Horizon Gold Ltd AI Stock Analysis
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Horizon Gold Ltd (HRN) AI Stock Analysis
Horizon Gold Ltd
(ASX:HRN)
The overall score is held down primarily by very weak earnings and cash generation despite a solid, mostly debt-free capital base, while moderately constructive price trends and relatively low volatility add some support but are offset by a deeply negative P/E and lack of dividends, resulting in a below-average score that reflects high dependence on future project execution rather than current financial performance.
Horizon Gold Ltd (HRN) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 216.36M
- Dividend Yield
- ―
- Average Volume (3M)
- 34.59K
- Price to Earnings (P/E)
- -100.9
- Beta (1Y)
- 0.72
- Revenue Growth
- ―
- EPS Growth
- -75.76%
- Country
- Australia
- Employees
- 2
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Gold
Horizon Gold Ltd Business Overview & Revenue Model
Company Description
Horizon Gold Limited is an Australian company focused on the full lifecycle of gold resources, from identifying and appraising potential sites to developing and operating mines. Its key asset is the Gum Creek gold project, which encompasses approxima...
How the Company Makes Money
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Horizon Gold Ltd Financial Statement Overview
Summary
Financial performance is very weak: Horizon Gold generates minimal to no revenue, with recurring operating and net losses and consistently negative operating and free cash flow, while a strong, mostly debt-free balance sheet only partially mitigates risk and has not yet translated into shareholder returns.
Income Statement
18Very NegativeBalance Sheet
70PositiveCash Flow
22Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 65.00K | 135.00K | 136.00K |
| Gross Profit | -520.00K | -520.00K | -506.00K | -508.00K | -298.00K | -66.00K |
| EBITDA | -2.43M | -2.43M | -1.60M | -1.10M | -1.71M | -282.00K |
| Net Income | -2.02M | -2.02M | -972.00K | -1.71M | -2.14M | -487.00K |
Balance Sheet | ||||||
| Total Assets | 88.61M | 88.61M | 48.30M | 44.10M | 40.75M | 41.97M |
| Cash, Cash Equivalents and Short-Term Investments | 24.05M | 24.05M | 503.00K | 219.00K | 238.00K | 211.00K |
| Total Debt | 0 | 0 | 500.00K | 0 | 41.00K | 40.00K |
| Total Liabilities | 16.46M | 16.46M | 14.77M | 12.15M | 11.94M | 11.50M |
| Stockholders Equity | 72.14M | 72.14M | 33.53M | 31.96M | 28.80M | 30.47M |
Cash Flow | ||||||
| Free Cash Flow | -2.28M | -2.28M | -5.37M | -2.59M | -5.91M | -6.20M |
| Operating Cash Flow | -1.43M | -1.43M | -791.00K | -755.00K | -646.00K | -637.00K |
| Investing Cash Flow | -14.20M | -14.20M | 575.00K | -5.00M | 237.00K | -6.37M |
| Financing Cash Flow | 39.18M | 39.18M | 500.00K | 5.74M | 436.00K | 5.95M |
Horizon Gold Ltd Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HRN, the sentiment is Negative. The current price of 1.10 is below the 20-day moving average (MA) of 1.12, below the 50-day MA of 1.10, and below the 200-day MA of 1.12, indicating a bearish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 48.36 is Neutral, neither overbought nor oversold. The STOCH value of 20.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HRN.
