undamentalytics Newsletter
Sign in

Harmony Gold Mining Co LTD (HMY) stock

Add to watchlist

Add holding +

NYSE: HMY NYSE Gold

C Fundamentals grade

Harmony Gold Mining Co LTD is a US-listed company in the gold industry. Its financial year ends in June.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$41

Cash-flow model

Base case. Range ~$31–$54 across our lower- and higher-growth cases (8%–18% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 171% above it.

Price used: $15.20, November 2, 2026

Harmony Gold Mining Co LTD valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds126 adding, 125 cuttingOf 34 active managers that changed their stake, 13 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Harmony Gold Mining files

Where Harmony Gold Mining Co LTD stands after its latest Filing

Revenue for the twelve months was $5.88bn, up 44.4% on a year earlier, faster than the 24.0% growth a quarter earlier. Free-cash-flow margin rose to 15.9% from 1.7% a year earlier. Operating margin widened to 41.2% from -1.8%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 5 of our 6 financial-health checks. Our cash-flow model value is $41.13 a share, against a share price of $14.45.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Harmony Gold Mining Co LTD's trailing-twelve-month revenue grew 44.4% year on year, with a free-cash-flow margin of 15.9%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 18 gold companies we cover. Where it lags: free-cash-flow margin of 15.9% ranks 19 of 22 gold companies we cover.

Our discounted-cash-flow model values the business at ~$41 per share in the base case (~$31–$54 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 57.1% while net income grew 119.4%: a 62pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $15.20 is 171% below our value per share of $41.
  • Fast growth. Revenue grew 44.4% over the last 12 months, against a median of 55.1% for gold companies we cover.
  • Growth speeding up. The growth rate is 20.4 points higher than a quarter earlier.
  • High operating margin. 41.2% of revenue is left as operating profit, against a median of 41.2% for gold companies we cover.
  • Margins widening. Operating margin is up 13.7 points on a year ago.

Things to watch

  • Weak cash conversion. Free cash flow was 54% of net income over the last 12 months.
  • Below peers: free-cash-flow margin. Free-cash-flow margin of 15.9% ranks 19 of 22 gold companies we cover (median 28.2%).
  • Below peers: gross margin. Gross margin of 44.9% ranks 17 of 21 gold companies we cover (median 53.5%).

Price chart

  • 1 day+5.2%
  • 1 week-4.4%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.9B
Operating margin
41.2%
Net margin
29.6%
EPS (TTM, diluted)
$2.74

Growth

Revenue growth
+44.4%
Change in growth rate
+20.4 pts
Share count change
+0.8%

Cash

Free cash flow (TTM)
$934M
FCF margin
15.9%
Stock pay % of revenue
0.8%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for HMY from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Harmony Gold Mining Co LTD valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 4.1% a year for five years.That is slower than the 16.6% a year revenue growth Harmony Gold Mining has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in-4.1%
  • Last 12 months44.4%
  • 3 years a year28.4%
  • 5 years a year16.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($15.41, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$41
Price used
$15.41close November 3, 2026
Implied change
▲ +167%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Harmony Gold Mining Co LTD's free cash flow after stock-based pay with after-tax interest added back ($845M, FY2026 Q4 TTM), growing 13% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$31–~$54 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Harmony Gold Mining Co LTD's free cash flow after stock-based pay ( $845M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Harmony Gold Mining Co LTD as an operating company, with every model that fits that kind of business. Cost of equity 10.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.31 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$41 ~$31–$54 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$41 ~$35–$74 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$23 ~$17–$32 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$18 ~$16–$21 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$33 ~$18–$41 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Harmony Gold Mining Co LTD with Gold in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −6%
  • Last year's free-cash-flow margin change, if it persists ▲ +8%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $19$26$35$47$63$83
8.5% $15$20$26$35$46$60
10% $12$16$21$27$36$47

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Harmony Gold Mining Co LTD: too few analysts cover it.

Analyst recommendations

3 analysts, Nov 2026
Buy133%
Hold267%
Sell00%

Monthly trend

  1. Nov 2026123
  2. Oct 2026123
  3. Sep 2026123

Counts of recommendations published by analysts covering Harmony Gold Mining Co LTD, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.5%
of tradable shares
Days to cover
2.99
at average volume
Short interest, 1 month
+11%
to October 15, 2026
Held by institutions
16%
of shares
Held by insiders
0.0%
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Options strategies

