Harmony Gold Mining (HMY) Stock Price, News & Analysis

Company Overview

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on 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. Harmony Gold Mining Company Limited was incorporated in 1950 and is headquartered in Randfontein, South Africa.

Key Stats

• Today's Range: $8.39 to $8.59
• 50-Day Range: $8.30 to $12.23
• 52-Week Range: $5.40 to $12.29
• Volume: 7.88 million shs
• Average Volume: 4.85 million shs
• Market Capitalization: $5.35 billion
• P/E Ratio: 6.06
• Dividend Yield: 0.95%
• Price Target: $8.40
• Consensus Rating: Reduce

Harmony Gold Mining Stock Analysis - MarketRank™

Harmony Gold Mining scored higher than 67% of companies evaluated by MarketBeat, and ranked 107th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Harmony Gold Mining has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Harmony Gold Mining has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 4.4 / 5
• Proj. Earnings Growth: 27.05%

Earnings Growth

Earnings for Harmony Gold Mining are expected to grow by 27.05% in the coming year, from $1.22 to $1.55 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Harmony Gold Mining is 6.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Harmony Gold Mining is 6.06, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 112.60.

Price to Earnings Growth Ratio

Harmony Gold Mining has a PEG Ratio of 0.46. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Harmony Gold Mining has a P/B Ratio of 2.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.32% of the outstanding shares of Harmony Gold Mining have been sold short.

Short Interest Ratio / Days to Cover

Harmony Gold Mining has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Harmony Gold Mining has recently decreased by 26.87%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Harmony Gold Mining has a dividend yield of 0.96%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Harmony Gold Mining does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Harmony Gold Mining is 5.76%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Harmony Gold Mining will have a dividend payout ratio of 5.16% next year. This indicates that Harmony Gold Mining will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.32% of the outstanding shares of Harmony Gold Mining have been sold short.

Short Interest Ratio / Days to Cover

Harmony Gold Mining has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Harmony Gold Mining has recently decreased by 26.87%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 1.70

News Sentiment

Harmony Gold Mining has a news sentiment score of 1.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Harmony Gold Mining this week, compared to 3 articles on an average week.

MarketBeat Follows

Only 2 people have added Harmony Gold Mining to their MarketBeat watchlist in the last 30 days. This is a decrease of -86% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Harmony Gold Mining insiders have not sold or bought any company stock.

Percentage Held by Insiders

16.02% of the stock of Harmony Gold Mining is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 31.79% of the stock of Harmony Gold Mining is held by institutions.

HMY Stock Analysis - Frequently Asked Questions

How have HMY shares performed this year?

Harmony Gold Mining's stock was trading at $6.15 on January 1st, 2024. Since then, HMY stock has increased by 37.1% and is now trading at $8.43.
View the best growth stocks for 2024 here.

How were Harmony Gold Mining's earnings last quarter?

Harmony Gold Mining Company Limited (NYSE:HMY) posted its quarterly earnings results on Tuesday, May, 6th. The mining company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.06. The mining company had revenue of $354 million for the quarter.

Who are Harmony Gold Mining's major shareholders?

Harmony Gold Mining's top institutional shareholders include Van ECK Associates Corp (10.89%), Tidal Investments LLC (1.24%), Wellington Management Group LLP (0.42%) and National Bank of Canada FI (0.18%).

How do I buy shares of Harmony Gold Mining?

Shares of HMY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Harmony Gold Mining own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Harmony Gold Mining investors own include Barrick Gold (GOLD), NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Broadcom (AVGO), KAZ Minerals (KAZ) and Energy Transfer (ET).

Company Calendar

• Last Earnings: 5/06/2014
• Ex-Dividend for 10/21 Dividend: 10/11/2024
• Dividend Payable: 10/21/2024
• Today: 12/20/2024
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Gold & silver ores
• Sub-Industry: Precious Metals
• Current Symbol: NYSE:HMY
• CUSIP: N/A
• CIK: 1023514
• Web: www.harmony.co.za
• Phone: (711) 411-2000
• Fax: 27-11-692-3879
• Employees: 43,667
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $8.40
• High Stock Price Target: $8.40
• Low Stock Price Target: $8.40
• Potential Upside/Downside: -0.4%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: 6.06
• Forward P/E Ratio: 6.91
• P/E Growth: 0.46
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: 0.04
• Current Ratio: 1.56
• Quick Ratio: 1.07

Sales & Book Value

• Annual Sales: $61.38 billion
• Price / Sales: 0.09
• Cash Flow: $1.21 per share
• Price / Cash Flow: 6.98
• Book Value: $3.46 per share
• Price / Book: 2.44

Miscellaneous

• Outstanding Shares: 634,768,000
• Free Float: 533,078,000
• Market Cap: $5.35 billion
• Optionable: Optionable
• Beta: 1.72