Harmony Gold's investment thesis is centered on its transformation into a high-margin producer, with revenue surging 61.7% YoY in Q4 2026 and gross margins expanding to 49.0%, driven by full integration of the Mponeng mine and favorable gold prices. This opera...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Harmony's income statement reflects a dramatic structural transformation, with revenue growing 61.7% YoY to $59.4B and gross margin expanding to 49.0% in Q4 2026, indicating powerful operating leverage from its integrated operations.
Harmony Gold Mining Company is positioned to benefit from the ongoing gold bull market, with potential upside as gold prices reach historical highs.
HMY's trailing P/E ratio of 14.84 suggests it may be undervalued compared to peers, offering a compelling entry point for investors.
A bullish thesis on HMY has been highlighted in investment forums, indicating growing confidence in the company's growth prospects.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 27, 2026 | $1.29+0.0% vs $1.29 | $3.7B+14.2% vs $3.2B |
Q2 2026 Mar 11, 2026 | $0.87-9.0% vs $0.95 | $2.7B-2.4% vs $2.8B |
Q3 2025 Aug 28, 2025 | $0.58+2.3% vs $0.57 | $2.1B vs — |
Q2 2025 Mar 4, 2025 | $0.66 vs — | $2.0B vs — |
On September 21, 2026, Harmony Gold Mining Co Ltd (HMY) shares fell 4.6% to a current price of $19.00. This decline comes amid a 52-week trading range that has
On September 14, 2026, Harmony Gold Mining Co Ltd (HMY) shares fell 4.9% to $19.63, marking a notable downturn in a 52-week range of $13.03 to $26.06. This pric
Nykredit A S purchased a new position in Harmony Gold Mining Company Limited (NYSE: HMY) in the undefined quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 40,319 shares of the mining company's stock, valued at approximately $613,000. Other institutional investors also recently bought and sold
Harmony Gold just posted its best fiscal year ever, yet the CEO is telling investors the real payoff does not arrive until after 2030. Here is what that bet looks like when you strip out the gold price tailwind.
Benchmark HMY against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Harmony Gold Mining Company Limited (HMY)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $18.73 | $11.71B | 13.38 | 20.39% | 19.47% | 32.16% | 1.07% | |
| $40.82 | $36.53B | 10.36 | 68.77% | 35.34% | 85.27% | — | |
| $98.74 | $49.94B | 19.03 | 70.78% | 32.19% | 37.52% | — | |
| $25.49 | $221.85M | 16.09 | 26.26% | 34.07% | 63.92% | — | |
| $10.55 | $8.48B | -25.36 | 7.11% | 4.86% | 27.48% | — | |
| $18.27 | $12.25B | 37.29 | 53.03% | 20.83% | 12.98% | — |
Harmony Gold Mining Company Limited (HMY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Harmony Gold Mining Company Limited (HMY) stock FAQ — growth, dividends, profitability & financials explained
Harmony Gold Mining Company Limited (HMY) reported $179.91B in revenue for fiscal year 2025. This represents a 15523% increase from $1.15B in 1998.
Harmony Gold Mining Company Limited (HMY) grew revenue by 20.4% over the past year. This is strong growth.
Yes, Harmony Gold Mining Company Limited (HMY) is profitable, generating $43.09B in net income for fiscal year 2025 (19.5% net margin).
Yes, Harmony Gold Mining Company Limited (HMY) pays a dividend with a yield of 1.07%. This makes it attractive for income-focused investors.
Harmony Gold Mining Company Limited (HMY) has a return on equity (ROE) of 32.2%. This is excellent, indicating efficient use of shareholder capital.
Harmony Gold Mining Company Limited (HMY) generated $26.51B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
