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

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GHM - GOLDEN HORSE MINERALS LIMITED

FNArena Sector : NONE
Year End: December
GICS Industry Group : NONE
Debt/EBITDA: -0
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.69

27 Feb
2026

0.000

OPEN

$0.70

0.000

HIGH

$0.70

318,830

LOW

$0.68

TARGET
$1.50 117.4% upside
FNARENA'S MARKET CONSENSUS FORECASTS
GHM: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 13.1 - 3.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
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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

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

19/02/2026

1

Buy, High Risk

$1.50

117.39%

Management at Golden Horse Minerals has announced high-grade visible gold from the first 2026 diamond hole at Hopes Hill.

The intercept of 4.0m at 4.6g/t gold, including 1.1m at 8.6gold per tonne (g/t), 200m beneath the historic pit, indicates potential along a 1.3km strike, highlights Shaw and Partners.

The broker notes drilling has expanded to five rigs as part of a 125km campaign, with deeper results including 17.0m at 1.30g/t extending mineralisation.

Shaw recently raised its gold price forecasts to US$6,000/oz in 2026 and US$6,500/oz in 2027.

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.
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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

Canaccord Genuity

24/02/2026

1

Speculative Buy

$1.50

117.39%

Canaccord Genuity highlights the results at Hopes Hill, WA, where Golden Horse Minerals has intersected visible gold in its first diamond drill hole for the year, beneath the historical pit.

The pit previously produced 216,000 ounces at 2.4g/t gold. The hole returned 4m at 4.60g/t from 297m, including 1.1m at 8.60/t within a broader 7m zone of 2.8g/t.

Canaccord Genuity retains a Speculative Buy rating and $1.50 target.
Access Extra Coverage Research History >

GHM STOCK CHART

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