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Harmony Gold Mining Company Limited (HMY)



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Upturn Advisory Summary
03/27/2025: HMY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -18.3% | Avg. Invested days 29 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 9.39B USD | Price to earnings Ratio 16.78 | 1Y Target Price 12.61 |
Price to earnings Ratio 16.78 | 1Y Target Price 12.61 | ||
Volume (30-day avg) 6572822 | Beta 1.34 | 52 Weeks Range 7.97 - 15.22 | Updated Date 04/2/2025 |
52 Weeks Range 7.97 - 15.22 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 1.17% | Basic EPS (TTM) 0.9 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 15.68% | Operating Margin (TTM) 27.55% |
Management Effectiveness
Return on Assets (TTM) 16.66% | Return on Equity (TTM) 24.78% |
Valuation
Trailing PE 16.78 | Forward PE - | Enterprise Value 8596114706 | Price to Sales(TTM) 0.14 |
Enterprise Value 8596114706 | Price to Sales(TTM) 0.14 | ||
Enterprise Value to Revenue 2.36 | Enterprise Value to EBITDA 7.94 | Shares Outstanding 622182976 | Shares Floating 544752729 |
Shares Outstanding 622182976 | Shares Floating 544752729 | ||
Percent Insiders - | Percent Institutions 25.61 |
Analyst Ratings
Rating 3 | Target Price 10.76 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Harmony Gold Mining Company Limited

Company Overview
History and Background
Harmony Gold Mining Company Limited was founded in 1950. Initially focused on the Witwatersrand Basin in South Africa, it expanded its operations through strategic acquisitions and exploration, becoming a significant global gold producer.
Core Business Areas
- Underground Mining: Harmony extracts gold ore from deep underground mines in South Africa, which includes extracting, processing, and refining of gold.
- Surface Mining: Harmony extracts gold ore from surface mines. This form of extraction is generally cheaper than underground mining.
- Exploration and Development: Harmony invests in exploration projects to discover new gold deposits and develops existing resources to expand its mining operations.
Leadership and Structure
Peter Steenkamp serves as Chief Executive Officer. The company has a structured organizational hierarchy with various departments overseeing operations, finance, exploration, and sustainability. The board of directors provides strategic oversight and governance.
Top Products and Market Share
Key Offerings
- Gold Production: Harmony's primary product is gold bullion. They extract, process and sell gold on the open market. Harmony Gold's share of global gold production fluctuates but typically represents a moderate portion of the overall market. Competitors include Newmont Corporation, Barrick Gold Corporation, and AngloGold Ashanti.
Market Dynamics
Industry Overview
The gold mining industry is influenced by factors like gold prices, geopolitical stability, and production costs. Demand for gold is driven by investment, jewelry, and industrial applications.
Positioning
Harmony Gold is positioned as a mid-tier gold producer focusing on South African operations. Its competitive advantages include its experience in deep-level mining and a focus on cost optimization. Its future strategic positioning hinges on efficiency and productivity and innovation.
Total Addressable Market (TAM)
The global gold market is estimated to be worth hundreds of billions of dollars. Harmony Gold's position within the TAM is dependent on its annual production output and sales relative to larger competitors. Their TAM is the worldwide gold market and is dependent on their level of productivity and efficiency within their mines.
Upturn SWOT Analysis
Strengths
- Extensive experience in deep-level mining
- Significant gold reserves
- Focus on operational efficiency
- Strong relationships with local communities
Weaknesses
- High operational costs compared to some peers
- Dependence on South African operations
- Exposure to political and regulatory risks in South Africa
- Deep level mining presents technological and logistical challenges.
Opportunities
- Exploration and development of new gold deposits
- Expansion into other mining commodities
- Technological advancements in mining techniques
- Increased gold prices
Threats
- Fluctuations in gold prices
- Increased mining costs (energy, labor)
- Geopolitical instability in South Africa
- Environmental regulations and community relations
Competitors and Market Share
Key Competitors
- NEM
- GOLD
- AU
- BVN
Competitive Landscape
Harmony Gold faces stiff competition from larger, more diversified gold producers. Its advantages lie in its South African expertise and deep-level mining capabilities. Disadvantages include higher costs and geographic concentration.
Major Acquisitions
AngloGold Ashanti's South African Assets
- Year: 2020
- Acquisition Price (USD millions): 300
- Strategic Rationale: Significantly increased Harmony's South African gold production and expanded its reserve base.
Growth Trajectory and Initiatives
Historical Growth: Discuss Harmony Gold Mining Company Limited's growth trends over the past years. Data will require frequent updating due to quarterly reporting.
Future Projections: Provide projections for Harmony Gold Mining Company Limited's future growth based on analyst estimates. Data will require frequent updating due to quarterly reporting.
Recent Initiatives: Highlight recent strategic initiatives undertaken by Harmony Gold Mining Company Limited. Data will require frequent updating due to quarterly reporting.
Summary
Harmony Gold is a mid-tier gold producer with a focus on South African operations. It benefits from extensive experience in deep-level mining and cost optimization efforts. The company faces challenges related to operational costs, geopolitical risks, and gold price volatility. Strategic acquisitions and exploration efforts offer opportunities for future growth and diversification. The company needs to focus on increasing efficiency to better compete.
Similar Companies

AU

AngloGold Ashanti plc



AU

AngloGold Ashanti plc

GOLD

Barrick Gold Corp



GOLD

Barrick Gold Corp

IAG

IAMGold Corporation



IAG

IAMGold Corporation

NEM

Newmont Goldcorp Corp



NEM

Newmont Goldcorp Corp
Sources and Disclaimers
Data Sources:
- Harmony Gold Mining Company Limited's annual reports
- Industry reports from mining analysts
- Financial news sources
- Yahoo Finance
- Google Finance
Disclaimers:
The data provided is based on publicly available information and analyst estimates, which are subject to change. This analysis is for informational purposes only and does not constitute financial advice. Market share data may be estimated.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Harmony Gold Mining Company Limited
Exchange NYSE | Headquaters - | ||
IPO Launch date 1996-09-30 | Group CEO & Executive Director Mr. Beyers B. Nel BEng, BSc, MBA | ||
Sector Basic Materials | Industry Gold | Full time employees 34715 | Website https://www.harmony.co.za |
Full time employees 34715 | Website https://www.harmony.co.za |
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australasia. The company explores for gold, uranium, silver, and copper deposits. It has eight underground operations in the Witwatersrand Basin; the Kraaipan Greenstone Belt; and various surface source operations in South Africa. In addition, the company owns interests in the Hidden Valley, an open-pit gold and silver mine; and the Wafi-Golpu project located in Morobe Province in Papua New Guinea. Further, it holds interest in Rosby and Eva Copper Project located in Queensland, Australia. The company was incorporated in 1950 and is based in Randfontein, South Africa.
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