Harmony Gold Mining stock
HMYNYSEHarmony Gold Mining Company Limited, Basic MaterialsISIN US4132163001
67Score 67 out of 100, Neutral
Price and trend
57 / 100
Price history
−18% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 12% below it.
Since September 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 48).
The price is 41% below its 52-week high. Largest decline in 20 years: 97% (April 2007 to November 2015).
Chart figures for advanced users
- SMA 50$17.61
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$17.58
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)48
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$13.32
- The lowest closing price of the last twelve months.
- Resistance$26.04
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Harmony Gold Mining Company Limited belongs to the Gold industry (South Africa) and, with a market value of $9.68B, is number 21 of 52 companies in its industry on MEQIRI.
- This is an American depositary receipt (ADR).
- In fiscal 2026 it reported revenue of $6.27B (up 41.7% year on year) and earnings of $1.69B (up 96.2%).
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- MEQIRI Score 67 out of 100 (Neutral): rank 106 of 461 in Basic Materials, median 57.
- The P/E is 5.6 (Gold median 12, own median of recent years 10.4).
- Our model puts fair value at $5.80, with the price 166% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High return on capitalReturn on invested capital 63.8% in fiscal 2026, Gold median 12.3%.Profitability 84
- Earnings per share growingUp 39.9% a year since 2021.Growth 96
- Modestly valuedP/E 5.6, Gold median 12, own median 10.4.Valuation 55
Weaknesses
- Above fair valuePrice 166% above the fair value of $5.80.Valuation 55
- Margin may fall backOperating margin 44.6%, average of the prior years 15.5%, which ranged from −1.8% to 27.5%. After peaks like this, the margin was more than a quarter lower two years later in 44 of 100 cases, against 24 of 100 for other companies with high margins.
- Volatile share priceVolatility 64% a year over the last 12 months.Stability 64
Its standout strengths are growth and profitability, while momentum holds the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 68 to 67.
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high price swings
- high growth grade (crashed more often in the backtest)
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
Valuation
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $3.87 and expensive above $11.60 (uncertainty very high, based on the price swings of the past year).
The two parts of the fair value come to $4.93 (cash-flow model) and $6.66 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 17.7%. At 18.7% the fair value would be $5.49, at 16.7% it would be $6.20.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (12).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In fiscal 2026, revenue rose 41.7% on the prior year. Revenue has grown strongly since 2007, at around 13% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2026: gross 47%, operating 45%, net 27%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 3 Mar 2027in 110 days
- Last reported
- 27 Aug 2026in line with expectations
Analyst estimates
- Earnings per share
- 48.47−3.6%
- Revenue
- $6.39B−1.9%
- Earnings per share
- 61.13−2.5%
- Revenue
- $7.18B−0.7%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −9.8%Gold production target met for the 11th year in a row, outlook for capital spending and first copper production at Eva Copper maintained.
“Through safe, consistent operational delivery, disciplined execution and strategic investment, we achieved gold production guidance for the 11th consecutive financial year and delivered on all key operating guidance metrics.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 27 Aug 2026 (fiscal Q4 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Harmony Gold Mining
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
461 rated companies in Basic Materials
- This company
- 67
- Sector median
- 57
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Gold
The next larger and next smaller companies by market value
- Equinox GoldEQX $12.07B46
- Alamos GoldAGI $12.03B66
- Chifeng Jilong Gold Mining600988.SS $10.19B72
- IamgoldIAG $9.79B75
- Shanjin International Gold000975.SZ $9.35B73
- G Mining VenturesGMIN.TO $8.74B61
- Eldorado GoldEGO $8.31B58
- DPM MetalsDPM.TO $7.78B80
ETFs that hold Harmony Gold Mining
Held by 4 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| VanEck Junior Gold Miners UCITS ETFG2XJ | 1.61% | 0.55% | €1.06B |
| iShares Gold Producers UCITS ETF USD (Acc)IS0E | 1.14% | 0.55% | €3.8B |
| VanEck Gold Miners UCITS ETFG2X | 0.85% | 0.53% | €3.9B |
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| Avantis Emerging Markets Equity UCITS ETF USD AccAVEM | 0.14% | 0.35% | €284.54M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 30 Jun 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ZAR 16.7150)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 11 Nov 2026, previously Strong
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.