Harmony Gold Mining Company (HMY) Fair Value & Analysis
Basic Materials · US · Market cap $10.7B
Harmony Gold Mining Company
HMY · US
Fair value as of: Jun 24, 2026
From 25 valuation models · updated 8 days ago
Fair value updated Jun 24, 2026 — revised from $25.87 to $23.68 (−8.5%) since Jun 23, 2026. Share price −8.9% over the past month.
Price vs Fair Value (12 months)
12‑month range $11.80 – $24.47 · fair‑value band $16.91 – $33.36 · the $15.41 price screens below the $23.68 fair value. As of Jun 24, 2026.
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Harmony Gold Mining Company (HMY) currently trades at $15.41, while our model-based Fair Value estimate is $23.68 — implying the stock looks roughly 53.7% undervalued today. We read business quality at 60/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, Harmony Gold Mining Company generated revenue of $81.2B at a net margin of 20.1%. Revenue grew 19.5% year over year. It earns a return on equity of 33.5%. The balance sheet holds a net cash position of $10.9B. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia. The company explores for gold, uranium, silver, and copper deposits. It has nine 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 Eva Copper Project located in Queensland, Australia. Harmony Gold Mining Company Limited was incorporated in 1950 and is based in Randfontein, South Africa.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Harmony Gold Mining Company reported revenue of $73.9B in FY2025 versus $41.7B in FY2021, a compound +15.4%/yr. Reported net income was $14.4B in FY2025, compounding +29.7%/yr from FY2021.
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Recent news
- Why Harmony Gold Mining Stock Plummeted by Almost 12% This Week
- Harmony Gold (HMY) Upgraded to Buy: Here's What You Should Know
- Gold and mining shares rise as U.S.-Iran deal eases rate-hike fears
- Is Allied Gold Corporation (AAUC) A Good Stock To Buy Now?
External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.
Similar stocks
6 more Gold stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Newmont Corporation NEMCL | $112.00 | $141.64 | +26% |
| Zijin Mining Group 601899 | ¥30.44 | ¥62.26 | +105% |
| NEM NEM | A$143.47 | A$188.70 | +32% |
| Agnico Eagle Mines Limited AEM | $176.75 | $225.34 | +27% |
| Barrick Mining Corporation B | $40.14 | $64.02 | +59% |
| Wheaton Precious Metals Corp SII | €105.35 | €52.47 | -50% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.