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Harmony Gold Mining (HMY) Stock Analysis

This is a peer-relative look at Harmony Gold Mining (HMY): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

Harmony Gold Mining (HMY) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile fields for Harmony Gold Mining (HMY)
Profile ItemHMY
NameHarmony Gold Mining Company Limited - Depositary Receipt (Common Stock)
Country/RegionSouth Africa
GICS SectorMaterials
GICS Industry GroupMaterials
GICS IndustryMetals & Mining
GICS Sub-IndustryGold
Market Capitalization10.77 billion USD
CurrencyUSD
ExchangeNYSE
Listing DateMay 17, 1994
Security TypeADR

Price Performance

Cumulative Growth

HMY
GSPC
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Harmony Gold Mining (HMY) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Harmony Gold Mining (HMY) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Harmony Gold Mining (HMY) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Harmony Gold Mining (HMY) metric values compared with Materials industry-group medians
MetricCurrent stock: HMYIndustry group median
Total Return (1Y)10.98%19.59%
Total Return (3Y, Annualized)60.07%18.91%
Total Return (5Y, Annualized)39.44%5.70%

Risk Profile

Drawdown History

HMY
GSPC
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Harmony Gold Mining (HMY) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Harmony Gold Mining (HMY) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Harmony Gold Mining (HMY) metric values compared with Materials industry-group medians
MetricCurrent stock: HMYIndustry group median
Volatility (1Y, Annualized)63.56%52.82%
Beta (5Y)1.080.97
Max Drawdown (5Y)-62.48%-58.44%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. HMY is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Harmony Gold Mining (HMY) metric values compared with Materials industry-group medians
MetricCurrent stock: HMYIndustry group median
Sharpe Ratio (1Y)0.110.32
Sortino Ratio (1Y)0.150.47

Profitability

ROE (TTM)

Harmony Gold Mining (HMY) posts ROE of 48.05%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

HMY

Materials industry group

48.05%

Group distribution
Max
52.88%
HMY
48.05%
Q3
19.49%
Median
8.76%
Q1
-3.41%
Min
-32.81%
Largest peers
SCCO
52.88%
HMY
48.05%
NEM
27.26%
BHP
24.00%
AEM
23.24%
RIO
19.31%
LIN
17.72%
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Where Harmony Gold Mining (HMY) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Harmony Gold Mining (HMY) keeps 29.57% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

HMY

Materials industry group

29.57%

Group distribution
Max
38.66%
HMY
29.57%
Q3
15.98%
Median
5.28%
Q1
0.00%
Min
-20.40%
Largest peers
AEM
41.01%
SCCO
37.16%
NEM
34.73%
HMY
29.57%
RIO
19.59%
LIN
19.34%
BHP
16.73%
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Where Harmony Gold Mining (HMY) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Harmony Gold Mining (HMY) turns 47.18% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

HMY

Materials industry group

47.18%

Group distribution
Max
66.70%
HMY
47.18%
Q3
28.92%
Median
12.56%
Q1
3.28%
Min
-14.07%
Largest peers
SCCO
59.94%
AEM
55.49%
NEM
49.99%
HMY
47.18%
BHP
43.34%
RIO
28.05%
LIN
27.97%
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Where Harmony Gold Mining (HMY) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Harmony Gold Mining (HMY) metric values compared with Materials industry-group medians
MetricCurrent stock: HMYIndustry group median
ROE (TTM)48.05%8.76%
ROA (TTM)25.06%4.42%
Net Margin (TTM)29.57%5.28%
Operating Margin (TTM)47.18%12.56%
Gross Margin (TTM)49.62%27.57%

Growth

Revenue Growth

No usable revenue growth is available for Harmony Gold Mining (HMY) this period, so the top-line momentum read is skipped.

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Harmony Gold Mining (HMY): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

No usable EPS growth is available for Harmony Gold Mining (HMY) this period, so the earnings-momentum read is skipped.

