Gold stocks Harmony Gold and AngloGold Ashanti jumped after inflation came in hot on Friday. Shares of both are at a new highs.
Harmony Gold Mining Company Limited (NYSE:HMY ) Q2 2025 Earnings Conference Call March 4, 2025 3:00 AM ET Company Participants Beyers Nel - Chief Executive Officer Boipelo Lekubo - Financial Director Jared Coetzer - Investor Relations Conference Call Participants Arnold Van Graan – Nedbank Adrian Hammond - SBG René Hochreiter - NOAH Capital Felicity Robson - Bank of America Beyers Nel Good morning, everybody. My name is Beyers Nel, and it is a privilege for me to present my first set of results to you in my capacity as CEO.
While HMY is well-placed on a strong pipeline of growth projects and solid financial health, its high costs warrant caution.
Investors with an interest in Mining - Gold stocks have likely encountered both Harmony Gold (HMY) and Franco-Nevada (FNV). But which of these two companies is the best option for those looking for undervalued stocks?
Here is how Harmony Gold (HMY) and New Gold (NGD) have performed compared to their sector so far this year.
Harmony Gold (HMY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Harmony Gold (HMY) and Cabot (CBT) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
HMY's earnings and revenues increase year over year in the fiscal 2024 on higher average gold prices.
Harmony Gold Mining Company Limited (NYSE:HMY ) Q4 2024 Earnings Conference Call September 5, 2024 4:00 AM ET Company Participants Jared Coetzer - Investor Relations Peter Steenkamp - Chief Executive Officer Boipelo Lekubo - Financial Director Beyers Nel - Group Chief Operating Officer Conference Call Participants Bruce Williamson - Integral Asset Management Leroy Mnguni - HSBC Adrian Hammond - SBG Securities Operator Welcome to chorus call. Peter Steenkamp Good.
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.
In the most recent trading session, Harmony Gold (HMY) closed at $11.16, indicating a -0.53% shift from the previous trading day.