent

Horizon Gold Limited Announces Substantial New Wide Gold Intercepts and High Grade Gold Results from Rc Drilling At Its 100% Owned Gum Creek Gold Project Located in the Mid-West Region of Western Australia

Horizon Gold Limited Announces Shallow High Grade Gold Intercepts Within Broad Mineralised Zones from Recently Completed RC Drilling At Its 100% Owned Gum Creek Gold Project

Horizon Gold Limited, Annual General Meeting, Nov 18, 2022

Horizon Gold Limited Announces Additional Shallow High Grade Gold Results from Recently Completes RC Drilling At Creek Gold Project

Horizon Gold Limited Auditor Raises 'Going Concern' Doubt

Full year 2022 earnings released: AU$0.005 loss per share (vs AU$0.012 loss in FY 2021)

Horizon Gold Limited Announces 32% Increase in Resources At Gum Creek Gold Project

Horizon Gold Limited Commences Initial 2,000m of RC and Diamond Drilling at the Altair and Mensa Prospects Within Its 100% Owned Gum Creek Gold Project

Horizon Gold Limited Plans RC and Diamond Drilling for the Altair and Mensa Prospect Areas Within its 100% Owned Gum Creek Gold Project, in the Mid-West Region of Western Australia

Less than half of directors are independent

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Horizon Gold Limited Announces Additional Significant Gold Results from the Recently Completed RC Drilling at its 100% Owned Gum Creek Gold Project Located in the Mid-West Region of Western Australia

Horizon Gold Limited Announces Shallow High Grade Gold Intercepts At Orion and Wahoo

Full year 2021 earnings released: AU$0.012 loss per share (vs AU$0.06 profit in FY 2020)

Horizon Gold Limited Announces Additional Significant Results from Ongoing RC Drilling at Its 100% Owned Gum Creek Gold Project Located in the Mid-West Region of Western Australia

Horizon Gold Limited Announces Rc Drilling Results from Swift, Swan and Eagle Targets

First half 2021 earnings released: AU$0.004 loss per share (vs AU$0.015 loss in 1H 2020)

New 90-day low: AU$0.41

Horizon Gold Limited Confirms Significant Exploration Potential with Compelling Drill Targets

Horizon Gold Limited Provides Update Its Mineral Resource Estimate

New 90-day high: AU$0.55

New 90-day high: AU$0.52

We Wouldn't Rely On Horizon Gold's (ASX:HRN) Statutory Earnings As A Guide

Leigh Ryan Commences Employment as Managing Director of Horizon Gold Limited

Horizon Gold Limited Approves Appointment of Dugald Morrison as Director

New 90-day low: AU$0.36

Horizon Gold Limited Announces Executive Changes

Horizon Gold Limited Commences Drilling at Gum Creek Gold Project

New 90-day low: AU$0.37

Horizon Gold Limited Auditor Raises 'Going Concern' Doubt

Horizon Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 3.279884 million.

Zeta Resources Limited (ASX:ZER), Paul Bennett, Peter Venn and others completed the acquisition of 24.6% stake in Horizon Gold Limited (ASX:HRN) from Panoramic Resources Limited (ASX:PAN).

Shareholder Returns

Price Volatility

About the Company

Horizon Gold Limited Fundamentals Summary

1,070x

-40.8x

Earnings & Revenue