Horizon Gold Limited engages in the exploration, evaluation, development, and production of gold deposits in Australia.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.45|
|52 Week High||AU$0.26|
|52 Week Low||AU$0.57|
|1 Month Change||28.57%|
|3 Month Change||12.50%|
|1 Year Change||-7.22%|
|3 Year Change||125.00%|
|5 Year Change||n/a|
|Change since IPO||28.57%|
Recent News & Updates
|HRN||AU Metals and Mining||AU Market|
Return vs Industry: HRN underperformed the Australian Metals and Mining industry which returned 12.5% over the past year.
Return vs Market: HRN underperformed the Australian Market which returned 21.4% over the past year.
Stable Share Price: HRN is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 25% a week.
Volatility Over Time: HRN's weekly volatility has increased from 16% to 25% over the past year.
About the Company
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 620 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 Fundamentals Summary
|HRN fundamental statistics|
Is HRN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HRN income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.01|
|Net Profit Margin||-6,305.88%|
How did HRN perform over the long term?See historical performance and comparison
Is Horizon Gold undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate HRN's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate HRN's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: HRN is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.
PE vs Market: HRN is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HRN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HRN is good value based on its PB Ratio (1.9x) compared to the AU Metals and Mining industry average (2.6x).
How is Horizon Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Horizon Gold has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Horizon Gold performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HRN is currently unprofitable.
Growing Profit Margin: HRN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HRN is unprofitable, but has reduced losses over the past 5 years at a rate of 21.7% per year.
Accelerating Growth: Unable to compare HRN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HRN is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).
Return on Equity
High ROE: HRN has a negative Return on Equity (-4.31%), as it is currently unprofitable.
How is Horizon Gold's financial position?
Financial Position Analysis
Short Term Liabilities: HRN's short term assets (A$6.0M) exceed its short term liabilities (A$846.0K).
Long Term Liabilities: HRN's short term assets (A$6.0M) do not cover its long term liabilities (A$10.7M).
Debt to Equity History and Analysis
Debt Level: HRN is debt free.
Reducing Debt: HRN currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if HRN has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if HRN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Horizon Gold current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HRN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate HRN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if HRN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HRN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HRN's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Leigh Ryan (57 yo)
Mr. Leigh Ronald Ryan, B.Sc. (Geol.), Grad. Cert. Min.Econ., MAIG, serves as Director & Managing Director of Horizon Gold Limited since December 14, 2020. He is a qualified geologist with vast experience...
CEO Compensation Analysis
Compensation vs Market: Leigh's total compensation ($USD285.24K) is about average for companies of similar size in the Australian market ($USD303.33K).
Compensation vs Earnings: Insufficient data to compare Leigh's compensation with company performance.
Experienced Board: HRN's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HRN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.5%.
Horizon Gold Limited's employee growth, exchange listings and data sources
- Name: Horizon Gold Limited
- Ticker: HRN
- Exchange: ASX
- Founded: 2016
- Industry: Gold
- Sector: Materials
- Market Cap: AU$45.878m
- Shares outstanding: 106.69m
- Website: https://www.horizongold.com.au
Number of Employees
- Horizon Gold Limited
- 47 Havelock Street
- Suite 8
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 07:04|
|End of Day Share Price||2021/10/22 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.