Harmony Gold Mining Company Limited (HMY)

FairStock Score: 72/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor in the Buffett-Graham tradition, I start with the business. Harmony Gold is a gold miner with underground and surface operations in South Africa, plus interests in Papua New Guinea and Australia. It sells a commodity, so it has little pricing power and no obvious durable moat; prosperity depends on gold prices, costs, and jurisdiction risk. The balance sheet looks conservative on the provided data: debt-to-equity is only 0.13, and FairStock calculates ROE of 48.05% and ROCE of 25.06%. Those are strong returns. Valuation also looks cheap at the 2026-10-13 close: FairStock's P/E is 5.90, P/B is 2.25, and its Graham Number is $72.72 against a $16.71 price, a 77.02% margin of safety. The dividend yield is 2.05%, and beta is 0.81.

In plain English: Harmony Gold mines gold and other metals in South Africa, Papua New Guinea, and Australia. The company earns high returns and uses little debt, but one financial-health check is very weak and no growth figures were provided. The share price looks low compared with the company's earnings and accounting value, but the risk signs mean it is not a clean bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer