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

HRZ is good value based on its Price-To-Book Ratio (1x) compared to the peer average (2.2x).

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

HRZ is good value based on its Price-To-Book Ratio (1x) compared to the Australian Metals and Mining industry average (1.1x).

What is HRZ'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 HRZ's Price-To-Book Fair Ratio for valuation analysis.

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

Insufficient data to calculate HRZ'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 Minerals (ASX:HRZ) - Stock Price, News & Analysis

HRZ Stock Overview

Engages in the exploration and development of mineral properties in Australia. More details

HRZ fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (A$0)

Shareholders have been substantially diluted in the past year

Earnings have declined by 31.6% per year over past 5 years

Does not have a meaningful market cap (A$50M)

Horizon Minerals Limited Competitors

Australian Gold and Copper

ASX:AGC

AU$52.6m

Cygnus Metals

ASX:CY5

AU$57.1m

Strickland Metals

ASX:STK

AU$170.0m

Aurum Resources

ASX:AUE

AU$62.5m

Price History & Performance

Summary of all time highs, changes and price drops for Horizon Minerals
Historical stock prices
Current Share Price	AU$0.043
52 Week High	AU$0.063
52 Week Low	AU$0.03
Beta	1.21
11 Month Change	-18.87%
3 Month Change	-2.27%
1 Year Change	19.44%
33 Year Change	-69.29%
5 Year Change	-55.67%
Change since IPO	-77.07%

Is Horizon Minerals (ASX:HRZ) A Risky Investment?

Oct 07

Recent updates

Shareholder Returns

	HRZ	AU Metals and Mining	AU Market
7D	4.9%	0.1%	1.2%
1Y	19.4%	-9.9%	19.7%

Return vs Industry: HRZ exceeded the Australian Metals and Mining industry which returned -9.9% over the past year.

Return vs Market: HRZ matched the Australian Market which returned 19.7% over the past year.

Price Volatility

Is HRZ's price volatile compared to industry and market?
HRZ volatility
HRZ Average Weekly Movement	11.1%
Metals and Mining Industry Average Movement	11.0%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.5%
10% least volatile stocks in AU Market	3.2%

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

Volatility Over Time: HRZ's weekly volatility (11%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1974	n/a	Grant Haywood	horizonminerals.com.au

Horizon Minerals Limited engages in the exploration and development of mineral properties in Australia. It primarily explores for gold, nickel, cobalt, silver, and zinc deposits. The company was formerly known as Intermin Resources Limited and changed its name to Horizon Minerals Limited in July 2019.

Horizon Minerals Limited Fundamentals Summary

How do Horizon Minerals's earnings and revenue compare to its market cap?
HRZ fundamental statistics
Market cap	AU$50.34m
Earnings (TTM)	-AU$3.46m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-13.9x

P/E Ratio

Is HRZ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HRZ income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$3.46m
Earnings	-AU$3.46m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.0031
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	17.7%

How did HRZ perform over the long term?

See historical performance and comparison

HRZ Stock Overview

Risk Analysis

Horizon Minerals Limited Competitors

ASX:AGC

AU$52.6m

ASX:CY5

AU$57.1m

ASX:STK

AU$170.0m

ASX:AUE

AU$62.5m

Price History & Performance

Recent News & Updates

Horizon Minerals Limited, Annual General Meeting, Nov 29, 2024

Horizon Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 14 million.

Is Horizon Minerals (ASX:HRZ) A Risky Investment?

New major risk - Shareholder dilution

New minor risk - Financial data availability

Horizon Minerals Limited (ASX:HRZ) completed the acquisition of Greenstone Resources Limited (ASX:GSR).

Recent updates

Horizon Minerals Limited, Annual General Meeting, Nov 29, 2024

Horizon Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 14 million.

Is Horizon Minerals (ASX:HRZ) A Risky Investment?

New major risk - Shareholder dilution

New minor risk - Financial data availability

Horizon Minerals Limited (ASX:HRZ) completed the acquisition of Greenstone Resources Limited (ASX:GSR).

Would Horizon Minerals (ASX:HRZ) Be Better Off With Less Debt?

First half 2024 earnings released: EPS: AU$0.002 (vs AU$0.003 in 1H 2023)

Horizon agreed to acquire Greenstone Resources Limited (ASX:GSR)

Is Horizon Minerals (ASX:HRZ) Using Too Much Debt?

Northern Star Resources Limited (ASX:NST) entered into a binding Asset Sale Agreement to acquire 62 tenements in east Kalgoorlie from Horizon Minerals Limited (ASX:HRZ) for AUD 3.1 million.

Horizon Minerals Limited entered into a binding share sale agreement to acquire Two Bridgetown-Greenbushes Lithium Tenements from Charter Minerals Pty Ltd for AUD 0.227 million.

