Stock Movement: Harmony Gold Mining Company Ltd. (NYSE:HMY) experienced a significant rebound, rising 5.31% to close at $13.28, breaking a four-day losing streak as investors capitalized on increasing gold prices.
Gold Price Surge: Spot gold prices increased by 0.97% to $3,450.29 per troy ounce, driven by expectations of an interest rate cut next month, which typically enhances gold's appeal.
Financial Highlights
Earnings Growth: For the fiscal year 2025, Harmony Gold reported a remarkable 75% increase in net income, reaching $802 million compared to $459 million the previous year.
Revenue Increase: The company's revenues rose by 24% to $4.07 billion, up from $3.28 billion year-on-year, largely due to a 27% rise in the average gold price, which was $2,620/oz compared to $1,999/oz the previous year.
Dividend Announcement
Cash Dividends: Harmony Gold declared cash dividends totaling $8.88 per share for shareholders on record as of October 10, 2025, with payments scheduled for October 13, 2025.
Investment Perspective
Investment Outlook: While Harmony Gold shows potential as an investment, there is a belief that certain AI stocks may offer better returns with lower risk, suggesting a shift in focus for investors seeking high-growth opportunities.
HMY
$20.22+Infinity%1D
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
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 Buy
0 Hold
0 Sell
Moderate Buy
Current: 20.190
Low
20.50
Averages
20.50
High
20.50
Current: 20.190
Low
20.50
Averages
20.50
High
20.50
BMO Capital
Raj Ray
Market Perform
initiated
$16
2025-07-17
Reason
BMO Capital
Raj Ray
Price Target
$16
2025-07-17
initiated
Market Perform
Reason
BMO Capital analyst Raj Ray initiated coverage of Harmony Gold with a Market Perform rating and $16 price target. Harmony is a South African senior gold producer with increasing copper exposure and geographical diversification, the analyst tells investors in a research note. The firm likes the company's operational setup but believes the stock's valuation is now broadly in line with peer average.
BMO Capital
Outperform -> Market Perform
downgrade
$11
2025-06-02
Reason
BMO Capital
Price Target
$11
2025-06-02
downgrade
Outperform -> Market Perform
Reason
BMO Capital downgraded MAC Copper to Market Perform from Outperform with a price target of $12.25, up from $11, after the company entered into a binding agreement with Harmony Gold Mining Company (HMY) and Harmony Gold Australia under which it is proposed that Harmony Australia will acquire 100% of the issued share capital in MAC. The firm has also updated its model and target price to fully reflect the outlook from MAC's Q1 activity report, the analyst tells investors in a research note.
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.