All options ideas

How Harmony Gold Mining Co LTD’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Harmony Gold Mining Co LTD in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Harmony Gold Mining Co LTD
$0 $2B $4B $6B FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY26 Q4 Revenue (TTM), FY17 Q4: $1.4B Revenue (TTM), FY18 Q4: $1.6B Revenue (TTM), FY19 Q4: $1.9B Revenue (TTM), FY20 Q4: $1.9B Revenue (TTM), FY21 Q4: $2.7B Revenue (TTM), FY22 Q4: $2.8B Revenue (TTM), FY23 Q4: $2.8B Revenue (TTM), FY24 Q4: $3.3B Revenue (TTM), FY25 Q4: $4.1B Revenue (TTM), FY26 Q4: $5.9B $5.9B

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue (TTM)
FY17 Q4 $1.4B
FY18 Q4 $1.6B
FY19 Q4 $1.9B
FY20 Q4 $1.9B
FY21 Q4 $2.7B
FY22 Q4 $2.8B
FY23 Q4 $2.8B
FY24 Q4 $3.3B
FY25 Q4 $4.1B
FY26 Q4 $5.9B
Revenue growth, TTM YoY Harmony Gold Mining Co LTD
-20% 0% 20% 40% 60% FY18 Q4 FY20 Q4 FY22 Q4 FY24 Q4 FY26 Q4 Revenue growth, TTM YoY, FY18 Q4: 11.2% Revenue growth, TTM YoY, FY19 Q4: 18.9% Revenue growth, TTM YoY, FY20 Q4: -1.0% Revenue growth, TTM YoY, FY21 Q4: 44.8% Revenue growth, TTM YoY, FY22 Q4: 3.1% Revenue growth, TTM YoY, FY23 Q4: -1.1% Revenue growth, TTM YoY, FY24 Q4: 18.2% Revenue growth, TTM YoY, FY25 Q4: 24.0% Revenue growth, TTM YoY, FY26 Q4: 44.4% 44.4%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Revenue growth, TTM YoY
FY18 Q4 11.2%
FY19 Q4 18.9%
FY20 Q4 -1.0%
FY21 Q4 44.8%
FY22 Q4 3.1%
FY23 Q4 -1.1%
FY24 Q4 18.2%
FY25 Q4 24.0%
FY26 Q4 44.4%
Operating margin (TTM) Harmony Gold Mining Co LTD
-40% -20% 0% 20% 40% 60% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY26 Q4 Operating margin (TTM), FY17 Q4: -5.1% Operating margin (TTM), FY18 Q4: -22.8% Operating margin (TTM), FY19 Q4: -9.4% Operating margin (TTM), FY20 Q4: -1.2% Operating margin (TTM), FY21 Q4: 15.5% Operating margin (TTM), FY22 Q4: -1.8% Operating margin (TTM), FY23 Q4: 14.4% Operating margin (TTM), FY24 Q4: 18.2% Operating margin (TTM), FY25 Q4: 27.5% Operating margin (TTM), FY26 Q4: 41.2% 41.2%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period Operating margin (TTM)
FY17 Q4 -5.1%
FY18 Q4 -22.8%
FY19 Q4 -9.4%
FY20 Q4 -1.2%
FY21 Q4 15.5%
FY22 Q4 -1.8%
FY23 Q4 14.4%
FY24 Q4 18.2%
FY25 Q4 27.5%
FY26 Q4 41.2%
FCF margin (TTM) Harmony Gold Mining Co LTD
-5% 0% 5% 10% 15% 20% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY26 Q4 FCF margin (TTM), FY17 Q4: -0.4% FCF margin (TTM), FY18 Q4: -3.3% FCF margin (TTM), FY19 Q4: -1.3% FCF margin (TTM), FY20 Q4: 3.8% FCF margin (TTM), FY21 Q4: 9.7% FCF margin (TTM), FY22 Q4: 1.7% FCF margin (TTM), FY23 Q4: 4.7% FCF margin (TTM), FY24 Q4: 11.8% FCF margin (TTM), FY25 Q4: 14.6% FCF margin (TTM), FY26 Q4: 15.9% 15.9%

Source: SEC EDGAR filings. Retrieved November 1, 2026.

