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Harmony Gold Mining Company Limited logo

Harmony Gold Mining Company Limited

HMY

NYSEBasic MaterialsGold

Open in GoAI

Latest quote

$23.55

+$1.52 · +6.90%

Aug 21, 3:55 PM ET

HMY company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

92

Deep Value

Momentum

29

Weakening

Sentiment

59

Mixed

Risk resilience

43

Elevated Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

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.

Industry
Gold
Sector
Basic Materials
Headquarters
ZA
CEO
Beyers Nel
Listed since
May 17, 1994
Employees
34,350

Market position

Volume
5.11M
1.26× average
Average volume
4.07M
Average daily volume
Market cap
14.71B USD
Beta
0.79
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
14.51×
P/B (TTM)
4.52×
P/S (TTM)
2.74×
Dividend yield
1.82%

Profitability & efficiency

Gross margin
42.35%
Operating margin
35.82%
Net margin
19.01%

Financial health

Debt / equity
0.25×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends44%27%10%-7%Gross margin, FY2021: 14.56%Gross margin, FY2022: 1.68%Gross margin, FY2023: 19.77%Gross margin, FY2024: 23.05%Gross margin, FY2025: 39.65%Operating margin, FY2021: 15.46%Operating margin, FY2022: -1.77%Operating margin, FY2023: 14.40%Operating margin, FY2024: 19.02%Operating margin, FY2025: 27.55%Net margin, FY2021: 12.19%Net margin, FY2022: -2.47%Net margin, FY2023: 9.78%Net margin, FY2024: 13.99%Net margin, FY2025: 19.47%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 14.56%. Gross margin FY2022 1.68%. Gross margin FY2023 19.77%. Gross margin FY2024 23.05%. Gross margin FY2025 39.65%. Operating margin FY2021 15.46%. Operating margin FY2022 -1.77%. Operating margin FY2023 14.40%. Operating margin FY2024 19.02%. Operating margin FY2025 27.55%. Net margin FY2021 12.19%. Net margin FY2022 -2.47%. Net margin FY2023 9.78%. Net margin FY2024 13.99%. Net margin FY2025 19.47%.

