Harmony Gold Mining

HMY

Market cap $14.2B

Harmony Gold Mining Company Limited (HMY) trades at a Trailing P/E of 16x, significantly below sector averages, despite robust growth and international expansion. HMY is transitioning from a regional gold producer to a diversified international commodity player, notably increasing copper exposure via a $1B Australian acquisition. Valuation appears compelling on a peer basis, but market skepticism persists regarding the sustainability of current high ROIC, seen as gold price-driven.

Gold's record run into 2026 is lifting safe-haven miners like HMY, AEM, RGLD and KGC as geopolitical risks and Fed uncertainty fuel demand.

Harmony Gold (HMY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Deutsche Bank, DRDGold and Harmony Gold Mining are in or near buy zones and appear on IBD's Global Leaders list.

CNBC's “Fast Money” team share their final trades of the day.

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.

The final trades of the day with CNBC's Melissa Lee and the 'Fast Money' traders.

ALL, HMY, AMX, DB and ENS have been added to the Zacks Rank #1 (Strong Buy) List on November 18, 2025.

Safe-haven traders are eyeing the vote on a bill slated to run through the House later today, which could fund the U.S. government through January.