Horizon Minerals Limited, Annual General Meeting, Nov 20, 2023

Full year 2023 earnings released: AU$0.002 loss per share (vs AU$0.049 loss in FY 2022)

New minor risk - Financial data availability

FMR Investments Pty Ltd completed the acquisition of Gunga West gold project in Western Australian goldfields from Horizon Minerals Limited (ASX:HRZ).

Is Horizon Minerals (ASX:HRZ) A Risky Investment?

We Think Horizon Minerals (ASX:HRZ) Has A Fair Chunk Of Debt

First half 2023 earnings released: EPS: AU$0.003 (vs AU$0.007 in 1H 2022)

Horizon Minerals Limited Announces Assay Results from Drilling Conducted by Metalhawk Limited from the 100% Owned Cannon and Golden Ridge Project Areas

An Unknown buyer acquired 13.16% stake in Kingwest Resources Limited (ASX:KWR) AUD 1.3 million.

Less than half of directors are independent

Horizon Minerals Limited announced that it expects to receive $5 million in funding from Nebari Partners Llc

Horizon Minerals Limited, Annual General Meeting, Nov 25, 2022

Horizon Minerals Limited Auditor Raises 'Going Concern' Doubt

Horizon Minerals Limited Announces Maiden Mineral Resource Estimates for the Coote and Capricorn Projects

Full year 2022 earnings released: AU$0.049 loss per share (vs AU$0.004 profit in FY 2021)

Horizon Minerals Limited Reports Drilling Results from the 100% Owned Greater Boorara - Cannon Project

Horizon Minerals Limited Announces New Gold Drilling Results from the 100% Owned Binduli and Black Flag Project

Horizon Minerals Limited Provides High Grade Drill Results from New Monument Gold Project

Greenstone Resources Limited (ASX:GSR) agreed to acquire Phoenix and Kangaroo Hill gold projects from Horizon Minerals Limited (ASX:HRZ).

FMR Investments Pty Ltd agreed to acquire Gunga West gold project in Western Australian goldfields from Horizon Minerals Limited for AUD 0.4 million.

Horizon Minerals Limited Announces New Nickel Drilling Results from the 100% Owned Golden Ridge and Cannon Project Areas

Less than half of directors are independent

Horizon Minerals Limited Announces Encouraging Platinum and Palladium Results from Lakewood

An unknown buyer acquired unknown stake in Red Dirt Metals Limited, Cyprium Metals Limited and Metal Hawk Limited from Horizon Minerals Limited (ASX:HRZ) for AUD 2 million.

Horizon Minerals Limited Announces Positive Cannon Mine Results and Feasibility Study Update

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

Horizon Minerals Limited Announces Initial Results Show Multi-Commodity Potential At Yarmany

Horizon Minerals Limited Completes Two Toll Milling Campaigns Treating Low Grade Ore Stockpiles from the Boorara Open Pit at the Lakewood Toll Milling Facility in Kalgoorlie Boulder

Horizon Minerals Limited Announces Further High Grade Drilling Results from the Crake and Coote Projects

Kalpini Provides Gold Project Mineral Resource Update

Horizon Minerals Limited Announces Peyes Farm Mineral Resource Update

Why Horizon Minerals' (ASX:HRZ) Earnings Are Better Than They Seem

Horizon Minerals Limited Announce an Updated Mineral Resource Estimate for the Penny's Find JV Project

Does Horizon Minerals (ASX:HRZ) Have A Healthy Balance Sheet?

Horizon Minerals Limited Announces New Drilling Results from Its 100% Owned Binduli Gold Project

Horizon Minerals Limited Announces High Grade Results Continue from Windanya Gold Project

Horizon Minerals Limited Provides Update on Independent Mineral Resource Estimate for the Boorara Gold Project

Horizon Minerals Limited Announces New High-Grade Drilling Results from the 100% Owned Windanya Gold Project Area Located Along the Bardoc Tectonic Zone, 45Km North of Kalgoorlie - Boulder in the Heart of the Western Australian Goldfields

First half 2021 earnings released: EPS AU$0.004 (vs AU$0.006 in 1H 2020)

Does Horizon Minerals (ASX:HRZ) Have A Healthy Balance Sheet?

Horizon Minerals Limited Announces High Grade Drilling Results Received from the Peyes Farm Gold Project

Horizon Minerals Limited Announces Completion of the Fourth and Final Milling Campaign from Trial Mining At the Boorara Gold Mine, 10Km East of Kalgoorlie-Boulder in the Goldfields of Western Australia

Horizon Minerals Limited Announces Drilling Results from Jacques Find Gold Project

Horizon to Retain and Advance Nimbus Silver-Zinc Project

Horizon Minerals Limited (ASX:HRZ) acquired Phoenix Gold Mine, 5 kilometers north of Coolgardie from private consortium for AUD 0.08 million.

Horizon Launches 50,000M Exploration Program for 2021

Horizon Minerals Limited Announces Completion of the Third Milling Campaign from Trial Mining At the Boorara Gold Mine

Horizon Minerals Limited Announces the Appointment of Julian Tambyrajah in the Newly Created Role of Chief Financial Officer