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HMY 
Harmony Gold Mining Company Limited (HMY)
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Stock price based on last close (see disclosures)
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Upturn Advisory Summary
11/05/2025: HMY (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
2 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $20.97
1 Year Target Price $20.97
| 0 | Strong Buy |
| 0 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -24.75% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/05/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 9.76B USD | Price to earnings Ratio 11.51 | 1Y Target Price 20.97 |
Price to earnings Ratio 11.51 | 1Y Target Price 20.97 | ||
Volume (30-day avg) 2 | Beta 0.63 | 52 Weeks Range 7.88 - 22.25 | Updated Date 11/5/2025 |
52 Weeks Range 7.88 - 22.25 | Updated Date 11/5/2025 | ||
Dividends yield (FY) 1.33% | Basic EPS (TTM) 1.32 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-11-06 | When - | Estimate - | Actual - |
Profitability
Profit Margin 19.47% | Operating Margin (TTM) 29.67% |
Management Effectiveness
Return on Assets (TTM) 19.15% | Return on Equity (TTM) 32.52% |
Valuation
Trailing PE 11.51 | Forward PE - | Enterprise Value 10698478718 | Price to Sales(TTM) 0.13 |
Enterprise Value 10698478718 | Price to Sales(TTM) 0.13 | ||
Enterprise Value to Revenue 2.49 | Enterprise Value to EBITDA 6.89 | Shares Outstanding 624583402 | Shares Floating 554258188 |
Shares Outstanding 624583402 | Shares Floating 554258188 | ||
Percent Insiders - | Percent Institutions 25.59 |
Upturn AI SWOT
Harmony Gold Mining Company Limited
Company Overview
History and Background
Harmony Gold Mining Company Limited was founded in 1950. Initially focused on South African gold mines, it expanded internationally through acquisitions and development projects.
Core Business Areas
- Underground Mining: Extraction of gold ore from underground mining operations in South Africa.
- Surface Mining: Extraction of gold ore from surface operations, including open-pit mining and tailings retreatment.
- International Operations: Mining operations and exploration projects outside of South Africa, including Papua New Guinea.
Leadership and Structure
Peter Steenkamp serves as CEO. The company operates with a board of directors overseeing executive management and strategic direction.
Top Products and Market Share
Key Offerings
- Gold: Primary product is gold bullion. Harmony is a significant gold producer, with production varying based on mining conditions and operational efficiency. Market share data is difficult to pinpoint precisely due to fragmented markets, but it competes globally with companies such as Newmont Corporation and Barrick Gold Corporation.
- Silver: Silver is a byproduct of their gold mining operations. They are a very small player in the silver market.
- Uranium: Harmony has been exploring Uranium production, but this is not a core element of their operations.
Market Dynamics
Industry Overview
The gold mining industry is influenced by global economic conditions, geopolitical events, and investor demand for safe-haven assets. Gold prices fluctuate based on these factors.
Positioning
Harmony Gold positions itself as a mid-tier gold producer focusing on operational efficiency and sustainable mining practices. Competitive advantages include its South African operations and expansion in Papua New Guinea.
Total Addressable Market (TAM)
The global gold market is estimated at hundreds of billions of dollars annually. Harmony's market capitalization places it as a medium-sized player within the overall market.
Upturn SWOT Analysis
Strengths
- Significant gold reserves
- Established mining operations in South Africa
- Growing international presence (Papua New Guinea)
- Focus on operational efficiency
- Experienced management team
Weaknesses
- Exposure to South African political and economic risks
- Higher operating costs compared to some competitors
- Labor relations challenges
- Geopolitical uncertainty impacts in key mining locations
- Currency fluctuation risks
Opportunities
- Expansion into new mining regions
- Technological advancements in mining
- Rising gold prices
- Strategic acquisitions
- Increased demand for gold as a safe-haven asset
Threats
- Fluctuations in gold prices
- Environmental regulations
- Political instability in mining regions
- Labor disputes
- Increased competition
Competitors and Market Share
Key Competitors
- NEM
- GOLD
- AU
- BVN
- IAG
Competitive Landscape
Harmony faces competition from larger gold producers with greater financial resources and global reach. Harmony differentiates itself through its South African operations and expansion strategy.
Major Acquisitions
Hidden Valley Mine
- Year: 2016
- Acquisition Price (USD millions): 300
- Strategic Rationale: To increase gold production and expand operations in Papua New Guinea.
Growth Trajectory and Initiatives
Historical Growth: Growth has been influenced by acquisitions and organic expansion of mining operations.
Future Projections: Future growth depends on successful execution of expansion projects and sustained gold prices. Analyst estimates vary.
Recent Initiatives: Strategic initiatives include expansion in Papua New Guinea, focusing on new technologies, and improving mining efficiencies.
Summary
Harmony Gold, while possessing strong South African operations and expansion efforts, faces risks from political instability and fluctuating gold prices. Its growth trajectory depends on its ability to efficiently manage costs and successfully execute its international expansion strategy. The company needs to be mindful of environmental regulations and labor relations. The firm's future depends on leveraging rising gold prices, expansion into new mining regions, and strategic acquisitions. Their current reliance on gold prices is a risk.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company annual reports
- Financial news articles
- Industry reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on thorough research and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 34350 | Website https://www.harmony.co.za |
Full time employees 34350 | Website https://www.harmony.co.za | ||
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia. The company explores for gold, uranium, silver, and copper deposits. It has nine 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 Eva Copper Project located in Queensland, Australia. Harmony Gold Mining Company Limited was incorporated in 1950 and is based in Randfontein, South Africa.
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