Harmony Gold Mining (HMY) Stock Analysis & Forecast

Sep 28 close

$17.74−1.23 (−6.5%)

Gekko Brief

AI summary

Harmony Gold Mining this week reported record fiscal 2026 results, citing operational consistency, higher gold prices and progress on its copper portfolio, while outlining fiscal 2027 as a year of increased investment in sustaining operations, reserve conversion and the Eva Copper project. Separately, the company priced and launched an offering of $500 million guaranteed senior unsecured convertible bonds due 2031, carrying a coupon between 1.500% and 2.000% and an initial conversion premium of 35.0% to 40.0% above a reference share price, with proceeds intended for general corporate purposes.

HMY closed at $17.74, down 6.5%, sitting between its 50-day average of $19.01 and 200-day average of $18.39, with a one-month return of -15.6% against a three-month return of 16.9% and a six-month return of 23.7%. The GekkoIndex reads 62.9, placing the stock in the Accumulation zone, and the gap to Gekko Fair Value of $24.23 stands at -26.8%. Consensus target sits at $21.52, implying 21.3% upside.

No confirmed earnings date is currently on the calendar, with the last report on 24 April 2026 showing a -0.4% reaction. Smart money activity, including insider, Congress and unusual options signals, shows no recorded activity in their respective windows. Seasonality from this point in the calendar has averaged a 13.9% move over the next 20 trading days across 5 years, rising in 4 of them, a pattern worth noting alongside the wide recent daily and 20-day move ranges.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

Harmony Gold Mining price vs fair value

$24.23$17.74Sep ’25Mar ’26Sep ’26
Close $17.74200-day averageGekko Fair Value $24.23

Harmony Gold Mining quick facts

Market cap
$11.08B
P/E ratio
6.7
Forward P/E
20.7
EPS, TTM
$2.82
Revenue, TTM
$99.24B
Profit margin
29.6%
Dividend yield
4.11%
Beta
0.81
Volume
3.74M avg 4.12M
1-year return
+3.3%
Typical daily move
±4.8%
Typical 20-day move
±9.9%
50-day average
$19.01
200-day average
$18.39
Next earnings
—
Shares outstanding
626.1M
52-week range
$13.03$26.06

Harmony Gold Mining swing-trade checklist

Harmony Gold Mining scores 3 supportive, 1 mixed and 0 headwinds across the 4 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive1 mixed0 headwinds

  • Trendmixed

    Averages disagree

    Close $17.74 sits between the 50-day ($19.01) and 200-day ($18.39) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    62.9, Accumulation

    Reading 62.9 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    26.8% below

    Price is 26.8% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskno data

    No data

    No confirmed report date on the calendar.

    See earnings
  • Seasonalitysupportive

    +13.9% on average

    From this point in the calendar, the next 20 trading days averaged +13.9% over 5 years, rising in 4 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Harmony Gold Mining stock chart and price history

Harmony Gold Mining closed at $17.74 on Sep 28, 2026, +3.3% over the past year, inside a 52-week range of $13.03 to $26.06.

Close50-day average200-day averageVolume
Harmony Gold Mining share price, past year, with 50-day and 200-day moving averages and volume$15$20$25NovDecJan 2026FebMarAprMayJunJulAugSep17.74

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−15.6%
3 months
+16.9%
6 months
+23.7%
1 year
+3.3%
The full HMY chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open HMY in Gekko

Follow Harmony Gold Mining through every session

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About Harmony Gold Mining

Harmony Gold Mining digs up and processes mineral resources across sites in South Africa, Papua New Guinea, and Australia. Gold sits at the heart of its business, though it also pursues uranium, silver, and copper. The company is most associated with its deep-level gold mining work centered on the Witwatersrand Basin region.

Its production base includes nine underground mines tied to the Witwatersrand Basin and the Kraaipan Greenstone Belt, plus a number of surface mining sites scattered through South Africa. Beyond these, Harmony Gold Mining holds ownership stakes in Hidden Valley, a mine that produces gold and silver through open-pit methods, and in the Wafi-Golpu project situated in Morobe Province, Papua New Guinea. It further holds a stake in the Eva Copper Project, located in Queensland, Australia.

The company traces its incorporation back to 1950 and keeps its home base in Randfontein, South Africa. Its stock carries the ticker HMY.

Sector
Non-energy minerals
Website
harmony.co.za

Harmony Gold Mining GekkoIndex: the smart money zone

Harmony Gold Mining’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 62.9, in the Accumulation zone, up 1.5 points over five sessions.

010062.9Accumulation

Up 1.5 points over five sessions.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying20+3.2%+6.6%+15.1%+21.9%
Accumulation (current zone)178+3.4%+5.3%+8.8%+17.1%
Neutral374+0.6%+0.9%+2.5%+3.9%
Distribution53−3.7%−2.1%−6.7%+5.2%
Selling0Not available

Average HMY share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the HMY price, zone by zone.Track HMY in Gekko

Is Harmony Gold Mining stock overvalued? Gekko Fair Value

Harmony Gold Mining trades 26.8% below Gekko Fair Value of $24.23, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Harmony Gold Mining shares are worth, recalculated every trading day.

