Harmony Gold Mining

HMY

Market cap $13.8B

ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited (NYSE:MTAL, ASX:MAC) (“MAC” or the “Company”) is pleased to announce that the Royal Court of Jersey (the “Court”) has today made orders sanctioning the proposed acquisition of 100% of the issued share capital in MAC by Harmony Gold (Australia) Pty Ltd (a wholly owned subsidiary of Harmony Gold Mining Company Limited (JSE:HAR, NYSE:HMY)) (“Harmony”) by way of a Jersey law scheme of ar.

This gold stock is near a buy point of a cup base after gaining around 126%. And an auto parts name is also trading around an entry point.

ST. HELIER, Jersey--(BUSINESS WIRE)--MAC Copper Limited ARBN 671 963 198 (NYSE:MTAL; ASX:MAC) MAC Copper Limited (NYSE:MTAL, ASX:MAC) (“MAC” or the “Company”) is pleased to provide the following update on the proposed acquisition of 100% of the issued share capital in MAC by Harmony Gold (Australia) Pty Ltd (a wholly owned subsidiary of Harmony Gold Mining Company Limited (JSE:HAR, NYSE:HMY)) (“Harmony”) by way of a Jersey law scheme of arrangement pursuant to Article 125 of the Companies (Jers.

Gold stocks continue to rally with strong fund sponsorship in the growth IBD 50 list.

Harmony Gold and AngloGold Ashanti ride a 42% YTD gold price surge, with strong cash flows, dividend growth and growth projects driving prospects.

HMY trades at a steep discount to peers, but rising costs, weaker output and lower earnings estimates cloud its outlook.

Harmony Gold's fiscal 2025 output fell 5% on weather and safety stoppages, with guidance pointing to flat production ahead.

We are upgrading Harmony Gold Mining (HMY) to Buy, as the market overreacted to cost concerns, ignoring surging gold prices and robust profitability. HMY's acquisition of MAC Copper and the CSA mine diversifies its portfolio, reduces geopolitical risk, and positions it for copper-driven market growth. Despite higher cost forecasts, gold prices are rising much faster, supporting record earnings, free cash flow, and a strong dividend payout.

Gold soars past $3,500 an ounce. Invest in stocks like AEM, IDR, HMY and GFI to capture the metal's record-breaking rally.

Harmony Gold's costs surged in fiscal 2025, yet the stock has soared nearly 62% this year on higher gold prices.