Harmony Gold Mining Stock Performance

HMY Stock  USD 19.79  1.20  5.72%   
On a scale of 0 to 100, Harmony Gold holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 2.03, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Harmony Gold will likely underperform. Please check Harmony Gold's potential upside, as well as the relationship between the accumulation distribution and period momentum indicator , to make a quick decision on whether Harmony Gold's current trending patterns will revert.

Risk-Adjusted Performance

Mild

 
Weak
 
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Harmony Gold Mining are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak primary indicators, Harmony Gold showed solid returns over the last few months and may actually be approaching a breakup point. ...more

Actual Historical Performance (%)

One Day Return
(5.67)
Five Day Return
(8.50)
Year To Date Return
1.18
Ten Year Return
667.44
All Time Return
296
Forward Dividend Yield
0.0099
Payout Ratio
0.3359
Forward Dividend Rate
0.21
Dividend Date
2025-10-20
Ex Dividend Date
2025-10-10
1
Huntsman Updates Outlook for Q4 2025 Amid Unplanned Outages
12/02/2025
2
If You Invested 1000 in Harmony Gold a Decade Ago, This is How Much Itd Be Worth Now
12/12/2025
3
European Bank Heavyweight And Two Gold Stocks Are Global Leaders In Or Near Buy Zones
12/16/2025
4
Harmony Gold Mining Shares Gap Down Heres What Happened
12/29/2025
5
Ingevity Completes Divestiture of CTO Refinery Assets to Mainstream
01/06/2026
6
4 Gold Stocks to Watch as Record Prices Extend Into 2026
01/12/2026
7
Harmony Gold Mining Reaches New 1-Year High Time to Buy
01/20/2026
8
Harmony Gold says on track to meet H1 guidance despite mill motor failure - Seeking Alpha
02/03/2026
9
Jim Cramer Recommends Agnico Eagle Over Harmony Gold Mining
02/10/2026
10
Gold Ore Global Forecast Report 2026 A 35.72 Billion Market by 2032, Driven by Geological Complexity, Innovations in Processing, New Regulatory Measures, and Sh...
02/17/2026
Begin Period Cash Flow4.7 B
Total Cashflows From Investing Activities-12 B
Free Cash Flow10.8 B

Harmony Gold Relative Risk vs. Return Landscape

If you would invest  1,612  in Harmony Gold Mining on November 20, 2025 and sell it today you would earn a total of  367.00  from holding Harmony Gold Mining or generate 22.77% return on investment over 90 days. Harmony Gold Mining is generating 0.4328% of daily returns assuming volatility of 4.1069% on return distribution over 90 days investment horizon. In other words, 36% of stocks are less volatile than Harmony, and above 92% of all equities are expected to generate higher returns over the next 90 days.
  Expected Return   
       Risk  
Considering the 90-day investment horizon Harmony Gold is expected to generate 5.42 times more return on investment than the market. However, the company is 5.42 times more volatile than its market benchmark. It trades about 0.11 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.18 per unit of risk.

Harmony Gold Target Price Odds to finish over Current Price

The tendency of Harmony Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 19.79 90 days 19.79 
about 62.16
Based on a normal probability distribution, the odds of Harmony Gold to move above the current price in 90 days from now is about 62.16 (This Harmony Gold Mining probability density function shows the probability of Harmony Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon the stock has the beta coefficient of 2.03 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Harmony Gold will likely underperform. Additionally Harmony Gold Mining has an alpha of 0.1404, implying that it can generate a 0.14 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Harmony Gold Price Density   
       Price  

Predictive Modules for Harmony Gold

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Harmony Gold Mining. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
15.6419.7323.82
Details
Intrinsic
Valuation
LowRealHigh
16.5520.6424.73
Details
2 Analysts
Consensus
LowTargetHigh
21.9624.1426.79
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.530.600.67
Details

Harmony Gold Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Harmony Gold is not an exception. The market had few large corrections towards the Harmony Gold's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Harmony Gold Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Harmony Gold within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.14
β
Beta against Dow Jones2.03
σ
Overall volatility
1.97
Ir
Information ratio 0.05

Harmony Gold Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Harmony Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Harmony Gold Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Harmony Gold Mining had very high historical volatility over the last 90 days
Harmony Gold Mining has a strong financial position based on the latest SEC filings
Latest headline from finance.yahoo.com: Gold Ore Global Forecast Report 2026 A 35.72 Billion Market by 2032, Driven by Geological Complexity, Innovations in Processing, New Regulatory Measures, and Shifting Downstream Demand

Harmony Gold Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Harmony Stock often depends not only on the future outlook of the current and potential Harmony Gold's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Harmony Gold's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding629 M
Cash And Short Term Investments13.1 B

Harmony Gold Fundamentals Growth

Harmony Stock prices reflect investors' perceptions of the future prospects and financial health of Harmony Gold, and Harmony Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Harmony Stock performance.

About Harmony Gold Performance

Evaluating Harmony Gold's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Harmony Gold has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Harmony Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Days Of Inventory On Hand 28.18  22.62 
Return On Tangible Assets 0.17  0.18 
Return On Capital Employed 0.28  0.30 
Return On Assets 0.17  0.18 
Return On Equity 0.27  0.28 

Things to note about Harmony Gold Mining performance evaluation

Checking the ongoing alerts about Harmony Gold for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Harmony Gold Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Harmony Gold Mining had very high historical volatility over the last 90 days
Harmony Gold Mining has a strong financial position based on the latest SEC filings
Latest headline from finance.yahoo.com: Gold Ore Global Forecast Report 2026 A 35.72 Billion Market by 2032, Driven by Geological Complexity, Innovations in Processing, New Regulatory Measures, and Shifting Downstream Demand
Evaluating Harmony Gold's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Harmony Gold's stock performance include:
  • Analyzing Harmony Gold's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Harmony Gold's stock is overvalued or undervalued compared to its peers.
  • Examining Harmony Gold's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Harmony Gold's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Harmony Gold's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Harmony Gold's stock. These opinions can provide insight into Harmony Gold's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Harmony Gold's stock performance is not an exact science, and many factors can impact Harmony Gold's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Additional Tools for Harmony Stock Analysis

When running Harmony Gold's price analysis, check to measure Harmony Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harmony Gold is operating at the current time. Most of Harmony Gold's value examination focuses on studying past and present price action to predict the probability of Harmony Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmony Gold's price. Additionally, you may evaluate how the addition of Harmony Gold to your portfolios can decrease your overall portfolio volatility.