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Harmony Gold Mining Company Lim (HMY) Stock Analysis

Buy WaitModerate Confidence

Basic Materials · Gold

Wait for pullback to $15.40. At $17.36 the A.R:R is 0.9:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $15.40 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Commodity cycle peak: fwd P/E 4.9× (below 12) + fwd/trail 0.46× (below 0.55). EPS just expanded off a commodity-price surge — forward estimate may be built on stale spot, mean-reversion risk unpriced.; Sector modifier (Basic Materials): -0.1.

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... Read more

$17.36+18.1% A.UpsideScore 6.5/10#18 of 32 Gold
QualityF-score8 / 9FCF yield146.42%
IncomeYield2.49%(5y avg 1.29%)Payout14.61%sustainable
Entry $15.40(Atr Pullback Sticky)Stop $13.66Target $19.56(analyst − 15%)A.R:R 0.9:1Setup A.R:R 2.6:1
Analyst target$23.01+32.6%3 analysts
$19.56our TP
$17.36price
$23.01mean
$27

Wait for pullback to $15.40. At $17.36 the A.R:R is 0.9:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $15.40 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Commodity cycle peak: fwd P/E 4.9× (below 12) + fwd/trail 0.46× (below 0.55). EPS just expanded off a commodity-price surge — forward estimate may be built on stale spot, mean-reversion risk unpriced.; Sector modifier (Basic Materials): -0.1. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Wide-moat business. Accumulate on weakness. Score 6.5/10, moderate confidence.

Passes 6/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 98d clear, semi cycle peak clear). Fails on favorable risk/reward ratio and materials cycle peak fwd=4.9x,ratio=0.46x. Suitability: moderate.

Recent Developments — Harmony Gold Mining Company Lim

Generated 2026-05-20T21:56:22Z.

Thesis

Rewards
V7 quality resilience bonus: +0.2 (Q=7.8 in RISK_OFF)
Earnings estimates trending UP
High-quality business
Risks
Commodity cycle peak: fwd P/E 4.9× (below 12) + fwd/trail 0.46× (below 0.55). EPS just expanded off a commodity-price surge — forward estimate may be built on stale spot, mean-reversion risk unpriced.
Sector modifier (Basic Materials): -0.1
Consecutive earnings misses (4)

Key Metrics

P/E (TTM)10.6
P/E (Fwd)4.9
Mkt Cap$10.3B
EV/EBITDA0.5
Profit Mgn20.1%
ROE33.5%
Rev Growth19.5%
Beta0.69
Dividend2.49%
Rating analysts11

Quality Signals

Piotroski F8/9MoatWideCompounder

Options Flow

P/C0.17bullish
IV63%elevated

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

3 floor-breakers·1 ceiling hit

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Growth Rank
0.4
Quality Rank
4.9
Value Rank
8.6

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

Bollinger
2.9
Support Resistance
3.3
52w Position
3.6
Gap
4.0

No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static

Earnings History
0.0
Surprise Avg
0.0
Earnings Timing
5.0
Dividend Safety
7.0
Erm
7.5
Earnings concerns: 0B/4MDividend: 249.0%
GatesA.R:R 0.9 < 1.5@spotMATERIALS CYCLE PEAK fwd=4.9x,ratio=0.46xMomentum 6.4>=5.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 98d clearSEMI CYCLE PEAK CLEARSuitability: Moderate
RSI
61 · Neutral
20D MA 50D MA 200D MADEATH CROSSSupport $15.01Resistance $18.60

Price Targets

$14
$15
$20
A.Upside+12.7%
A.R:R0.9:1
Setup A.R:R (at entry)2.6:1

Position Sizing

ConvictionHigh conviction
Suggested %0.5%
Max %1%
RegimeRisk-Off

Risk Alerts

! Reward/Risk 0.9:1 at current price — below 1.5:1 minimum
! MATERIALS_CYCLE_PEAK:fwd=4.9x,ratio=0.46x

Earnings

M
M
M
M
0/4 beats
Next Earnings2026-08-27 (98d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is HMY stock a buy right now?

Wait for pullback to $15.40. At $17.36 the A.R:R is 0.9:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $15.40 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Commodity cycle peak: fwd P/E 4.9× (below 12) + fwd/trail 0.46× (below 0.55). EPS just expanded off a commodity-price surge — forward estimate may be built on stale spot, mean-reversion risk unpriced.; Sector modifier (Basic Materials): -0.1. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Wide-moat business. Accumulate on weakness. Target $19.56 (+12.7%), stop $13.66 (−27.1%), Setup A.R:R 2.6:1. Score 6.5/10, moderate confidence.

What is the HMY stock price target?

Take-profit target: $19.56 (+18.1% upside). Target $19.56 (+12.7%), stop $13.66 (−27.1%), Setup A.R:R 2.6:1. Stop-loss: $13.66.

What are the risks of investing in HMY?

Commodity cycle peak: fwd P/E 4.9× (below 12) + fwd/trail 0.46× (below 0.55). EPS just expanded off a commodity-price surge — forward estimate may be built on stale spot, mean-reversion risk unpriced.; Sector modifier (Basic Materials): -0.1; Consecutive earnings misses (4).

Is HMY overvalued or undervalued?

Harmony Gold Mining Company Lim trades at a P/E of 10.6 (forward 4.9). TrendMatrix value score: 9.1/10. Verdict: Buy (Wait for Entry).

What do analysts say about HMY?

11 analysts cover HMY with a consensus score of 4.0/5. Average price target: $23.

What does Harmony Gold Mining Company Lim do?Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in...

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.

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