HMY vs. WPM: Harmony Gold Mining vs. Wheaton Precious Metals Stock Comparison
How do Harmony Gold Mining (HMY) and Wheaton Precious Metals (WPM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Harmony Gold Mining (HMY) and Wheaton Precious Metals (WPM) are both classified in the Gold sub-industry within the broader Metals & Mining industry, placing them in the closest GICS peer bucket.
Wheaton Precious Metals (WPM) trades as ordinary local shares, while Harmony Gold Mining (HMY) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | HMY | WPM |
|---|---|---|
| Name | Harmony Gold Mining Company Limited - Depositary Receipt (Common Stock) | Wheaton Precious Metals Corp. |
| Country/Region | South Africa | Canada |
| GICS Sector | Materials | Materials |
| GICS Industry Group | Materials | Materials |
| GICS Industry | Metals & Mining | Metals & Mining |
| GICS Sub-Industry | Gold | Gold |
| Market Capitalization | 10.77 billion USD | 61.91 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | May 17, 1994 | July 6, 2005 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | HMY | WPM |
|---|---|---|
| Total Return (1Y) | 10.98% | 45.35% |
| Total Return (3Y, Annualized) | 60.07% | 50.60% |
| Total Return (5Y, Annualized) | 39.44% | 29.06% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | HMY | WPM |
|---|---|---|
| Volatility (1Y, Annualized) | 63.56% | 52.11% |
| Beta (5Y) | 1.08 | 0.49 |
| Max Drawdown (5Y) | -62.48% | -43.29% |
| Avg. Volume (3M) | 3.68M | 2.01M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | HMY | WPM |
|---|---|---|
| Sharpe Ratio (1Y) | 0.11 | 0.79 |
| Sortino Ratio (1Y) | 0.15 | 1.14 |
Profitability
ROE (TTM)
Both Harmony Gold Mining (HMY) at 48.05% and Wheaton Precious Metals (WPM) at 23.10% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
HMY
Materials industry group
48.05%
- Max
- 52.88%
- HMY
- 48.05%
- Q3
- 19.49%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
WPM
Materials industry group
23.10%
- Max
- 52.88%
- WPM
- 23.10%
- Q3
- 19.49%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
Net Margin (TTM)
Wheaton Precious Metals (WPM) at 60.39% keeps the most of each sales dollar — above its industry’s net margin range — and Harmony Gold Mining (HMY) at 29.57% also retains a top-quartile share.
HMY
Materials industry group
29.57%
- Max
- 38.66%
- HMY
- 29.57%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
WPM
Materials industry group
60.39%
- WPM
- 60.39%
- Max
- 38.66%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
Operating Margin (TTM)
Both Harmony Gold Mining (HMY) at 47.18% and Wheaton Precious Metals (WPM) at 66.70% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
HMY
Materials industry group
47.18%
- Max
- 66.70%
- HMY
- 47.18%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
WPM
Materials industry group
66.70%
- WPM
- 66.70%
- Max
- 66.70%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
Profitability Metrics
| Metric | HMY | WPM |
|---|---|---|
| ROE (TTM) | 48.05% | 23.10% |
| ROA (TTM) | 25.06% | 15.22% |
| Net Margin (TTM) | 29.57% | 60.39% |
| Operating Margin (TTM) | 47.18% | 66.70% |
| Gross Margin (TTM) | 49.62% | 86.61% |
Growth
Revenue Growth
Only one side can be read here: Wheaton Precious Metals (WPM) reports revenue growth of 80.18%, ranked against its industry; Harmony Gold Mining (HMY) has no revenue growth figure this period.
EPS Growth
Only one side can be read here: Wheaton Precious Metals (WPM) reports EPS growth of 177.85%, ranked against its industry; Harmony Gold Mining (HMY) has no EPS growth figure this period.
Growth Metrics
| Metric | HMY | WPM |
|---|---|---|
| Revenue Growth (YoY) | -- | 80.18% |
| Revenue Growth (3Y CAGR) | 26.28% | 29.53% |
| EPS Growth (YoY) | -- | 177.85% |
| EPS Growth (3Y CAGR) | 81.32% | 29.83% |
Financial Strength
Current Ratio (MRQ)
Both Harmony Gold Mining (HMY) at 0.84 and Wheaton Precious Metals (WPM) at 0.57 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.