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Harmony Gold Mining (HMY): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

Harmony Gold Mining (HMY) metric values compared with Materials industry-group medians
MetricCurrent stock: HMYIndustry group median
Revenue Growth (YoY)--8.36%
Revenue Growth (3Y CAGR)26.28%0.59%
EPS Growth (YoY)---1.73%
EPS Growth (3Y CAGR)81.32%2.12%

Financial Strength

Current Ratio (MRQ)

Harmony Gold Mining (HMY) has current ratio of 0.84, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

HMY

Materials industry group

0.84

Group distribution
Max
5.96
Q3
3.30
Median
2.24
Q1
1.45
HMY
0.84
Min
0.16
Largest peers
SCCO
4.31
AEM
2.75
NEM
2.45
BHP
1.89
RIO
1.42
LIN
0.86
HMY
0.84
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Where Harmony Gold Mining (HMY) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Harmony Gold Mining (HMY) has debt-to-equity ratio of 0.13, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

HMY

Materials industry group

0.13

Group distribution
Max
1.98
Q3
0.89
Median
0.47
Q1
0.13
HMY
0.13
Min
0.00
Largest peers
LIN
0.65
SCCO
0.63
BHP
0.50
RIO
0.32
NEM
0.16
HMY
0.13
AEM
0.01
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Where Harmony Gold Mining (HMY) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Harmony Gold Mining (HMY) metric values compared with Materials industry-group medians
MetricCurrent stock: HMYIndustry group median
Current Ratio (MRQ)0.842.24
Debt / Equity (MRQ)0.130.47
Net Debt / EBITDA0.021.37

Dividends

Dividend Yield (TTM)

Harmony Gold Mining (HMY) has dividend yield of 75.74%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

HMY

Materials industry group

75.74%

Group distribution
HMY
75.74%
Max
4.52%
Q3
1.85%
Median
0.38%
Q1
0.00%
Min
0.00%
Largest peers
HMY
75.74%
RIO
5.59%
SCCO
2.30%
BHP
2.19%
LIN
1.21%
AEM
0.93%
NEM
0.87%
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Where Harmony Gold Mining (HMY) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Harmony Gold Mining (HMY) has payout ratio of 15.28%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

HMY

Materials industry group

15.28%

Group distribution
Max
83.62%
Q3
41.37%
HMY
15.28%
Median
9.54%
Q1
0.00%
Min
0.00%
Largest peers
BHP
68.84%
RIO
54.46%
SCCO
52.43%
LIN
41.83%
HMY
15.28%
AEM
14.26%
NEM
11.95%
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Where Harmony Gold Mining (HMY) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Harmony Gold Mining (HMY) metric values compared with Materials industry-group medians
MetricCurrent stock: HMYIndustry group median
Dividend Yield (TTM)75.74%0.38%
Dividend Payout Ratio (TTM)15.28%9.54%

Valuation

P/E Ratio (TTM)

Harmony Gold Mining (HMY) trades at P/E ratio of 6.27, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

HMY

Materials industry group

6.27

Group distribution
Max
59.00
Q3
32.93
Median
18.82
Q1
11.96
HMY
6.27
Min
3.93
Largest peers
LIN
34.21
SCCO
22.27
BHP
20.70
AEM
15.61
NEM
14.03
RIO
11.35
HMY
6.27
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Where Harmony Gold Mining (HMY) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Harmony Gold Mining (HMY) trades at 0.11 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

HMY

Materials industry group

0.11

Group distribution
Max
9.62
Q3
4.34
Median
1.87
Q1
0.73
HMY
0.11
Min
0.00
Largest peers
SCCO
8.34
LIN
6.53
AEM
6.44
NEM
4.72
BHP
3.46
RIO
2.20
HMY
0.11
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Where Harmony Gold Mining (HMY) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Harmony Gold Mining (HMY) trades at 2.34 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

HMY

Materials industry group

2.34

Group distribution
Max
6.59
Q3
3.55
HMY
2.34
Median
2.08
Q1
1.26
Min
-0.17
Largest peers
SCCO
10.89
LIN
6.00
BHP
3.98
NEM
3.53
AEM
3.27
HMY
2.34
RIO
2.08
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Where Harmony Gold Mining (HMY) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Harmony Gold Mining (HMY) metric values compared with Materials industry-group medians
MetricCurrent stock: HMYIndustry group median
P/E Ratio (TTM)6.2718.82
P/S Ratio (TTM)0.111.87
P/B Ratio (MRQ)2.342.08
Free Cash Flow Yield (TTM)91.49%3.08%