View chart data
Period FCF margin (TTM)
FY17 Q4 -0.4%
FY18 Q4 -3.3%
FY19 Q4 -1.3%
FY20 Q4 3.8%
FY21 Q4 9.7%
FY22 Q4 1.7%
FY23 Q4 4.7%
FY24 Q4 11.8%
FY25 Q4 14.6%
FY26 Q4 15.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Harmony Gold Mining took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $5.9B
  2. Cost of revenue $3.2B · 55.1%
  3. Gross profit $2.6B · 44.9%
  4. Selling, general and admin $117M · 2.0%
  5. Other operating costs $102M · 1.7%
  6. Operating income $2.4B · 41.2%
  7. Income tax $528M · 9.0%
  8. Interest and other $157M · 2.7%
  9. Net income $1.7B · 29.6%

Shares of revenue. Source: Harmony Gold Mining's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 1,437 1,597 1,899 1,880 2,723 2,808 2,777 3,282 4,071 5,879
Gross profit −28 −246 −138 215 407 47 549 747 1,329 2,641
EBITDA 112 −163 107 203 674 193 595 850 1,394 2,858
Operating income −73 −364 −179 −23 421 −50 400 596 1,120 2,423
Net income 27 −349 −184 −56 332 −69 272 438 792 1,739
Diluted EPS $0.06 −$0.78 −$0.35 −$0.11 $0.54 −$0.11 $0.44 $0.70 $1.26 $2.74
Growth (year on year)
Revenue — +11.2% +18.9% −1.0% +44.8% +3.1% −1.1% +18.2% +24.0% +44.4%
EBITDA — −245.2% — +89.3% +232.6% −71.4% +208.4% +42.9% +64.1% +105.0%
Operating income — — — — — −111.8% — +49.0% +87.9% +116.3%
Net income — — — — — −120.9% — +61.3% +80.8% +119.4%
Diluted EPS — — — — — −121.0% — +59.0% +81.0% +117.7%
Margins
Gross margin −1.9% −15.4% −7.3% 11.4% 15.0% 1.7% 19.8% 22.8% 32.7% 44.9%
EBITDA margin 7.8% −10.2% 5.6% 10.8% 24.7% 6.9% 21.4% 25.9% 34.2% 48.6%
Operating margin −5.1% −22.8% −9.4% −1.2% 15.5% −1.8% 14.4% 18.2% 27.5% 41.2%
Net margin 1.9% −21.9% −9.7% −3.0% 12.2% −2.5% 9.8% 13.4% 19.5% 29.6%
Free-cash-flow margin −0.4% −3.3% −1.3% 3.8% 9.7% 1.7% 4.7% 11.8% 14.6% 15.9%
Cash flow
Cash from operations 280 303 330 304 599 456 561 837 1,248 1,991
Capital spending 287 356 355 232 336 409 431 449 653 1,057
Free cash flow −6 −53 −25 72 263 47 130 388 595 934
Stock-based pay 29 28 16 12 10 10 6 13 39 45
Free cash flow after stock pay −35 −81 −41 60 253 37 124 374 556 889
Balance sheet
Cash 95 51 70 366 197 150 152 257 739 526
Total debt 0 409 418 445 235 197 302 98 110 578
Net debt (negative = net cash) −95 358 348 78 38 46 150 −159 −629 52
Diluted shares 459m 465m 533m 547m 616m 615m 620m 630m 629m 634m
Returned to shareholders
Dividends 32 12 0 0 45 28 9 77 116 264
Total returned 32 12 0 0 45 28 9 77 116 264

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 6 checks passed · June 30, 2026
What it owns · $7.7bn
Short-term assets $1.2bnLonger-term assets $6.4bn
What it owes, and who funded it · $6.1bn
Short-term liabilities $1.5bnShareholders' equity $4.6bn
  • Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $1.5bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $526m of cash against $0 of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 10% to 0% over five years.
  • A year's operating cash flow covers at least 20% of debt No debt to cover.
  • Operating profit covers interest at least five times over Operating income of $2.4bn against $64m of interest.

From Harmony Gold Mining Co LTD's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$264M
Returned to shareholders
28%
of free cash flow
Diluted share count
+0.8%
year over year
Total shareholder yield
2.8%
dividends 2.8% + buybacks 0.0% of market value
Dividend payout ratio
15%
of net income paid out
Days sales outstanding
23 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in gold
Last 12 months unless stated HMY GFI PAAS AU CDE AEM Median
Revenue, last 12 months $5.9bn $8.8bn $3.6bn $9.9bn $3.2bn $11.9bn $1.8bn
Revenue growth, last 12 months 44.4% 68.2% 28.4% 70.8% 117.3% 43.7% 53.7%
Gross margin 44.9% 57.9% 38.8% 49.2% 27.2% 71.9% 51.2%
Operating margin 41.2% — 34.1% — 33.8% 48.3% 41.2%
Operating margin, 3-year average 5.6% — 25.6% — 18.5% — 26.0%
Net margin 29.6% 40.8% 27.1% 32.1% 26.8% 37.5% 30.0%
Cash from operations / revenue 33.9% 43.1% 36.8% 48.4% 46.2% 57.2% 45.3%
Free-cash-flow margin 15.9% 27.1% 28.2% 23.4% 36.5% 36.9% 27.1%
Free-cash-flow margin, 3-year average 4.7% 8.9% 15.8% — 9.0% 14.6% 13.8%
Stock pay / revenue 0.8% 0.3% — — 0.9% 0.8% 0.8%
Change in share count 0.8% 0.2% 5.0% 18.1% 53.8% 0.5% 2.9%

