GOLDEN HORSE MINERALS LIMITED (GHM)
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GHM - GOLDEN HORSE MINERALS LIMITED

FNArena Sector : Gold & Silver
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: -0
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.60

13 Mar
2026

0.005

OPEN

$0.60

0.84%

HIGH

$0.60

677,767

LOW

$0.55

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FNARENA'S MARKET CONSENSUS FORECASTS

- No Record -

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-13.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx21.5
Net Operating Cash Flow xxxxxxxxxxxxxxx-2.2 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-32.39 %
Return on Invested Capital xxxxxxxxxxxxxxx-32.39 %
Return on Assets xxxxxxxxxxxxxxx-27.73 %
Return on Equity xxxxxxxxxxxxxxx-32.39 %
Return on Total Capital xxxxxxxxxxxxxxx-31.47 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-2.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx0 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx15 M
Price To Book Value xxxxxxxxxxxxxxx1.11

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx3.4 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx7 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

0
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Shaw and Partners

11/03/2026

1

Buy

$1.50

150.00%

Golden Horse Minerals has confirmed high-grade gold mineralisation at depth and extended the Hopes Hill strike by 700m, Shaw and Partners notes, supporting resource growth potential.

The broker highlights drilling including 7.1m at 2.5g/t gold and 4.0m at 3.1g/t gold below the historic pit, indicating the system remains open down plunge.

A 125,000m drilling campaign and a 1,800sqkm landholding support regional exploration, including new work at the Marionete prospect, observe the analysts. 

It's thought strong gold prices and exploration momentum support a maiden resource estimate and broader development potential.

Buy, High-Risk rating and $1.50 target are maintained.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -3.50 cents.
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -2.10 cents.
Access Extra Coverage Research History >

GHM STOCK CHART

FNArena News on GHM

1
Australian Broker Call *Extra* Edition – Mar 16, 2026

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2
Australian Broker Call *Extra* Edition – Mar 11, 2026

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