HMY
Harmony Gold MiningBNYSE / Materials
Last Price
At close
2026-07-18
Current thesis
The company is demonstrating strong operating leverage to gold prices, with 9MFY26 revenue up 34%, free cash flow up 87%, a return to net cash, and management still on track for full-year gold and copper guidance [#IR-2026-05-18]. Copper integration and Eva Copper add a second growth leg if execution stays on schedule.
Posture
Constructive
Lead driver
Value
What changed
Value remains the lead driver in the composite, 7D delta +0.2.
What can break
A retreat in gold prices would quickly compress cash-flow leverage because the recent operating strength was heavily supported by elevated realized prices [#IR-2026-03-09][#IR-2026-05-18].
Momentum
30
Value
67
Sentiment
65
Setup hits (3d)
— · Net —
AI TargetsBase $18.00 · Bull $24.00 · Bear $12.50
Data freshness
Prices
As of 2026-07-18
Fundamentals
As of 2026-07-17 • Vendor: Data Vendor v1
Scores
As of 2026-07-18 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-20 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-07-18
Investment thesis
As of 2026-07-18
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net —
Target $23.97
Why
Momentum30 · Δ7d +6.8
Value67 · Δ7d +0.2
Sentiment65 · Δ7d -0.6
So what
Strength-led posture. Favor watchlist adds and disciplined entries.
Lead driver: Value · See fundamentals
Momentum
30
26% active weight
Current posture
7d trendFlat
Δ7d
+6.8
Δ21d
+10.9
Value
67
39% active weight
Current posture
7d trendFlat
Δ7d
+0.2
Δ21d
+0.7
Sentiment
65
34% active weight
Current posture
7d trendSoftening
Δ7d
-0.6
Δ21d
+4.9
Why this grade
Composite grade B. Momentum 30.1 / Value 67.4 / Sentiment 65.1
Fundamentals (TTM)As of 2026-07-17
Fundamentals (TTM)
As of 2026-07-17
Market Cap
$9.24B
Beta
1.67
Shares Out
624.84M
P/E (TTM)
14.8
P/S (TTM)
2.92
P/FCF (TTM)
24.84
Rev YoY
+22.7%
EPS YoY
+147.0%
Gross Margin
+41.3%
Op Margin
+27.5%
Net Debt
-$605.36M
Current Ratio
0.54
As of 2026-07-18 • Updated nightlySource: Internal modelMethodology