US · HMY
Harmony Gold Mining Company Limited
- Sector
- Basic Materials · Gold
- Headquarters
- Randfontein 1759
- Website
- harmony.co.za
Price · as of 2025-06-30
$15.61
Market cap 14.21B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $0.70 | -95.52% |
| Intrinsic Value(DCF) | $66.17 | +323.89% |
| Graham-Dodd Method(GD) | $8.20 | -47.47% |
| Graham Formula(GF) | $36.50 | +133.82% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $11.97 | $5.23 | $0.00 | $3.80 | $1.20 |
| 2012 | $7.99 | $4.94 | $2.78 | $5.20 | $14.20 |
| 2013 | $3.50 | $2.19 | $0.57 | $1.50 | $0.00 |
| 2014 | $2.52 | $1.50 | $0.00 | $3.20 | $0.30 |
| 2015 | $0.69 | $6.66 | $0.00 | $0.20 | $0.00 |
| 2016 | $3.24 | $3.12 | $0.00 | $4.30 | $2.60 |
| 2017 | $1.92 | $1.37 | $0.00 | $3.00 | $0.20 |
| 2018 | $1.68 | $1.28 | $0.00 | $0.00 | $0.00 |
| 2019 | $3.19 | $2.38 | $0.19 | $1.00 | $0.00 |
| 2020 | $5.59 | $3.69 | $4.63 | $2.00 | $0.00 |
| 2021 | $2.99 | $3.34 | $76.62 | $4.40 | $23.80 |
| 2022 | $2.31 | $2.11 | $8.79 | $1.70 | $0.00 |
| 2023 | $4.02 | $4.03 | $35.24 | $5.30 | $10.40 |
| 2024 | $8.69 | $7.05 | $50.45 | $5.80 | $25.30 |
| 2025 | $14.11 | $11.84 | $96.92 | $8.20 | $36.50 |
AI valuation
Our deep-learning model estimates Harmony Gold Mining Company Limited's (HMY) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $0.70
- Current price
- $15.61
- AI upside
- -95.52%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$66.17
+323.89% upside
Graham-Dodd
$8.20
-47.47% upside
Graham Formula
$36.50
+133.82% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| HMY | Harmony Gold Mining Compa… | $15.61 | 14.21B | -24% | +324% | -47% | +134% | 10.69 | 3.19 | 2.08 | 5.44 | 15.78 | 3.19 | 39.65% | 27.55% | 19.47% | 32.32% | 36.90% | 20.85% | 0.05 | — | 1.72 | 1.38 | -0.41 | 6774.00% | 2039.00% | 4881.00% | 7.02% | 1.83 | 28.51% | 1.34% | 14.30% | 6.85% | 7.02 | 13.24 | 1.93 | 5.40 |
| AA | Alcoa Corporation | $62.08 | 16.08B | -39% | -53% | -36% | -11% | 14.77 | 2.73 | 1.31 | 8.11 | 0.99 | 2.73 | 13.58% | 7.62% | 9.01% | 20.05% | 17.07% | 7.48% | 0.00 | 6.15 | 1.45 | 0.76 | -0.86 | 148571.00% | 453.00% | 125000.00% | 3.39% | 0.31 | 9.97% | 0.63% | 9.30% | 20.22% | 15.58 | 26.67 | 1.19 | 2.09 |
| AGI | Alamos Gold Inc. | $54.19 | 22.75B | -12% | -56% | -64% | +61% | 25.81 | 5.24 | 12.84 | 19.14 | 12.63 | 5.24 | 54.31% | 44.53% | 49.07% | 22.47% | 17.48% | 15.39% | 0.05 | 2034.79 | 1.72 | 1.28 | -0.33 | 20435.00% | 3457.00% | 1500.00% | 1.17% | 1.39 | 7.22% | 0.17% | 4.50% | 1.84% | 28.27 | 84.15 | 12.59 | 8.04 |
| CDE | Coeur Mining, Inc. | $27.15 | 17.43B | +87% | +295% | -67% | +241% | 29.21 | 5.17 | 8.27 | 16.55 | 5.84 | 6.37 | 39.30% | 36.27% | 28.30% | 26.41% | 26.88% | 16.75% | 0.11 | 24.26 | 2.00 | 1.58 | -0.18 | 50000.00% | 9641.00% | -753486.00% | 3.89% | 2.26 | 27.77% | 0.00% | 0.00% | 4.35% | 22.55 | 25.43 | 8.18 | 7.76 |
