HMY — Harmony Gold Mining Company Limited

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

About Harmony Gold Mining Company Limited

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia. The company explores for gold, uranium, silver, and copper deposits. It has nine underground operations in the Witwatersrand Basin; the Kraaipan Greenstone Belt; and various surface source operations in South Africa. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$17.56
Market Cap$10.85B
Float544.3M
Shares Outstanding624.8M
P/E (Forward)20.66
P/E (TTM)11.16
Price/Sales (TTM)0.13
vs. Analyst Target+31.1% to analyst PT
Profit Margin20.06%
Operating Margin (TTM)33.34%
Revenue (TTM)$81.15B
Earnings Growth (YoY)22.70%
Dividend Rate0.4%
Analyst Target Price$23.01 (2 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $29.25B -$878M $3.34B $3.62B
2021 $41.73B $5.09B $6.08B $10.92B
2022 $42.65B -$1.05B $718M $3.34B
2023 $49.27B $4.82B $9.74B $11.05B
2024 $61.38B $8.59B $14.15B $16.52B
2025 $73.90B $14.38B $29.30B $26.27B

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Sep 2024 $29.82B $2.67B
Dec 2024 $37.14B $7.86B
Jun 2025 $36.76B $6.53B
Dec 2025 $46.57B $9.29B

Ownership & Float

Institutional Ownership18.6%
Short Float1.2%
% of All Funds Holding2.71%
Number of Funds Holding223

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$16.59Near-term / short-term trend
Weekly40-Week SMA$18.14Medium-term trend
Weekly80-Week SMA$15.47Cyclical trend (business cycle)
Weekly200-Week SMA$9.66Secular trend (multi-year)
Monthly10-Month SMA$18.03Near-term monthly trend
Monthly20-Month SMA$15.12Medium-term monthly trend
Monthly40-Month SMA$10.72Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$22.70 resistance 1.22x 1 months ago
$14.20 support 1.37x 7 months ago
$10.30 support 1.36x 13 months ago
$8.50 support 1.48x 15 months ago
$5.90 support 1.81x 25 months ago

Historical Earnings Reactions (99 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.33% -0.18% 44.44% 7.62% -7.70%
1 Day -0.02% -0.53% 44.44% 13.41% -8.92%
1 Week 1.51% 2.00% 55.56% 32.49% -26.52%
2 Weeks 2.36% 3.06% 58.59% 36.82% -30.15%
1 Month 3.33% 2.46% 55.10% 49.80% -38.77%

Next earnings: April 24, 2026

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan7.2%50.0%32
Feb5.4%62.5%32
Mar2.5%53.1%32
Apr1.1%53.1%32
May-2.6%38.7%31
Jun-1.9%37.5%32
Jul1.1%56.3%32
Aug-0.6%40.6%32
Sep4.6%46.9%32
Oct-1.1%46.9%32
Nov-0.3%43.8%32
Dec5.2%50.0%32

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.01% 43.2% 1513
Tuesday 0.04% 45.0% 1655
Wednesday 0.22% 47.2% 1654
Thursday -0.06% 44.6% 1621
Friday 0.23% 46.7% 1616

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 18.6%

Insider Transactions — Smart Summary

Full insider transaction history and smart buy/sell sentiment summary available on Trend Edge.

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Harmony Gold Mining Company Limited (HMY) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for HMY on Trend Edge →