HMY
Harmony Gold MiningBNYSE / Materials
Last Price
At close
2026-06-02
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
5 setup hits (3d) with net bullish as of 2026-06-02.
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
59
Value
67
Sentiment
55
Setup hits (3d)
5 · Net Bullish
AI TargetsBase $18.00 · Bull $24.00 · Bear $12.50
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-01 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-20 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-06-02
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Bullish
Target $31.00
Why
Momentum59 · Δ7d +16.6
Value67 · Δ7d +0.5
Sentiment55 · Δ7d -1.9
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.
Lead driver: Value · See fundamentals
Momentum
59
34% active weight
Current posture
7d trendImproving
Δ7d
+16.6
Δ21d
+38.8
Value
67
32% active weight
Current posture
7d trendFlat
Δ7d
+0.5
Δ21d
+0.4
Sentiment
55
33% active weight
Current posture
7d trendSoftening
Δ7d
-1.9
Δ21d
-23.2
Why this grade
Composite grade B. Momentum 59.4 / Value 66.8 / Sentiment 54.9
Fundamentals (TTM)As of 2026-06-01
Fundamentals (TTM)
As of 2026-06-01
Market Cap
$10.83B
Beta
1.67
Shares Out
624.21M
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
+33.1%
Op Margin
+27.5%
Net Debt
-$590.29M
Current Ratio
1.72
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology

