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Upturn AI Summary - About
Harmony Gold Mining Company Limited(HMY)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for HMY
10/06/2026: HMY (1-star) is currently NOT-A-BUY. Pass it for now.
Harmony Gold Mining Company Limited is a seasoned gold producer with a primary focus on deep-level operations in South Africa and additional assets in Papua New Guinea. The company’s primary strengths lie in its deep mining operational expertise and a substantial resource base, which provide significant leverage to gold price trends. Its main growth story centers on the potential development of the Wafi-Golpu project. However, investors must consider risks including operational cost pressures, labor instability, and the volatility of gold pricing. The stock may best suit investors looking for commodity price exposure and growth potential, provided they are comfortable with the inherent volatility of the mining sector.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is largely dependent on the success of specific capital-intensive mining projects rather than broad scaling. |
| Momentum investor | Strong fit while signal remains positive | The stock tends to track gold price trends and mining sentiment, making it reactive to short-term market momentum. |
| Value investor | Mixed fit | Valuation is highly cyclical and dependent on commodity price assumptions, making traditional value metrics volatile. |
| Dividend investor | Mixed fit | Dividend payouts are variable and not guaranteed, tied strictly to operating performance and capital cycle. |
| Low-risk investor | Weak fit | The company's reliance on commodity prices and complex mining operations leads to high stock price volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The company's revenue is directly linked to the fluctuating global spot price of gold. |
| Valuation risk | Medium | Market pricing often fluctuates based on gold price projections rather than stable earnings growth. |
| Competition risk (Gold Mining Sector) | Medium | Competition for quality assets and skilled labor impacts long-term profitability. |
| Business quality | Medium | Operational challenges in deep-level mining affect the consistency of production outputs. |
| Dividend income | Medium | The lack of a fixed dividend policy makes the stock unreliable for consistent income investors. |
| Execution risk | High | Developing large mining projects like Wafi-Golpu requires significant operational and regulatory success. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit -32.33% | Avg. Invested days 27 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 10.83B USD | Price to earnings Ratio 6.36 | 1Y Target Price 22.19 |
Price to earnings Ratio 6.36 | 1Y Target Price 22.19 | ||
Volume (30-day avg) 4.2M shares | Beta 0.79 | 52 Weeks Range 12.78 - 25.57 | Updated Date 10/06/2026 |
52 Weeks Range 12.78 - 25.57 | Updated Date 10/06/2026 | ||
Dividends yield (FY) 2.36% | Basic EPS (TTM) 2.72 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| South African Mining | Gold production from underground and surface mining operations in South Africa. | This is the core engine of the company, providing the bulk of revenue but carrying high operational costs. |
| International Mining | Gold production from the Hidden Valley mine in Papua New Guinea. | This provides geographic diversification but involves exposure to different regulatory and operational environments. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 6.36 | Forward PE 20.66 | Enterprise Value 11.88B | Price to Sales(TTM) 0.11 |
Enterprise Value 11.88B | Price to Sales(TTM) 0.11 | ||
Enterprise Value to Revenue 1.94 | Enterprise Value to EBITDA 6.89 | Shares Outstanding 626.11M | Shares Floating 544.47M |
Shares Outstanding 626.11M | Shares Floating 544.47M | ||
Percent Insiders - | Percent Institutions 16.21 |
Upturn AI Summary
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.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Harmony Gold Mining Company Limited
Exchange NYSE | Headquarters - | ||
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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