HMY

BULLISH

$16.46 Live

Harmony Gold Mining Company Limited · NYSE

Target $23.73 (+44.2%)

$12.58 52W Range $26.06

HMY Harmony Gold Mining Company Limited - Fundamental Analysis

BULLISH

Console Chart News

HMY Stock | Fundamental Analysis & Investment Insights

NYSE • Basic Materials • Gold

Current Price Live

$16.46

Analyst Target

$23.73

+44.2% Upside

52W High

$26.06

52W Low

$12.58

Overview AI Snowflake Price Valuation Profitability Growth Health Statements Peers

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 28, 2026

Market cap

$10.39B

P/E

10.55

ROE

33.5%

Profit margin

20.1%

Debt/Equity

0.25

Dividend yield

2.44%

AI Analysis

AI-powered fundamental assessment

Confidence

75%

HMY exhibits strong fundamental health with a Piotroski F-Score of 7/9 and an exceptional ROE of 33.49%. The stock is significantly undervalued relative to its intrinsic value of $46.02 and trades at a remarkably low PEG ratio of 0.03. While the company faces short-term liquidity concerns (Current Ratio 0.54) and a poor earnings surprise track record, the combination of low debt and strong growth metrics suggests a deep-value opportunity.

Key Strengths

Strong financial health indicated by a Piotroski F-Score of 7/9

Exceptional profitability with ROE at 33.49% and Operating Margin at 33.34%

Deep value valuation with a Forward P/E of 4.96 and PEG of 0.03

Conservative leverage with a Debt/Equity ratio of 0.25

Strong YoY growth in both Revenue (19.50%) and Earnings (22.70%)

Key Risks

Severe liquidity risk evidenced by a Current Ratio of 0.54 and Quick Ratio of 0.37

Chronic failure to meet earnings estimates (0/4 beats in last 4 quarters)

Bearish technical trend (0/100) indicating strong downward price momentum

Weak insider sentiment (40/100) suggesting lack of internal confidence

High sensitivity to gold price volatility inherent in the sector

AI Fair Value Estimate

Based on comprehensive analysis

$24.85

+51.0% above current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall

Strong

Value

Future

Past

Health

Dividend

AI Verdict

Undervalued Growth with Execution Risk

Key drivers: Extreme valuation discount, Strong Piotroski health score, Poor earnings surprise history, Liquidity constraints

Confidence

80%

Value

92/100

Ref P/E, PEG, Graham Number

Positives

Forward P/E of 4.96 is extremely low
PEG ratio of 0.03 suggests massive undervaluation relative to growth

Watchpoints

Current price is slightly above the Graham Number ($13.28)

Future

60/100

Ref Growth rates

Positives

Double-digit YoY revenue and earnings growth

Watchpoints

Consistent earnings misses (-52.87% avg surprise) suggest unreliable guidance

Past

65/100

Ref Historical trends

Positives

Impressive 5-year price change of +263.6%

Watchpoints

Technical trend is currently 0/100 (Bearish)

Health

70/100

Ref Altman Z-Score, Piotroski F-Score

Positives

Piotroski F-Score of 7/9 is strong
Low Debt/Equity ratio (0.25)

Watchpoints

Current Ratio (0.54) is well below the healthy 1.0 threshold

Dividend

65/100

Ref Yield, Payout

Positives

Very low payout ratio (14.61%) indicates high sustainability

Watchpoints

Modest dividend yield of 2.44%

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price

$16.46

Analyst Target

$23.73

Upside/Downside

+44.2%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for HMY and closest competitors.

Updated 2026-04-27

Company	5Y	3Y	1Y	6M	1M	1W
HMY Harmony Gold Mining Company Limited Primary	+263.6%	+275.1%	+7.3%	+1.9%	+17.0%	-8.5%
IAG IAMGOLD Corporation Peer	+425.1%	+500.7%	+138.1%	+48.6%	-3.5%	-7.5%
ESI Element Solutions Inc Peer	+108.7%	+138.3%	+98.9%	+54.9%	+14.4%	+3.4%
HBM Hudbay Minerals Inc. Peer	+224.0%	+389.5%	+227.8%	+57.5%	+25.3%	-4.9%
EQX Equinox Gold Corp. Peer	+68.3%	+187.4%	+110.9%	+30.0%	+10.2%	-8.2%

HMY

Harmony Gold Mining Company Limited

Primary

+263.6%

+275.1%

+7.3%

+1.9%

+17.0%

-8.5%

IAG

IAMGOLD Corporation

Peer

+425.1%

+500.7%

+138.1%

+48.6%

-3.5%

-7.5%

ESI

Element Solutions Inc

Peer

+108.7%

+138.3%

+98.9%

+54.9%

+14.4%

+3.4%

HBM

Hudbay Minerals Inc.