| HL | Hecla Mining Company | $24.91 | 16.7B | +56% | -40% | -75% | +17% | 49.91 | 6.20 | 11.28 | 22.73 | 6.52 | 6.20 | 41.12% | 37.46% | 22.61% | 13.89% | 13.89% | 9.52% | 0.12 | 12.82 | 2.72 | 2.11 | 0.08 | 76572.00% | 5303.00% | 809680.00% | 1.93% | 2.43 | 12.04% | 0.06% | 3.20% | 2.98% | 30.12 | 51.75 | 11.28 | 9.01 |
| IAG | IAMGOLD Corporation | $24.57 | 14.58B | +78% | -61% | -46% | +295% | 20.63 | 3.33 | 4.80 | 9.19 | — | 3.33 | 41.22% | 38.91% | 23.29% | 17.98% | 19.51% | 11.55% | 0.20 | 10.38 | 1.75 | 0.94 | 0.27 | -2267.00% | 7776.00% | -65460.00% | 5.53% | 2.07 | 17.65% | 0.00% | 0.00% | 3.14% | 12.72 | 18.62 | 4.95 | 5.30 |
| MP | MP Materials Corp. | $58.87 | 10.43B | +137% | -48% | -85% | — | -126.26 | 5.48 | 39.36 | 3052.89 | — | 5.48 | -2.40% | -44.57% | -31.18% | -5.66% | -13.42% | -2.77% | 0.03 | -3.90 | 7.24 | 6.61 | -369.40 | -1228.00% | 3512.00% | 8959.00% | -3.03% | -0.52 | -49.18% | 0.00% | 0.00% | 15.96% | -73.95 | -27.67 | 32.96 | 5.05 |
| RGLD | Royal Gold, Inc. | $299.79 | 19.66B | -49% | -59% | -63% | +14% | 44.80 | 2.95 | 20.50 | 28.23 | 137.94 | 2.95 | 69.27% | 64.50% | 45.25% | 9.18% | 10.10% | 7.29% | 0.13 | 28.40 | 3.12 | 2.87 | 0.95 | 3248.00% | 4457.00% | 6509.00% | 3.34% | 5.83 | 13.04% | 0.56% | 25.10% | 0.56% | 32.88 | 31.01 | 21.21 | 5.99 |
| SBSW | Sibanye Stillwater Limite… | $17.71 | 12.53B | -49% | -43% | -95% | — | -43.50 | 5.28 | 1.73 | 7.41 | — | 5.55 | 23.82% | 18.48% | -3.99% | -11.48% | 32.48% | -3.33% | 1.12 | 8.63 | 1.78 | 0.86 | 0.86 | -3411.00% | 711.00% | -11494.00% | 0.81% | 0.60 | 2.47% | 0.13% | -5.80% | 0.13% | 10.61 | 139.73 | 1.96 | 2.51 |
| SUZ | Suzano S.A. | $11.33 | 14B | +35% | -46% | -8% | +103% | 5.63 | 1.69 | 1.51 | 6.96 | — | 2.40 | 31.11% | 22.81% | 26.75% | 34.56% | 6.06% | 7.88% | 2.43 | 1.71 | 3.19 | 2.47 | 4.09 | -29016.00% | 365.00% | 3650.00% | 7.51% | 1.29 | 4.56% | 2.93% | 16.50% | 14.45% | 13.84 | 27.91 | 3.16 | 1.09 |
About Harmony Gold Mining Company Limited
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. It also explores for uranium, silver, copper, and molybdenum deposits. The company has nine underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface treatment operations in South Africa. It also owns interests in the Hidden Valley, an open-pit gold and silver mine; and Wafi-Golpu, a project in Morobe Province in Papua New Guinea. The company was incorporated in 1950 and is headquartered in Randfontein, South Africa.
- CEO
- Beyers Nel
- Employees
- 34.72K
- Beta
- 0.58
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($66.17 ÷ $15.61) − 1 = +323.89% (DCF, example).