HORIZON MINERALS LIMITED (HRZ)
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HRZ

HRZ - HORIZON MINERALS LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.65
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.058

17 Sep
2025

-0.001

OPEN

$0.06

-1.69%

HIGH

$0.06

7,640,264

LOW

$0.06

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FNARENA'S MARKET CONSENSUS FORECASTS

- No Record -

HISTORICAL DATA ARE ALL IN AUD
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Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-1.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx36.9 M
Book Value Per Share xxxxxxxxxxxxxxx3.4
Net Operating Cash Flow xxxxxxxxxxxxxxx-15.8 M
Net Profit Margin xxxxxxxxxxxxxxx-64.71 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-36.59 %
Return on Invested Capital xxxxxxxxxxxxxxx-36.53 %
Return on Assets xxxxxxxxxxxxxxx-18.78 %
Return on Equity xxxxxxxxxxxxxxx-36.59 %
Return on Total Capital xxxxxxxxxxxxxxx-17.19 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-21.3 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx8 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx8 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx16 M
Price To Book Value xxxxxxxxxxxxxxx1.47

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx10.5 M
Capex % of Sales xxxxxxxxxxxxxxx28.48 %
Cost of Goods Sold xxxxxxxxxxxxxxx46 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2 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

1

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

Petra Capital

16/09/2025

1

Buy

$0.12

106.90%

Horizon Minerals aims to complete a pre-feasibility study (PFS) on the Black Swan mill by December quarter 2025, with a final investment decision targeted by year-end and construction starting in early 2026.

Citi notes the study covers mill conversion, supporting infrastructure, and mine feed, with first gold targeted for late 2026.

The broker believes Horizon is well positioned financially, forecasting around $55m in net cash inflows through June quarter 2026 from toll milling and ore sales, plus $31m cash at July 2025. This is expected to support a 1.5mtpa redevelopment.

Citi assumes development costs of -$100m, split between plant refurbishment and mine development, producing 80koz per year for 5.5 years at costs (AISC) of -$2,150/oz, with first output in March quarter 2027.

Growth drilling at Burbanks is expected to support mine life extension, with initial assays due in October.

Buy. Target unchanged at 12c.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.70 cents.
Petra Capital forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.80 cents.
Access Extra Coverage Research History >

HRZ STOCK CHART

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1
Australian Broker Call *Extra* Edition – Sep 16, 2025

Sep 16 2025 - Daily Market Reports
2
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