How to buy Horizon Gold shares | A$0.45

Horizon Gold Limited is a gold business based in Australia. Horizon Gold shares (HRN) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.45 – a decrease of 1.1% over the previous week. Horizon Gold has a trailing 12-month revenue of around $30,000.

How to buy shares in Horizon Gold

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Horizon Gold . Find the share by name or ticker symbol: HRN. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Horizon Gold reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $0.45, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Horizon Gold . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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For our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.

How has coronavirus impacted Horizon Gold 's share price?

Since the stock market crash in March caused by coronavirus, Horizon Gold 's share price has had significant positive movement.

Its last market close was $0.45, which is 45.56% up on its pre-crash value of $0.245 and 181.25% up on the lowest point reached during the March crash when the shares fell as low as $0.16.

If you had bought $1,000 worth of Horizon Gold shares at the start of February 2020, those shares would have been worth $888.89 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $2,500.00.

Horizon Gold share price

Use our graph to track the performance of HRN stocks over time.

Horizon Gold shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	AUDA$0.45
52-week range	AUDA$0.16 - AUDA$0.6
50-day moving average	AUDA$0.4599
200-day moving average	AUDA$0.3812
Target price	AUDA$0.77
PE ratio	8.0751
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$0.06

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Horizon Gold stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Horizon Gold Limited by TradingView

Horizon Gold price performance over time

Historical closes compared with the close of A$0.45 on 2020-10-22

1 week (2020-10-23)	-7.22%
1 month (2020-10-01)	0%
3 months (2020-07-31)	-18.09%
6 months (2020-05-01)	104.55%

1 year (2019-10-29)	60.71%
2 years (2018-10-31)	125.00%
3 years (2017-10-31)	80.00%
5 years (2015-10-27)	N/A

Is Horizon Gold under- or over-valued?

Valuing Horizon Gold stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Horizon Gold 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Horizon Gold 's P/E ratio

Horizon Gold 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, Horizon Gold shares trade at around 8x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Horizon Gold 's EBITDA

Horizon Gold 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $6 million.

The EBITDA is a measure of a Horizon Gold 's overall financial performance and is widely used to measure a its profitability.

Horizon Gold financials

Revenue TTM	$30,000
Operating margin TTM	16930%
Gross profit TTM	$30,000
Return on assets TTM	12.81%
Return on equity TTM	33.97%
Profit margin	15266.67%
Book value	0.206
Market capitalisation	$36.9 million

TTM: trailing 12 months

Horizon Gold share dividends

We're not expecting Horizon Gold to pay a dividend over the next 12 months.

Horizon Gold share price volatility

Over the last 12 months, Horizon Gold 's shares have ranged in value from as little as $0.16 up to $0.6. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Horizon Gold 's is -0.8872. This would suggest that Horizon Gold 's shares have been inversely-correlated to the average (for this exchange) – so when the broader market trended up or down, Horizon Gold has bucked the trend.

Horizon Gold overview

Horizon Gold Limited engages in the exploration, evaluation, and development of gold deposits in Australia. Its flagship project is the Gum Creek gold project covering an area of approximately 620 square kilometers located within the Southern Cross Province of the Youanmi Terrane in Western Australia. The company was incorporated in 2016 and is based in Fremantle, Australia. Horizon Gold Limited is as a subsidiary of Zeta Resources Limited.

Frequently asked questions

• What percentage of Horizon Gold is owned by insiders or institutions?

  Currently 78.195% of Horizon Gold shares are held by insiders and 5.715% by institutions.

• When does the fiscal year end for Horizon Gold ?

  Horizon Gold 's fiscal year ends in June.

• Where is Horizon Gold based?

  Horizon Gold 's address is: 78 Marine Terrace, Fremantle, WA, Australia, 6160

• What is Horizon Gold 's ISIN number?

  Horizon Gold 's international securities identification number is: AU000000HRN5