$24.23

Gekko Fair Value, Sep 29, 2026

26.8% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open HMY in Gekko

Harmony Gold Mining insider and Congress trading

No open-market insider purchases were filed for Harmony Gold Mining, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for HMY in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every HMY insider filing, plotted on the chart in Gekko.Open HMY in Gekko

Congress trades last 90 days

No trades in HMY were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for HMY, plotted on the chart in Gekko.Open HMY in Gekko

Harmony Gold Mining earnings: next date and track record

Harmony Gold Mining beat the EPS estimate in 2 of its last 8 reports, moving 5.5% on average across the report.

2 of 8reports beat the EPS estimate
±5.5%average move across the report
3 of 8reports followed by a gain

Share-price move across each report

+9.8%Jan ’24−5.5%Apr ’24−2.4%Sep ’24+1.3%Nov ’24+8.4%Mar ’25−9.5%Aug ’25−6.8%Nov ’25−0.4%Apr ’26
ReportedEPSSurpriseRevenueSurpriseMove
Apr 24, 2026$0.00
est $0.00
———−0.4%
Nov 14, 2025$0.00
est $0.00
———−6.8%
Aug 28, 2025$0.57
est $0.00
—$2.08B—−9.5%
Mar 4, 2025$12.57
est $0.00
—$1.95B—+8.4%
Nov 28, 2024$0.00
est $0.00
—$18.57B—+1.3%
Sep 5, 2024$0.00
est $0.00
—$1.65B
est $1.54B
+7.0%−2.4%
Apr 30, 2024$0.00
est $0.00
—$14.98B—−5.5%
Jan 25, 2024$0.00
est $0.00
———+9.8%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Harmony Gold Mining stock forecast and analyst price targets

Analysts’ average 12-month price target for Harmony Gold Mining is $21.52, +21.3% from the last close.

$21.52consensus 12-month target, +21.3% from the last close
+8.8%average 20-day move after past Accumulation readings
+13.9%average move over the next 20 trading days in the last 5 years
±4.8%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Harmony Gold Mining seasonality: the next 20 trading days

Over the next 20 trading days from Sep 29, Harmony Gold Mining averaged +13.9% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

+28.6%2021+21.2%2022+25.0%2023+9.9%2024−9.8%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+5.9%4 of 5
Next 10 trading days+13.8%4 of 5
Next 15 trading days+18.4%5 of 5
Next 20 trading days+13.9%4 of 5
Next 30 trading days+16.4%3 of 5

For scale, HMY’s typical 20-trading-day move in either direction is about 9.9%.

Harmony Gold Mining market cap and key statistics

Harmony Gold Mining’s market cap is $11.08B, with a P/E ratio of 6.7 and revenue of $99.24B over the last twelve months.

Valuation

Market cap
$11.08B
P/E ratio
6.7
Forward P/E
20.7
EPS, TTM
$2.82
Gekko Fair Value
$24.23

Trading

Volume
3.74M
Avg volume, 20 days
4.12M
52-week high
$26.06
52-week low
$13.03
Shares outstanding
626.1M

Financials

Revenue, TTM
$99.24B
Profit margin
29.6%
Return on equity
48%
Quarterly earnings growth, YoY
+198.8%

Risk and income

Beta
0.81
Typical daily move
±4.8%
Typical 20-day move
±9.9%
Dividend yield
4.11%

Harmony Gold Mining stock news this week

4 headlines about Harmony Gold Mining from the past week, newest first, each linking to the publisher.

More stocks

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Harmony Gold Mining stock FAQ

What is Harmony Gold Mining’s market cap?

Harmony Gold Mining’s market cap is $11.08B at the Sep 28, 2026 close of $17.74, with 626.1M shares outstanding. The shares trade on a P/E ratio of 6.7.

What is the Harmony Gold Mining stock forecast?

The consensus analyst 12-month price target for Harmony Gold Mining is $21.52, +21.3% from the last close. Gekko doesn’t publish price predictions of its own.

Is Harmony Gold Mining stock overvalued or undervalued?

On Gekko’s estimate Harmony Gold Mining is undervalued: the Sep 28, 2026 close of $17.74 is 26.8% below Gekko Fair Value of $24.23. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

What is Harmony Gold Mining’s 52-week high and low?

Harmony Gold Mining’s 52-week high is $26.06 and its 52-week low is $13.03; it closed at $17.74 on Sep 28, 2026, +3.3% over the past year.

Is Harmony Gold Mining stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 4 items with data read as supportive (gekkoindex, fair value and seasonality), 1 as mixed (trend). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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