How to buy Horizon Gold (HRN) shares
Learn how to easily invest in Horizon Gold shares.
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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 in Australian Dollars. Horizon Gold has a trailing 12-month revenue of around $17,000. If you're looking to buy shares, check out the steps below.
How to buy shares in Horizon Gold
- 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.
- 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.
- 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.
- 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.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- 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.
What's in this guide?
Horizon Gold stock price (ASX:HRN)Use our graph to track the performance of HRN stocks over time.
Horizon Gold shares at a glance
|52-week range||$0.26 - $0.56|
|50-day moving average||$0.3582|
|200-day moving average||$0.4062|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$0.066|
Compare share trading platforms
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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.
Horizon Gold price performance over time
|1 week (2021-09-09)||-12.50%|
|1 month (2021-08-18)||-20.45%|
|3 months (2021-06-18)||-18.60%|
|6 months (2021-03-19)||-28.57%|
|1 year (2020-09-18)||-25.53%|
|2 years (2019-09-17)||9.37%|
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 5x. In other words, Horizon Gold shares trade at around 5x 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 $5.8 million (£0.0 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
|Operating margin TTM||31558.83%|
|Gross profit TTM||$30,000|
|Return on assets TTM||13.17%|
|Return on equity TTM||37.09%|
|Market capitalisation||$37.3 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 $0.26 up to $0.56. 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 -0.8025. 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 West Perth, Australia. Horizon Gold Limited is as a subsidiary of Zeta Resources Limited.
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