Median of all 24 companies we cover in gold. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

24 gold companies
Measure Company Peer median Rank
Revenue growth Growth 44.4% 55.1% 17 of 24
Change in growth rate Growth +20.4pp +20.4pp 12 of 23
Gross margin Profitability 44.9% 53.5% 17 of 21
Operating margin Profitability 41.2% 41.2% 9 of 18
Net margin Profitability 29.6% 30.4% 13 of 24
Free-cash-flow margin Cash generation 15.9% 28.2% 19 of 22
Stock pay as % of revenue Cash generation 0.8% 0.9% 6 of 18
Long-term debt as % of assets Balance sheet 0.0% 7.3% 1 of 18
Change in share count Balance sheet 0.8% 3.0% 10 of 24
Days sales outstanding Balance sheet 23 days 16 days 13 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$1.3B
Institutions reporting
235
Shares held vs prior quarter
▼ 20.9%
Positions opened / closed
48 / 48

Top buyers and sellers, Q2 2026: 126 institutions bought and 125 sold ; the biggest buyer was Alps Advisors Inc (+988K shares) and the biggest seller Acadian Asset Management LLC (−5.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Van Eck Associates Corp $453M 29.8M 35.9% ▼ 3.7%
Blackrock, Inc. $91.8M 6.0M 7.3% ▲ 2.4%
AQR Capital Management LLC $76.6M 5.1M 6.1% ▼ 14.7%
American Century Companies Inc $70.5M 4.6M 5.6% ▲ 2.6%
Dimensional Fund Advisors LP $66.2M 4.4M 5.2% ▼ 17.3%
Lazard Asset Management LLC $39.9M 2.6M 3.2% ▼ 12.1%
D. E. Shaw & Co., Inc. $28.5M 1.9M 2.3% ▼ 21.6%
Hamilton Capital Partners Inc. $22.5M 1.5M 1.8% ▲ 8.4%
Millennium Management LLC $17.6M 1.2M 1.4% ▲ 7.7%
Alps Advisors Inc $17.1M 1.1M 1.4% ▲ 723.2%
Goldman Sachs Group Inc $16.4M 1.1M 1.3% ▲ 6.4%
Bank Of America Corp $16.2M 1.1M 1.3% ▲ 726.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Harmony Gold Mining Co LTD's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

  • 6-K 6-K
  • 20-F 20-F
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K
  • 6-K 6-K

Data status

When each part of this page on Harmony Gold Mining Co LTD was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Harmony Gold Mining Co LTD in brief

What does Harmony Gold Mining Co LTD do?
Harmony Gold Mining Co LTD is a US-listed company in the gold industry. Its financial year ends in June.
What is Harmony Gold Mining Co LTD's stock ticker?
Harmony Gold Mining Co LTD trades under the ticker HMY on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Harmony Gold Mining Co LTD's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Harmony Gold Mining Co LTD reported revenue of $5.9B, 44.4% higher than a year earlier, according to its SEC filings.
What is Harmony Gold Mining Co LTD's free cash flow?
Harmony Gold Mining Co LTD's free-cash-flow margin is 15.9% of revenue over the trailing twelve months, ranking 19 of the 22 gold companies we cover.
What is Harmony Gold Mining Co LTD's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Harmony Gold Mining Co LTD's free cash flow after stock-based pay gives ~$41 per share in the base case, and ~$31–$54 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Harmony Gold Mining Co LTD's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Van Eck Associates Corp, Blackrock, Inc. and AQR Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Does Harmony Gold Mining Co LTD pay a dividend?
Yes: Harmony Gold Mining Co LTD paid $264M in dividends over the trailing twelve months, a dividend yield of 2.75% and a payout ratio of 15.2%.
How much debt does Harmony Gold Mining Co LTD have?
Harmony Gold Mining Co LTD's debt-to-equity ratio is 0.0%, from its latest balance sheet (9.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Harmony Gold Mining Co LTD's competitors?
In our Gold peer group, the companies closest to Harmony Gold Mining Co LTD are Gold Fields LTD, PAN American Silver Corp, Anglogold Ashanti PLC, Coeur Mining, Inc. and Agnico Eagle Mines LTD. The side-by-side comparison below sets their revenue, margins and growth against Harmony Gold Mining Co LTD's.