Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Harmony Gold shares have risen 58.14% versus 12.59% for the S&P 500 since my last Hold rating. Harmony Gold's production trends and gold grades remain solid, despite cost control leaving a bit to be desired. Harmony's hedging policy has led to the stock underperforming its peers recently, but I expect that "hedging penalty" to fade over the next quarter.
ALL, HMY, AMX, DB and ENS have been added to the Zacks Rank #1 (Strong Buy) List on November 18, 2025.
| Metals & Mining Industry | Materials Sector | Beyers B. Nel BEng, BSc, MBA CEO | XSTU Exchange | US4132163001 ISIN |
| ZA Country | 34,715 Employees | 10 Oct 2025 Last Dividend | - Last Split | - IPO Date |
Harmony Gold Mining Company Limited, incorporated in 1950, is a leading enterprise engaged in the exploration, extraction, and processing of gold. Beyond gold, the company is involved in the exploration for other valuable minerals, including uranium, silver, copper, and molybdenum. Based in Randfontein, South Africa, Harmony Gold has cultivated a strong presence in the mining industry, operating eight underground operations in the Witwatersrand Basin, an open-pit mine on the Kraaipan Greenstone Belt, and various surface source operations within South Africa. The company’s commitment to growth and operational excellence is demonstrated through its ownership and interest in international projects, notably in Papua New Guinea and Australia, which contribute to its status as a global player in the mining sector.
At the core of Harmony Gold's operations is the exploration and extraction of gold, primarily conducted through its extensive underground and open-pit mining operations in South Africa's Witwatersrand Basin and the Kraaipan Greenstone Belt. The company also operates surface source projects that contribute to its gold production capabilities.
Beyond gold, Harmony Gold engages in the exploration for other valuable minerals, including uranium, silver, copper, and molybdenum. These activities showcase the company’s diversified approach to mining, aiming to explore and possibly extract various mineral deposits that stand to contribute to revenue and further its mining endeavors.
Expanding its reach beyond South African borders, Harmony Gold owns interests in significant international projects. These include the Hidden Valley, an open-pit gold and silver mine, and the Wafi-Golpu project, both located in Papua New Guinea. In addition, the company holds interest in the Rosby and Eva Copper Project in Queensland, Australia, highlighting its international footprint and commitment to exploring mining opportunities globally.