Horizon Gold Ltd Peers Comparison
Overall Rating
AU:BGD50Neutral- AU:HRN47Neutral
AU:VTM46Neutral
AU:TSO43Neutral
AU:WWI40Underperform
AU:TTM38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:BGD | 50Neutral | AUD 225.73M | -8.72 | -80.60% | ― | -100.00% | -1011.90% |
| AU:HRN | 47Neutral | AUD 210.46M | -100.92 | -3.46% | ― | ― | -75.76% |
| AU:VTM | 46Neutral | AUD 164.58M | -31.31 | -20.08% | ― | ― | -21.85% |
| AU:TSO | 43Neutral | AUD 162.89M | -18.15 | -5.94% | ― | ― | -29.82% |
| AU:WWI | 40Underperform | AUD 154.52M | -3.39 | -13.58% | ― | ― | -99.21% |
| AU:TTM | 38Underperform | AUD 158.41M | -21.15 | -7.32% | ― | ― | 49.90% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:HRN | Horizon Gold Ltd | 1.10 | 0.37 | 51.52% | |
| AU:TTM | Titan Minerals Ltd | 0.55 | -0.04 | -7.56% | |
| AU:TSO | Tesoro Gold Ltd | 0.73 | -0.24 | -24.54% | |
| AU:BGD | Barton Gold Holdings Limited | 0.81 | -0.32 | -28.51% | |
| AU:VTM | Victory Goldfields Limited | 1.24 | 0.17 | 15.89% | |
| AU:WWI | West Wits Mining Limited | 0.36 | -0.14 | -28.00% |
Horizon Gold Ltd Corporate Events
Horizon Gold Sets 2026 AGM Date and Deadline for Director Nominations
Horizon Gold Limited has scheduled its 2026 Annual General Meeting for 19 November in West Perth, Western Australia, and has set 8 October as the closing date for receipt of written director nominations accompanied by consent to act. The company will...
Horizon Gold Files Updated Corporate Governance Disclosures with ASX
Horizon Gold Limited has lodged its Appendix 4G with the ASX for the financial year ended 30 June 2026, confirming that its corporate governance statement is current as of 22 September 2026 and accessible on the company’s website. The filing undersco...
Horizon Gold Sets Out Corporate Governance Framework and ASX Compliance
Horizon Gold Limited has outlined its corporate governance framework, confirming substantial compliance with the ASX Corporate Governance Council’s latest principles and recommendations. The board emphasises high standards of ethical behaviour, clear...
Horizon Gold Issues 400,000 New Shares Under Disclosure Relief
Horizon Gold Limited has issued 400,000 fully paid ordinary shares, adding to its existing class of securities quoted on the Australian Securities Exchange. The company advised that the shares were issued without a prospectus under the disclosure rel...
S&P Dow Jones Indices Unveils September Rebalance of Key S&P/ASX Benchmarks
S&P Dow Jones Indices has announced its September 2026 quarterly rebalance of the S&P/ASX indices, with several additions and removals across the S&P/ASX 50, 100, 200 and 300 benchmarks, while the S&P/ASX 20 remains unchanged. The reshuffle, which in...
Horizon Gold drilling points to Gum Creek resource expansion
Horizon Gold has reported numerous significant gold intercepts from reverse circulation drilling at the Howards, Heron South and Melbourne Bitter prospects within its Gum Creek Gold Project in Western Australia, confirming an 800‑metre southern exten...
Horizon Gold Uncovers High-Grade Drilling Results at Gum Creek
Horizon Gold has reported a series of broad, high-grade reverse circulation drilling intercepts from the Kingfisher, Hawk and Swan prospects at its Gum Creek Gold Project in Western Australia. The results point to substantial gold mineralisation clos...
Horizon Gold’s Gum Creek DFS Maps 10-Year Production Plan Backed by A$30m Raise
Horizon Gold Ltd has completed a Definitive Feasibility Study for open pit mining at its Gum Creek Gold Project, outlining average annual production of 98,000 ounces over the first five years and total recovered gold of 880,000 ounces across a 10-yea...
Horizon Gold to Brief Investors on Gum Creek Feasibility Study via Webinar
Horizon Gold has scheduled an investor briefing webinar on MarketOpen Direct Connect for 29 July 2026, where Managing Director and CEO Scott Williamson will present an update on the recently released Definitive Feasibility Study for the Gum Creek Gol...
Horizon Gold Confirms Feasibility Basis for Gum Creek Project
Horizon Gold has released a definitive feasibility study presentation for its Gum Creek Gold Project, outlining production targets and financial forecasts that underpin its strategy to develop a major new open-pit gold mine in Western Australia. The...
Horizon Gold DFS Sets Stage for Major Gum Creek Mine Development
Horizon Gold has completed a Definitive Feasibility Study for the Gum Creek open pit development, confirming a technically de-risked, large-scale gold project with an initial 10-year mine life. The study outlines an average annual production of 88,00...
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.
Date of analysis: Oct 01, 2026