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

HRN Stock Overview

Horizon Gold Limited engages in the exploration, evaluation, development, and production of gold deposits in Australia.

HRN fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Risk Analysis

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (A$62K)

Shareholders have been diluted in the past year

Does not have a meaningful market cap (A$43M)

+ 1 more risk

Horizon Gold Limited Competitors

Mindax

ASX:MDX

AU$61.4m

Tesoro Gold

ASX:TSO

AU$52.9m

Ora Gold

ASX:OAU

AU$29.0m

Barton Gold Holdings

ASX:BGD

AU$66.6m

Price History & Performance

Summary of all time highs, changes and price drops for Horizon Gold
Historical stock prices
Current Share Price	AU$0.32
52 Week High	AU$0.38
52 Week Low	AU$0.22
Beta	0.21
1 Month Change	6.67%
3 Month Change	16.36%
1 Year Change	-14.67%
3 Year Change	-23.81%
5 Year Change	128.57%
Change since IPO	-8.57%

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	23.1%	2.8%	3.1%
1Y	-14.7%	-1.8%	8.1%

Return vs Industry: HRN underperformed the Australian Metals and Mining industry which returned -1.8% over the past year.

Return vs Market: HRN underperformed the Australian Market which returned 8.1% over the past year.

Price Volatility

Is HRN's price volatile compared to industry and market?
HRN volatility
HRN Average Weekly Movement	14.3%
Metals and Mining Industry Average Movement	12.5%
Market Average Movement	9.0%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.5%

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

Volatility Over Time: Insufficient data to determine HRN's volatility change 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 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$43.45m
Earnings (TTM)	-AU$2.58m
Revenue (TTM)	AU$62.00k

747.6x

P/S Ratio

-18.0x

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$62.00k
Cost of Revenue	AU$0
Gross Profit	AU$62.00k
Other Expenses	AU$2.64m
Earnings	-AU$2.58m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.018
Gross Margin	100.00%
Net Profit Margin	-4,161.29%
Debt/Equity Ratio	0%

How did HRN perform over the long term?

See historical performance and comparison

HRN Stock Overview

Rewards

Risk Analysis

Horizon Gold Limited Competitors

ASX:MDX

AU$61.4m

ASX:TSO

AU$52.9m

ASX:OAU

AU$29.0m

ASX:BGD

AU$66.6m

Price History & Performance

Recent News & Updates

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

Recent updates

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

747.6x

-18.0x

Earnings & Revenue