HMY$18.83
$19.92
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Performance
Key Stats
AI HMY Summary
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Powered by LiveAIOverall Analysis
BuyHarmony Gold Mining Company demonstrates solid fundamental strengths with a stable operating cash flow and a manageable debt level. While thematic tailwinds in the gold mining sector are present, current technical indicators suggest a cautious approach due to recent price weakness. Suitable for investors seeking exposure to precious metals with a focus on fundamental stability.
Thematic
Harmony Gold operates in the gold mining sector, which is influenced by global economic uncertainty, inflation hedging demand, and geopolitical risks. The company's diversification into Papua New Guinea and Australia provides some geographic hedging against South African operational risks. Emerging trends like ESG investing and the demand for ethically sourced metals are increasingly relevant.
Fundamental
Harmony Gold exhibits strong revenue growth and improving profitability, supported by a solid balance sheet with manageable debt and increasing cash reserves. The company's valuation metrics, such as P/E and P/S ratios, appear attractive relative to its recent performance.
Technical
The stock has experienced a significant decline (-4.11%) in the latest trading period, with its price trading below key short-term moving averages. While the 52-week range indicates prior strength, current momentum indicators suggest a potential for further downside or consolidation before a sustained uptrend resumes.
| Factor | Score |
|---|---|
| Precious Metals Demand | 75 |
| Geographic Diversification | 70 |
| ESG Compliance | 55 |
| Commodity Price Volatility | 60 |
| Factor | Score |
|---|---|
| Valuation | 70 |
| Profitability | 85 |
| Growth | 65 |
| Balance Sheet Health | 70 |
| Cash Flow | 80 |
| Dividend Yield | 30 |
| Factor | Score |
|---|---|
| Trend Analysis | 40 |
| Momentum | 55 |
| Volume Confirmation | 60 |
| Support & Resistance | 75 |
| Price Action | 45 |
AI Investing Checklist
Powered by LiveAIBullish Points (7)
Strong Revenue and Net Income Growth
Quarterly revenue grew by 24.5% year-over-year (from $49.28B to $61.38B), and net income saw a substantial increase of 78.1% (from $4.82B to $8.59B), indicating robust operational performance.
Improving Debt Position and Strong Cash Reserves
Debt has significantly decreased from $6.22B in Q2 2023 to $2.30B in Q2 2024, while cash and cash equivalents have increased from $2.87B to $4.69B, suggesting a strengthening balance sheet and improved financial flexibility.
Bearish Points (7)
Potentially High Valuation Metrics
The annual P/E ratio for 2024Q2 is 1.0 and for 2023Q2 is 0.5, which seems unusually low and may require further investigation into the underlying earnings for proper context. The P/S ratios of 0.1 are also very low.
Declining Revenue to Profit Conversion Metrics
While net income has increased, the Gross Profit margin appears to be shrinking relative to total revenue, with Operating Expenses representing a significant portion of revenue, and operating income being a smaller fraction of net income.
Calendar
April 2025
11
Ex-Dividend Date
April 2025
21
Next Dividend Date
September 2025
4
Next Earnings Date
H: $
A: $
L: $
Profile
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.
Seasonals
Price Target
15.89 USD
The 39 analysts offering 1 year price forecasts for HMY have a max estimate of 16.18 and a min estimate of 15.50.
Debt Level and Coverage
Financial Position Analysis
Ownership
Capital Structure
Valuation - Ratios
Revenue to Profit Conversion
Balance Sheet
Income Statement
Cash Flow
Related Companies
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