Maritana Minerals Limited (HRZMF) Fair Value & Analysis
Basic Materials · US · Market cap $279M
Maritana Minerals Limited
HRZMF · US
Fair value as of: Jul 16, 2026
From 1 valuation models · updated 25 days ago
Share price −41.3% over the past month.
Below-average quality, and screening another 79% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case ($0.1360). The favourable scenario is already priced in.
- Weak quality (14/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range ($0.0680 to $0.1360) leaves room in how you read the outcome.
Price vs Fair Value (18 months)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
18‑month range $0.0001 – $1.12 · fair‑value band $0.0680 – $0.1360 · the $0.4400 price screens above the $0.0935 fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Maritana Minerals Limited (HRZMF) currently trades at $0.4400, while our model-based Fair Value estimate is $0.0935, implying the stock looks roughly 78.8% overvalued today. The Quality Score stands at 14/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Over the trailing twelve months, Maritana Minerals Limited generated revenue of $97.6M at a net margin of -3.7%. It earns a return on equity of -3.9%. Fundamentals as of Jul 16, 2026
Our scenario range runs from $0.0680 (bear case) to $0.1360 (bull case); at $0.4400, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 61% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 16% fair-value upside, at -79%, HRZMF screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 17 · Market factors (momentum, volatility) 30
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Maritana Minerals Limited engages in the exploration, development, and production of gold and other mineral resources in Australia. It primarily explores for gold, nickel, cobalt, silver, and zinc deposits. The company was formerly known as Horizon Minerals Limited and changed its name to Maritana Minerals Limited in April 2026.
Full company description
Maritana Minerals Limited engages in the exploration, development, and production of gold and other mineral resources in Australia. It primarily explores for gold, nickel, cobalt, silver, and zinc deposits. The company was formerly known as Horizon Minerals Limited and changed its name to Maritana Minerals Limited in April 2026. Maritana Minerals Limited was incorporated in 1974 and is based in West Perth, Australia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Maritana Minerals Limited reported revenue of $36.9M in FY2025 versus $16.8M in FY2021, a compound +21.8%/yr. Reported net income was −$23.8M in FY2025.
HRZMF screens 79% overvalued. Compare with Newmont Corporation →
Peer Group
Gold · 259 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Gold median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Gold stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Newmont Corporation NEMCL | $112.00 | $132.73 | +19% |
| Zijin Mining Group 601899 | ¥28.36 | ¥30.58 | +8% |
| Agnico Eagle Mines Limited AEM | C$191.93 | C$154.33 | -20% |
| Barrick Mining Corporation B | $34.93 | $50.66 | +45% |
| Wheaton Precious Metals Corp WPM | C$152.57 | C$52.47 | -66% |
| Franco-Nevada Corporation FNV | C$284.75 | C$97.76 | -66% |
| AngloGold Ashanti plc AU | $76.35 | $88.63 | +16% |
| Gold Fields Limited GFI | $33.33 | $59.06 | +77% |
| Kinross Gold Corporation KGC | $22.57 | $34.62 | +53% |
| Northern Star Resources Limited NST | A$20.48 | A$15.98 | -22% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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