Harmony Gold Mining Company falls amid sector rotation despite rising gold prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2025
0mins
Should l Buy HMY?
Source: WSJ
Harmony Gold Mining Company Ltd's stock price fell by 7.71% as it crossed below the 5-day SMA, reflecting a challenging trading environment.
Despite gold prices soaring to new heights above $5,300 an ounce ahead of the FOMC meeting, Harmony Gold's stock declined, indicating a sector rotation where investors may be reallocating funds away from gold mining stocks.
This decline could suggest that investors are cautious about the mining sector's performance despite favorable conditions for gold prices, potentially impacting future investments in Harmony Gold.
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Analyst Views on HMY
Wall Street analysts forecast HMY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HMY is 20.50 USD with a low forecast of 20.50 USD and a high forecast of 20.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 20.370
Low
20.50
Averages
20.50
High
20.50
Current: 20.370
Low
20.50
Averages
20.50
High
20.50
About HMY
Harmony Gold Mining Company Limited is a mining company. It acquires, explores, develops, and operates gold and uranium properties, through its underground and open-pit mines in South Africa, and its Hidden Valley open-pit mine in Papua New Guinea. Its main products are gold bullion and uranium concentrate, extracted from deep-level and surface mining operations. Its segments include South Africa Underground, Surface, and International. In South Africa, its underground operations are located within the Witwatersrand Basin, which includes one in the Klerksdorp goldfield, three in the West Rand, and five in the Free State, in the southern portion of the Witwatersrand Basin. It also has an open pit mine, Kalgold, on the Kraaipan Greenstone Belt as well as several surface treatment operations. In Papua New Guinea, it operates the Hidden Valley mine and Wafi-Golpu project. In Australia, the Company owns the Eva Copper Mine Project. It also owns CSA Copper Mine in New South Wales, Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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