Harmony Gold Mining Company Limited
HMY · Price history
Price at last available close
$16.29
−$1.45 (-8.17%) 1M
2026-10-27
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Company & revenue
About Harmony Gold Mining Company Limited
Primary reporting period: 2026-06-30 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
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.
How they make money
Harmony Gold Mining Company Limited generates revenue primarily through the extraction and processing of gold from underground and surface mining operations. The company also produces copper as a byproduct and is actively expanding its international copper footprint to diversify its commodity portfolio.
Products & services
Gold bullion and copper concentrate.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Mining equipment and service providers — The company relies on various unnamed third-party suppliers for mining equipment, machinery, and specialized technical services required for underground and surface extraction operations.Source
Competitors
- Gold mining companies — Various global and regional gold mining entities that compete for capital and market share in the precious metals sector.Source
Strengths
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt increased 310.3% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
55
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
85
Strong
Financial Strength
55
Business Quality / Moat
99
Management
100
Growth Quality
100
Risk / Durability
84
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
83
Attractive
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
79/100
Building Historical Record
Model Score 79/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently positive.
- •Revenue fundamentals score strongly
- •Asset quality scores strongly
- •Valuation scores attractively
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for HMY
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can HMY maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is HMY's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Does HMY's balance between cash and debt leave enough flexibility if business conditions weaken?
- •Is HMY's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of HMY's score?
Essential Investment Snapshot
Wall Street Score
55
Opportunity Score
83
Market Cap
$10.21B
P/E Ratio
4.2
EPS
$4.20
52-Week High
$26.06
52-Week Low
$13.03
Beta
0.79
Intrinsic Value
$161.85
Shares Outstanding
634.0M
Total Revenue
$10.96B
Total Debt
$572.6M
Dividend Yield (TTM)
2.92%
Liquidation Value / Share
$7.18
Dividend / Share (TTM)
$0.46
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for HMY
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Community Sentiment
0 active · 0 total callsNo personal call yet on HMY.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Consistent operational delivery and gold production guidance achievement.
- +Robust cash generation and strengthened gold-copper portfolio.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Gold industry.
- −Operational risks associated with underground mining and safety.
- −Fluctuations in gold and copper market prices.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
4 historical score records availablePrevious Score
55
Sep 28, 2026
Change
Unchanged
Current Score
55
Oct 1, 2026
Category Changes
HMY score was unchanged.
Projected Score
Projected Score
58
Projected Change
+2.6 points
Preliminary comparable-period financial changes suggest improvement of approximately 2.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Review model assumptionsThis model estimate is more than three times the share price.
This is a formula-based estimate, not a verified fair value or price target. Check the earnings and growth assumptions.
Stored EPS: $4.20 · Growth assumption: 15.0% · Earnings multiplier: 38.5×.
Current Price
$16.29
Model Intrinsic Value
$161.85
Difference
−$145.56
-89.9% vs IV
Margin of Safety
89.9%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.96B | $6.38B | $4.50B | $3.74B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $6.15B | $3.40B | $2.72B | $2.88B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $4.81B | $2.98B | $1.79B | $861.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $272.3M | $115.2M | $156.1M | $78.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $686.7M | $140.4M | $545.0M | $150.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $4.92B | $3.28B | $1.60B | $1.01B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $4.12B | $2.84B | $1.24B | $711.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $98.7M | $97.4M | $0.00 | $48.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $3.57B | $2.25B | $1.29B | $717.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $932.9M | $521.7M | $405.6M | $187.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $2.62B | $1.72B | $876.2M | $523.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $4.20 | $2.75 | $1.41 | $0.84 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 625M | 624M | 629M | 619M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 625M | 634M | 629M | 630M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$3.62B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$1.89
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+321.7%
Cash Change
-34.3%
Margin Change
+14.9 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
What Weakened
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, net income margin. Pressure indicators included cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 61.7%. EPS increased 201.0%. Cash declined 34.3%. Total debt increased 321.7%. Net income margin improved by 14.9 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
4 historical recordsHistorical Score Chart
3 of 4 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
GoldNews
Harmony Gold's 2027 Outlook: Record $1 Billion in Free Cash Flow and a Dividend That Nearly Quintupled
Harmony Gold Mining Company Limited (NYSE:HMY) Stock Now Rated “Moderate Buy” by Wall Street Brokerages
Harmony Gold Mining Eyes Copper Growth After Record FY2026 Results
Is Harmony Gold Mining Co Ltd (HMY) a Bargain After 4.6% Drop? GF Value Says Undervalued
Rumor Mill · HMY
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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