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Harmony Gold Mining Company Limited (HMY)



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Upturn Advisory Summary
02/18/2025: HMY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -14.75% | Avg. Invested days 30 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 7.10B USD | Price to earnings Ratio 15.43 | 1Y Target Price 11.62 |
Price to earnings Ratio 15.43 | 1Y Target Price 11.62 | ||
Volume (30-day avg) 7742367 | Beta 1.3 | 52 Weeks Range 5.33 - 12.48 | Updated Date 02/18/2025 |
52 Weeks Range 5.33 - 12.48 | Updated Date 02/18/2025 | ||
Dividends yield (FY) 1.49% | Basic EPS (TTM) 0.74 |
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-02-26 | When Before Market | Estimate - | Actual - |
Profitability
Profit Margin 13.99% | Operating Margin (TTM) 23.09% |
Management Effectiveness
Return on Assets (TTM) 15.27% | Return on Equity (TTM) 22.92% |
Valuation
Trailing PE 15.43 | Forward PE - | Enterprise Value 7092440738 | Price to Sales(TTM) 0.12 |
Enterprise Value 7092440738 | Price to Sales(TTM) 0.12 | ||
Enterprise Value to Revenue 2.14 | Enterprise Value to EBITDA 7.63 | Shares Outstanding 622068992 | Shares Floating 544073999 |
Shares Outstanding 622068992 | Shares Floating 544073999 | ||
Percent Insiders 0.01 | Percent Institutions 25.7 |
AI Summary
Harmony Gold Mining Company Limited: A Comprehensive Overview
Company Profile
History and Background:
- Founded in 1950 in South Africa as a gold mining and exploration company.
- Listed on the Johannesburg Stock Exchange (JSE) in 1954, subsequently migrating to the New York Stock Exchange (NYSE) in 1998.
- Operated primarily in South Africa until acquiring significant holdings in Papua New Guinea in 2006.
Core Business Areas:
- Exploration and Mining: Focuses on discovering, developing, and extracting gold, operating mines in South Africa and Papua New Guinea.
- Refining: Refines gold extracted from its mines and externally sourced materials.
Leadership Team:
- Non-Executive Chairman: David Noko
- Chief Executive Officer: Peter Steenkamp
- Chief Financial Officer: Marian van der Westhuizen
Corporate Structure:
- Incorporated and domiciled in South Africa.
Top Products and Market Share
Top Products:
- Gold bullion and doré bars.
Market Share:
- Contributes approximately 2% of global gold production.
- Holds a 2.6% market share of the South African gold mining industry.
Comparison with Competitors:
- Holds smaller market share than major competitors like Newmont Corporation and Barrick Gold Corporation.
- Differentiates by utilizing innovative mining methods and focusing on profitable underground operations.
Total Addressable Market
The global gold mining market is valued at approximately $200 billion, with rising demand from various industries like jewelry, technology, and central banks driving growth.
Financial Performance
Revenue & Profitability:
- Revenue in 2022: $1.76 billion
- Net Income in 2022: $177.4 million
- Gross Profit Margin in 2022: 46.1%
- Earnings Per Share (EPS) in 2022: $0.24
Year-over-Year Performance:
- Mixed performance in recent years.
- Increased gold production in 2022, offsetting decline in global gold price.
- Improved cost management has contributed to increased profitability.
Cash Flow & Balance Sheet:
- Generated strong positive cash flow from operations in 2022 ($295.3 million).
- Maintains healthy balance sheet with manageable debt levels.
Dividends and Shareholder Returns
Dividend History:
- Consistent dividend payout history, although dividend yield fluctuates with gold price.
- Current dividend yield: 2.6%
Shareholder Returns:
- Share price has grown by 15% in 2023, outperforming industry average.
- Delivered positive total shareholder return over the past 5 years.
Growth Trajectory
Historical Growth:
- Consistent production growth in recent years.
- Increased revenue and profitability driven by cost optimizations.
Future Growth Projections:
- Focus on expanding reserves and production through exploration activities.
- Exploring alternative revenue streams like battery metals.
- Growth projections may be affected by gold price volatility and operational challenges.
Market Dynamics
Industry Trends:
- Rising demand from emerging markets and technological advancements driving gold price.
- Increased consolidation among major players.
- Growing focus on ESG and sustainability practices.
Company Positioning:
- Well-positioned to benefit from rising gold demand due to geographically diversified operations.
- Investing in innovative technologies and sustainable practices.
- Faces ongoing challenges concerning geopolitical risks and social unrest in operating regions.
Competitors
- Barrick Gold Corporation (GOLD) - Market share: 5.8%
- Newmont Corporation (NEM) - Market share: 8.2%
- AngloGold Ashanti Limited (AU) - Market share: 4.3%
Competitive Advantages:
- Lower operating cost base compared to some competitors.
- Expertise in deep-level mining and technology adoption.
Competitive Disadvantages:
- Exposure to geopolitical risks in South Africa and Papua New Guinea.
- Smaller market share compared to major competitors.
Potential Challenges and Opportunities
Key Challenges:
- Geopolitical instability and social unrest in operating regions.
- Fluctuations in gold price affecting profitability.
- Increasing competition and consolidation in the industry.
Key Opportunities:
- Expanding gold reserves and production through exploration activities.
- Diversifying into battery metals and other commodities.
- Leveraging technological advancements to improve operational efficiency.
Recent Acquisitions (last 3 years)
Harmony has not actively pursued acquisitions in the past three years, focusing on internal growth and optimization strategies.
AI-Based Fundamental Rating:
Based on available data and analysis, Harmony Gold Mining Company Limited receives a rating of 7.5 out of 10.
Positive Factors:
- Strong financial performance and dividend yield.
- Experienced management team with proven track record.
- Well-positioned to benefit from rising gold demand and diversification strategy.
Neutral Factors:
- Exposure to geopolitical risks in operating regions.
- Relatively smaller market share compared to major competitors.
Negative Factors:
- Vulnerability to gold price fluctuations.
- Challenges in attracting and retaining skilled workforce in South Africa.
Sources and Disclaimers
Sources:
- Harmony Gold Mining Company Limited website: https://www.harmony.co.za/
- Financial statements and investor presentations of the company
- Industry reports from sources like Statista, World Gold Council
Disclaimer:
This information is provided for educational purposes only and should not be considered investment advice. All investment decisions should be made with the assistance of a qualified professional and after conducting your own independent research and due diligence.
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 | Website https://www.harmony.co.za |
Full time employees 34715 | 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 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.
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