HMY

Harmony Gold Mining Company Ltd

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Advanced Chart

15.320

-0.310(-1.980%)

Overview
Forecast
Valuation

Line

Candle

YTD

High

15.560

Open

15.540

VWAP

15.43

Vol

1.22M

Mkt Cap

9.72B

Low

15.230

Amount

18.87M

EV/EBITDA(TTM)

7.96

Total Shares

632.59M

174.64B

EV/OCF(TTM)

9.27

P/S(TTM)

2.72

Harmony Gold Mining Company Limited is a South Africa-based gold mining and exploration company. The Company is engaged in gold mining and related activities, including exploration, extraction, and processing. The Company's segments include South Africa Underground, Surface, and International. In South Africa, its underground operations are located within the Witwatersrand Basin, which includes approximately 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, the Company operates the Hidden Valley mine and Wafi-Golpu project. In Australia, the Company owns the Eva Copper Mine Project. The Eva Copper Mine Project is an iron-oxide copper-gold resource located in Northwest Queensland, Australia.

1 Analyst Rating

-3.85% Downside

Wall Street analysts forecast HMY stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HMY is 14.73 USD with a low forecast of 14.73 USD and a high forecast of 14.73 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.

0 Buy

1 Hold

0 Sell

Hold

-3.85% Downside

Current: 15.320

Low

14.73

Averages

14.73

High

14.73

-3.85% Downside

Current: 15.320

Low

14.73

Averages

14.73

High

14.73

JP Morgan

Catherine Cunningham

Hold

Maintains

$8.2 → $8.4

2024-11-12

Reason

JP Morgan

Catherine Cunningham

Price Target

$8.2 → $8.4

2024-11-12

Maintains

Hold

Reason

JP Morgan

Catherine Cunningham

Sell

Hold

Upgrades

$4.9 → $8.2

2024-10-10

Reason

JP Morgan

Catherine Cunningham

Price Target

$4.9 → $8.2

2024-10-10

Upgrades

Sell

Hold

Reason

JPMorgan analyst Catherine Cunningham upgraded Harmony Gold to Neutral from Underweight with a price target of $8.20, up from $4.90, as part of a broader research note on Metals and Mining. Metal prices have been quick to react to China economic policy announcements but do not appear to assign significant risk premia to trade-related outcomes, specifically higher tariffs, despite this being a potential risk mentioned by clients post the U.S. Presidential election, the analyst tells investors in a research note. The firm adds however that in contrast to industrial metals, gold equities carry significant upside to the firm's price targets, stating that JPMorgan is bullish on gold heading into the Fed cutting cycle and geopolitical risk. Harmony is the most leveraged to gold prices in the firm's coverage as JPMorgan is raising its 2025 forward curve gold price by 11%, the firm noted.

JP Morgan

Patrick Jones

Sell

Maintains

$5.8 → $4.8

2024-07-03

Reason

JP Morgan

Patrick Jones

Price Target

$5.8 → $4.8

2024-07-03

Maintains

Sell

Reason

JP Morgan

Patrick Jones

Sell

Maintains

$5.1 → $5.8

2024-05-28

Reason

JP Morgan

Patrick Jones

Price Target

$5.1 → $5.8

2024-05-28

Maintains

Sell

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Harmony Gold Mining Company Ltd (HMY.N) is 11.79, compared to its 5-year average forward P/E of 8.82. For a more detailed relative valuation and DCF analysis to assess Harmony Gold Mining Company Ltd 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

8.82

Current PE

11.79

Overvalued PE

12.98

Undervalued PE

4.65

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Strongly Overvalued

5Y Average EV/EBITDA

3.65

Current EV/EBITDA

5.52

Overvalued EV/EBITDA

4.47

Undervalued EV/EBITDA

2.83

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Strongly Overvalued

5Y Average PS

1.07

Current PS

2.27

Overvalued PS

1.45

Undervalued PS

0.68