GOLDEN HORSE MINERALS LIMITED (GHM)
Share Price Analysis and Chart

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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

$0.47

25 Mar
2026

0.055

OPEN

$0.43

13.25%

HIGH

$0.49

485,826

LOW

$0.42

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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

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Canaccord Genuity

16/03/2026

1

Speculative Buy

$1.50

219.15%

Golden Horse Minerals has reported encouraging drilling results at the Hopes Hill Gold Project, highlights Canaccord Genuity. Depth extensions beneath the historic pit are confirmed and new shallow mineralisation to the north.

Diamond drilling returned 7.1m at 2.5g/t gold from 179m and 4.0m at 3.1g/t gold from 243m, confirming mineralisation more than -110m below the pit.

The broker also highlights RC drilling at Hopes Hill North intersected shallow zones including 16m at 1.6g/t gold from 32m and 8m at 1.9g/t gold from 40m.

Strong regional exploration potential is seen with drilling underway at Hakes Find and Marionete following historical production of around 750koz at 24g/t gold in the district.

Speculative Buy rating and target of $1.50 retained.
Access Extra Coverage Research History >

GHM STOCK CHART

FNArena News on GHM

1
Australian Broker Call *Extra* Edition – Mar 17, 2026

Mar 17 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Mar 16, 2026

Mar 16 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Mar 11, 2026

Mar 11 2026 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Feb 24, 2026

Feb 24 2026 - Daily Market Reports
5
Why Gold Beats Bitcoin & ASX Opportunities

Feb 04 2026 - Commodities

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