Harmony Gold: A High-Cost Miner Significantly Leveraged To Gold Prices [Seeking Alpha]
Harmony Gold Mining Company Limited (HMY)
US:NYSE Investor Relations:
harmony.co.za/investors
Company Research
Source: Seeking Alpha
Summary Harmony Gold is a high-cost gold miner. Its earnings recovery is expected to be stronger than that of its peers due to the gold price rally. The outlook for the gold price remains positive, even after the September Fed rate cut has been priced in. Production volume continues to surprise the market driven by a sustainable improvement in recovered grade. The valuation is not stretched and results for FY24 are better than expected. J Studios Investment Thesis Harmony is one of the highest-cost gold miners globally, with significant earnings leverage to the gold price. Its production growth surprised the market in 2024, driven by improved recovered grades in its two young underground mines, which we view as sustainable. FY24 performance exceeded its production target and cost guidance and full year adjusted EPS was up over 100% from a year ago. Introduction Harmony Gold Mining Company Limited ( NYSE: HMY ) is a mid-sized gold miner based in South Africa. Alm
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HMY
News
- Harmony Gold Mining Company Limited (NYSE: HMY) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Harmony Gold Mining Company Limited (NYSE: HMY) had its price target raised by analysts at JPMorgan Chase & Co. from $8.20 to $8.40. They now have a "neutral" rating on the stock.MarketBeat
- Are Basic Materials Stocks Lagging Harmony Gold (HMY) This Year? [Yahoo! Finance]Yahoo! Finance
- Harmony Gold Mining Company Limited (NYSE: HMY) is now covered by analysts at Bank of America Co.. They set a "neutral" rating on the stock.MarketBeat
- Harmony Gold Mining goes ex dividend tomorrow [Seeking Alpha]Seeking Alpha
HMY
Earnings
- 2/29/24 - Beat
HMY
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form 6-K
- 11/12/24 - Form 6-K
- HMY's page on the SEC website