Income trends

Revenue

73.9B USD+20.39%

Operating income

20.36B USD+74.35%

Net income

14.38B USD+67.51%
Income trends across reported periods81.39B USD51.41B USD21.43B USD−8.55B USDRevenue, FY2021: 41.73B USDRevenue, FY2022: 42.65B USDRevenue, FY2023: 49.28B USDRevenue, FY2024: 61.38B USDRevenue, FY2025: 73.9B USDOperating income, FY2021: 6.45B USDOperating income, FY2022: −755M USDOperating income, FY2023: 7.1B USDOperating income, FY2024: 11.68B USDOperating income, FY2025: 20.36B USDNet income, FY2021: 5.09B USDNet income, FY2022: −1.05B USDNet income, FY2023: 4.82B USDNet income, FY2024: 8.59B USDNet income, FY2025: 14.38B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 41.73B USD. Revenue FY2022 42.65B USD. Revenue FY2023 49.28B USD. Revenue FY2024 61.38B USD. Revenue FY2025 73.9B USD. Operating income FY2021 6.45B USD. Operating income FY2022 −755M USD. Operating income FY2023 7.1B USD. Operating income FY2024 11.68B USD. Operating income FY2025 20.36B USD. Net income FY2021 5.09B USD. Net income FY2022 −1.05B USD. Net income FY2023 4.82B USD. Net income FY2024 8.59B USD. Net income FY2025 14.38B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue73.9B USD61.38B USD49.28B USD42.65B USD41.73B USD
Cost of goods sold44.59B USD47.23B USD39.54B USD41.93B USD35.66B USD
Gross profit29.3B USD14.15B USD9.74B USD718M USD6.08B USD
Selling, general, and administrative2.56B USD1.29B USD1.55B USD984M USD1.25B USD
Operating expenses8.95B USD2.47B USD2.65B USD9.81B USD5.13B USD
Interest income806M USD690M USD425M USD276M USD265M USD
Interest expense—796M USD994M USD718M USD661M USD
Depreciation and amortization4.84B USD4.64B USD3.45B USD3.68B USD3.88B USD
Operating income20.36B USD11.68B USD7.1B USD−755M USD6.45B USD
Net income14.38B USD8.59B USD4.82B USD−1.05B USD5.09B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
67%
2 beats, 1 miss, 0 met estimates
Average EPS surprise
+56.35%
3 comparable reports
Latest EPS result
0.87
Estimate 0.96 · Miss by 9.01%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates6.784.552.330.1Q1 '24No estimateQ2 '24No estimateQ3 '24No estimateQ4 '24No estimateQ1 '25No estimateQ3 '25BeatQ1 '26MissQ3 '26Estimate
Q1 2024, reported Feb 28, 2024: actual 0.521, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 30, 2024: actual 2.09, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 5, 2024: actual 0.113, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 28, 2024: actual 6.29, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 4, 2025: actual 0.661, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual 0.583, estimate 0.57, surprise +2.28%, Beat. Q1 2026, reported Mar 11, 2026: actual 0.869, estimate 0.955, surprise -9.01%, Miss. Q3 2026, reported Aug 27, 2026: actual —, estimate 1.29, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates19.93B13.72B7.52B1.31BQ1 '24No estimateQ2 '24No estimateQ3 '24BeatQ4 '24No estimateQ1 '25No estimateQ3 '25No estimateQ1 '26MissQ3 '26Estimate
Q1 2024, reported Feb 28, 2024: actual 1.72B USD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 30, 2024: actual 14.98B USD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Sep 5, 2024: actual 1.65B USD, estimate 1.54B USD, surprise +6.99%, Beat. Q4 2024, reported Nov 28, 2024: actual 18.57B USD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 4, 2025: actual 1.95B USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 28, 2025: actual 2.08B USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 11, 2026: actual 2.7B USD, estimate 2.76B USD, surprise -2.44%, Miss. Q3 2026, reported Aug 27, 2026: actual —, estimate 3.2B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Recent analyst actions

2 institutions

HMY peers

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ETFs holding HMY

Funds reporting this stock among their holdings, ordered by reported position size.

VanEck Gold Miners ETF logoVanEck Gold Miners ETFGDX
Market value
364.1M
Weight
1.17%
AUM
31.98B USD
Expense ratio
0.51%
Price / 1D
$102.83+2.98%
VanEck Junior Gold Miners ETF logoVanEck Junior Gold Miners ETFGDXJ
Market value
217.45M
Weight
2.27%
AUM
9.86B USD
Expense ratio
0.52%
Price / 1D
$132.59+2.67%
Avantis Emerging Markets Equity ETF logoAvantis Emerging Markets Equity ETFAVEM
Market value
58.59M
Weight
0.21%
AUM
27.89B USD
Expense ratio
0.33%
Price / 1D
$94.24+0.75%
Sprott Gold Miners ETF logoSprott Gold Miners ETFSGDM
Market value
26.5M
Weight
3.49%
AUM
758.81M USD
Expense ratio
0.46%
Price / 1D
$85.485+2.75%
U.S. Global GO GOLD and Precious Metal Miners ETF logoU.S. Global GO GOLD and Precious Metal Miners ETFGOAU
Market value
10.09M
Weight
4.57%
AUM
163.22M USD
Expense ratio
0.60%
Price / 1D
$49.7798+2.55%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
9.38M
Weight
0.08%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$38.16+0.82%
Dimensional - Emerging Markets Core Equity 2 ETF logoDimensional - Emerging Markets Core Equity 2 ETFDFEM
Market value
8.82M
Weight
0.09%
AUM
9.49B USD
Expense ratio
0.39%
Price / 1D
$39.93+0.50%
Dimensional - Emerging Core Equity Market ETF logoDimensional - Emerging Core Equity Market ETFDFAE
Market value
5.68M
Weight
0.06%
AUM
10B USD
Expense ratio
0.29%
Price / 1D
$39.49+0.51%

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