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HMY logo HMY
Upturn stock ratingUpturn stock rating
HMY logo

Harmony Gold Mining Company Limited (HMY)

Upturn stock ratingUpturn stock rating
$12.61
Last Close (24-hour delay)
Profit since last BUY-19.99%
upturn advisory
WEAK BUY
BUY since 15 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
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Upturn Advisory Summary

08/28/2025: HMY (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

2 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $14.82

1 Year Target Price $14.82

Analysts Price Target For last 52 week
$14.82 Target price
52w Low $7.91
Current$12.61
52w High $18.77

Analysis of Past Performance

Type Stock
Historic Profit -23.2%
Avg. Invested days 28
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 9.02B USD
Price to earnings Ratio 13.27
1Y Target Price 14.82
Price to earnings Ratio 13.27
1Y Target Price 14.82
Volume (30-day avg) 2
Beta 0.33
52 Weeks Range 7.91 - 18.77
Updated Date 08/29/2025
52 Weeks Range 7.91 - 18.77
Updated Date 08/29/2025
Dividends yield (FY) 1.40%
Basic EPS (TTM) 0.95

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-08-28
When -
Estimate -
Actual -

Profitability

Profit Margin 19.47%
Operating Margin (TTM) 30.44%

Management Effectiveness

Return on Assets (TTM) 19.41%
Return on Equity (TTM) 32.52%

Valuation

Trailing PE 13.27
Forward PE -
Enterprise Value 8603238824
Price to Sales(TTM) 0.12
Enterprise Value 8603238824
Price to Sales(TTM) 0.12
Enterprise Value to Revenue 2.26
Enterprise Value to EBITDA 7.6
Shares Outstanding 622182976
Shares Floating 547050070
Shares Outstanding 622182976
Shares Floating 547050070
Percent Insiders -
Percent Institutions 25.43

ai summary icon Upturn AI SWOT

Harmony Gold Mining Company Limited

stock logo

Company Overview

overview logo History and Background

Harmony Gold Mining Company Limited was founded in 1950. Initially focused on gold production in South Africa, it has expanded its operations internationally through strategic acquisitions and exploration. It has evolved from a single mine operation to a diversified gold producer with assets in South Africa and Papua New Guinea.

business area logo Core Business Areas

  • Underground Mining: Extraction of gold ore from underground deposits. Includes development, stoping, and ore handling.
  • Surface Mining: Extraction of gold ore from surface deposits, typically through open-pit mining techniques.
  • Processing: Crushing, milling, and chemical treatment of gold ore to extract gold.
  • Exploration: Identifying and evaluating new gold deposits for future mining operations.

leadership logo Leadership and Structure

Harmony is led by Peter Steenkamp (CEO). Its organizational structure includes operational divisions for each mine, supported by corporate functions such as finance, human resources, and technical services.

Top Products and Market Share

overview logo Key Offerings

  • Gold Production: Harmony's primary product is gold. Market share data fluctuates; exact figures are commercially sensitive. Competitors include Newmont, Barrick Gold, AngloGold Ashanti. Revenue from gold sales constitutes the vast majority of Harmony's income.

Market Dynamics

industry overview logo Industry Overview

The gold mining industry is driven by global demand for gold, which is influenced by economic conditions, investment trends, and geopolitical events. Gold is seen as a safe haven asset, making prices very sensitive to market dynamics.

Positioning

Harmony is a mid-tier gold producer focusing on both underground and surface mining. Its competitive advantages include its deep understanding of South African geology and its operational expertise. They recently invested in processing equipment.

Total Addressable Market (TAM)

The global gold market is estimated to be worth hundreds of billions of dollars annually. Harmonyu2019s position gives them access to a portion of this TAM. However, gold prices are highly volatile.

Upturn SWOT Analysis

Strengths

  • Established Operational Experience
  • Deep Geological Expertise in South Africa
  • Diversified Portfolio of Mines
  • Cost Control Programs
  • Increased operational output from recent technology and equipment investments

Weaknesses

  • Exposure to Geopolitical Risk in South Africa
  • Operational Challenges Related to Deep Underground Mines
  • Fluctuations in Gold Prices
  • Labor Relations
  • Dependency on aging equipment

Opportunities

  • Expansion through Acquisitions and Exploration
  • Increasing Gold Prices
  • Technological advancements in mining
  • Developing new mines
  • Improving Environmental Sustainability Measures

Threats

  • Declining Gold Reserves
  • Rising Operating Costs (Energy, Labor)
  • Unstable Political and Economic Environment in South Africa
  • Environmental Regulations
  • Fluctuations in the Value of the South African Rand (ZAR)

Competitors and Market Share

competitor logo Key Competitors

  • Newmont Corporation (NEM)
  • Barrick Gold Corporation (GOLD)
  • AngloGold Ashanti (AU)

Competitive Landscape

Harmony is smaller than the top competitors. They are strong in deep mining. Market share and financials are affected by production capabilities and costs of production for each mine and processing plant.

Major Acquisitions

AngloGold Ashanti's Mponeng Mine

  • Year: 2020
  • Acquisition Price (USD millions): 300
  • Strategic Rationale: Increased Harmonyu2019s gold production and extended mine life.

Growth Trajectory and Initiatives

Historical Growth: Harmony's historical growth has been a mixture of organic growth and acquisitions.

Future Projections: Future growth is projected to be driven by increased production from existing mines and potential acquisitions.

Recent Initiatives: Recent strategic initiatives include investing in new mining technology, streamlining operations, and acquiring smaller mining operations.

Summary

Harmony Gold Mining Company is a mid-tier gold producer with a strong presence in South Africa. The company benefits from its deep operational expertise, however, it faces challenges like fluctuations in gold prices and geopolitical risks. Recent acquisitions and focus on cost control are driving growth, although they need to be careful about environmental risks. Future success hinges on managing these factors effectively.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings (where available)
  • Market Research Reports
  • Industry News

Disclaimers:

This analysis is for informational purposes only and does not constitute investment advice. Financial data may be limited due to its proprietary nature. Market share data is approximate.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Harmony Gold Mining Company Limited

Exchange NYSE
Headquaters -
IPO Launch date 1996-09-30
Group CEO & Executive Director Mr. Beyers B. Nel BEng, BSc, MBA
Sector Basic Materials
Industry Gold
Full time employees 34715
Full time employees 34715

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australasia. The company explores for gold, uranium, silver, and copper deposits. It has eight underground operations in the Witwatersrand Basin; the Kraaipan Greenstone Belt; and various surface source operations in South Africa. In addition, the company owns interests in the Hidden Valley, an open-pit gold and silver mine; and the Wafi-Golpu project located in Morobe Province in Papua New Guinea. Further, it holds interest in Rosby and Eva Copper Project located in Queensland, Australia. The company was incorporated in 1950 and is based in Randfontein, South Africa.