HMY
Materials industry group
0.84
- Max
- 5.96
- Q3
- 3.30
- Median
- 2.24
- Q1
- 1.45
- HMY
- 0.84
- Min
- 0.16
WPM
Materials industry group
0.57
- Max
- 5.96
- Q3
- 3.30
- Median
- 2.24
- Q1
- 1.45
- WPM
- 0.57
- Min
- 0.16
Debt / Equity (MRQ)
Harmony Gold Mining (HMY) at 0.13 keeps leverage in the lower industry quartile, while Wheaton Precious Metals (WPM) at 0.16 runs a more typical debt-to-equity mix.
HMY
Materials industry group
0.13
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- Q1
- 0.13
- HMY
- 0.13
- Min
- 0.00
WPM
Materials industry group
0.16
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- WPM
- 0.16
- Q1
- 0.13
- Min
- 0.00
Financial Strength Metrics
| Metric | HMY | WPM |
|---|---|---|
| Current Ratio (MRQ) | 0.84 | 0.57 |
| Debt / Equity (MRQ) | 0.13 | 0.16 |
| Net Debt / EBITDA | 0.02 | 0.50 |
Dividends
Dividend Yield (TTM)
Wheaton Precious Metals (WPM) at 0.57% pays an industry-typical yield; Harmony Gold Mining (HMY) at 75.74% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.
HMY
Materials industry group
75.74%
- HMY
- 75.74%
- Max
- 4.52%
- Q3
- 1.85%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
WPM
Materials industry group
0.57%
- Max
- 4.52%
- Q3
- 1.85%
- WPM
- 0.57%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Harmony Gold Mining (HMY) at 15.28% and Wheaton Precious Metals (WPM) at 16.29% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
HMY
Materials industry group
15.28%
- Max
- 83.62%
- Q3
- 41.37%
- HMY
- 15.28%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
WPM
Materials industry group
16.29%
- Max
- 83.62%
- Q3
- 41.37%
- WPM
- 16.29%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | HMY | WPM |
|---|---|---|
| Dividend Yield (TTM) | 75.74% | 0.57% |
| Dividend Payout Ratio (TTM) | 15.28% | 16.29% |
Valuation
P/E Ratio (TTM)
Harmony Gold Mining (HMY) at 6.27 sits in the cheaper P/E ratio quartile, while Wheaton Precious Metals (WPM) at 29.63 is closer to its industry’s usual earnings multiple — a discount for HMY, though growth and earnings durability still matter.
HMY
Materials industry group
6.27
- Max
- 59.00
- Q3
- 32.93
- Median
- 18.82
- Q1
- 11.96
- HMY
- 6.27
- Min
- 3.93
WPM
Materials industry group
29.63
- Max
- 59.00
- Q3
- 32.93
- WPM
- 29.63
- Median
- 18.82
- Q1
- 11.96
- Min
- 3.93
P/S Ratio (TTM)
Harmony Gold Mining (HMY) at 0.11 sits in the cheaper P/S ratio quartile while Wheaton Precious Metals (WPM) at 17.86 prices above its industry range — a wide gap in sales valuation between them.
HMY
Materials industry group
0.11
- Max
- 9.62
- Q3
- 4.34
- Median
- 1.87
- Q1
- 0.73
- HMY
- 0.11
- Min
- 0.00
WPM
Materials industry group
17.86
- WPM
- 17.86
- Max
- 9.62
- Q3
- 4.34
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
P/B Ratio (MRQ)
Harmony Gold Mining (HMY) at 2.34 is valued about in line with its industry on P/B ratio, while Wheaton Precious Metals (WPM) at 6.17 carries an above-peer premium to book — WPM is pricier on assets.
HMY
Materials industry group
2.34
- Max
- 6.59
- Q3
- 3.55
- HMY
- 2.34
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
WPM
Materials industry group
6.17
- Max
- 6.59
- WPM
- 6.17
- Q3
- 3.55
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
Valuation Metrics
| Metric | HMY | WPM |
|---|---|---|
| P/E Ratio (TTM) | 6.27 | 29.63 |
| P/S Ratio (TTM) | 0.11 | 17.86 |
| P/B Ratio (MRQ) | 2.34 | 6.17 |
| Free Cash Flow Yield (TTM) | 91.49% | -5.11% |