Peer

+224.0%

+389.5%

+227.8%

+57.5%

+25.3%

-4.9%

EQX

Equinox Gold Corp.

Peer

+68.3%

+187.4%

+110.9%

+30.0%

+10.2%

-8.2%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

10.55

4.96

0.03

3.27

0.13

0.2

0.54

$10.39B

Profitability

Profit margins and return metrics

Profit Margin 20.05%

Operating Margin 33.34%

Gross Margin 43.5%

ROE 33.49%

ROA 17.3%

Growth

Revenue and earnings growth rates

Revenue Growth +19.5%

Earnings Growth +22.7%

Q/Q Revenue Growth N/A

Q/Q Earnings Growth +24.1%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity

0.25

Low debt

Current Ratio

0.54

Weak

Quick Ratio

0.37

Poor

Cash/Share

$11.76

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Total Assets

$114.6B

Liabilities

$62.4B

Equity

$51.9B

Debt/Equity

1.20x

Quarterly Earnings History

EPS performance vs analyst estimates

2026-08-27

$N/A

2011-05-05

$0.09

-56.2% surprise

2011-02-07

$0.1

-43.7% surprise

2010-11-01

$0.07

-58.7% surprise

Basic Materials Sector Comparison

Comparing HMY against 143 companies in the Basic Materials sector (14 bullish, 54 neutral, 75 bearish)

P/E Ratio

10.55

This Stock

38.86

Sector Avg

-72.8% (Discount)

Return on Equity (ROE)

33.49%

This Stock

-6.64%

Sector Avg

-604.5% (Below Avg)

Profit Margin

20.05%

This Stock

-5.75%

Sector Avg

-448.6% (Weaker)

Debt to Equity

0.25

This Stock

0.89

Sector Avg

-71.4% (Less Debt)

Revenue Growth

19.5%

This Stock

36.56%

Sector Avg

-46.7% (Slower)

Current Ratio

0.54

This Stock

5.16

Sector Avg

-89.5% (Weaker)

Similar Companies

Peer comparison within the same industry

Company	AI Rating	Market Cap	P/E	ROE	Profit Margin	Price
HMY Harmony Gold Mining Company Limited	BULLISH	$10.39B	10.55	33.5%	20.1%	$16.46
IAG IAMGOLD Corporation	BULLISH	$9.97B	15.02	19.2%	23.3%	$17.12	Compare
ESI Element Solutions Inc	BEARISH	$9.83B	51.06	7.5%	7.5%	$40.34	Compare
HBM Hudbay Minerals Inc.	BULLISH	$9.7B	16.95	19.2%	25.7%	$24.41	Compare
EQX Equinox Gold Corp.	NEUTRAL	$11.31B	-	-0.4%	12.2%	$14.33	Compare

HMY Harmony Gold...

BULLISH

Mkt Cap

$10.4B

P/E

10.6

ROE

33.5%

Price

$16.46

IAG IAMGOLD Corporation

Compare with HMY

ESI Element Solutions Inc

Compare with HMY

HBM Hudbay Minerals Inc.

Compare with HMY

EQX Equinox Gold Corp.

Compare with HMY

Past News Coverage

Recent headlines mentioning HMY from our newsroom.

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HMY

HMY Harmony Gold Mining Company Limited - Fundamental Analysis

At a glance

AI Analysis

Key Strengths

Key Risks

Performance Snowflake

Stock Price & Analyst Targets

Multi-Horizon Performance vs Peers

Historical Performance Trends

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Valuation Metrics

Profitability

Growth

Financial Health

Financial Statement Flow

Quarterly Earnings History

Basic Materials Sector Comparison

Similar Companies

Past News Coverage

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