Shared on 04 Dec 25

Fair value Increased 8.15%

HAR: Copper Project And Payout Policy Will Shape Balanced Medium Term Outlook

Analysts have raised their price target for Harmony Gold Mining to around $365 from $337, reflecting higher assumed revenue growth and valuation multiples, despite more conservative margins and only a modest uptick in the discount rate. What's in the News Approved the high margin, long life Eva Copper Project after completing a three year feasibility update and FEED phase with Tier 1 contractors, significantly de risking the development pipeline and expanding exposure to copper alongside gold (Key Developments) Targeting first copper production from the Eva Project in the second half of calendar 2028, with ramp up timing planned to coincide with an anticipated structural copper supply gap that could support stronger long term pricing (Key Developments) Independent analysis estimates the Eva Copper Project could add over AUD 17 billion to Queensland's gross state product over its anticipated 15 year mine life, while creating substantial construction and operational employment in the North West region (Key Developments) Reported first quarter fiscal 2026 production, with group gold output down 8 percent year over year to 12 128 kg, but confirmed operations remain on track to meet full year guidance (Key Developments) Valuation Changes The fair value estimate has increased from ZAR 337.5 to ZAR 365.0, representing a moderate upward revision in the analyst price target.

Shared on 19 Nov 25

Fair value Increased 0.25%

HAR: Dividend Payout And Strong 2026 Production Guidance Will Drive Upside

Analysts have slightly increased their price target for Harmony Gold Mining from $336.67 to $337.50. They cite modest improvements in projected revenue growth and discount rates as the reasons for this adjustment.

Shared on 05 Nov 25

Fair value Increased 1.80%

HAR: Revenue Gains And Margin Expansion Will Drive Share Upside

Analysts have increased their price target for Harmony Gold Mining from $330.71 to $336.67. They cite improving revenue growth and expanding profit margins as key factors behind the more optimistic outlook.

Shared on 22 Oct 25

Fair value Increased 12%

Analysts have increased their price target for Harmony Gold Mining from $295.71 to $330.71, citing a modest improvement in projected profitability despite slightly lower expectations for revenue growth. What's in the News Harmony Gold Mining released production guidance for fiscal year 2026, forecasting group output between 1,400,000 and 1,500,000 ounces.

Shared on 08 Oct 25

Fair value Increased 1.97%

Analysts have raised their price target for Harmony Gold Mining from $290 to approximately $295.71, citing an improved profit margin and updated valuation metrics. This change comes despite slightly moderated revenue growth expectations.

Shared on 24 Sep 25

Fair value Increased 5.45%

Upgraded revenue growth (from 11.9% to 14.1%) and a higher net profit margin (from 30.59% to 35.16%) have driven a notable increase in Harmony Gold Mining’s consensus price target from ZAR275.00 to ZAR290.00. What's in the News Fiscal 2026 production guidance set at 1.4–1.5 million ounces, with underground recovered grade guided above 5.8g/t.

Shared on 29 Aug 25

Fair value Decreased 2.28%

The consensus analyst price target for Harmony Gold Mining has been revised downward, primarily reflecting a notable decrease in expected revenue growth, with the fair value target reduced from ZAR281.43 to ZAR275.00. What's in the News Declared a dividend of 155.00000 SA cents (8.88252 US cents) per ordinary share for the 12 months ended June 30, 2025.

Shared on 21 Jul 25

Fair value Increased 22%

The notable upward revision in Harmony Gold Mining’s fair value target is primarily driven by strong improvements in net profit margin and increased revenue growth forecasts, reflected in the new consensus analyst price target of ZAR281.43. What's in the News Harmony Gold expects FY25 production between 1,400,000 and 1,500,000 ounces.

Shared on 01 May 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

Fair value Increased 6.92%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

AnalystConsensusTarget has increased revenue growth from 9.4% to 10.4%.

Shared on 09 Apr 25

Fair value Increased 6.56%

AnalystConsensusTarget has increased revenue growth from 7.7% to 9.4%.

Shared on 02 Apr 25

Fair value Increased 2.80%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Increased 0.97%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 4.00%

AnalystConsensusTarget has increased revenue growth from 6.3% to 7.2%.

Shared on 12 Mar 25

Fair value Decreased 5.57%

AnalystConsensusTarget has decreased future PE multiple from 8.2x to 7.2x.

Analysts Lift Harmony Gold Price Target Amid Improved Profit Outlook and Updated Production Guidance

HAR: Copper Project And Payout Policy Will Shape Balanced Medium Term Outlook

HAR: Dividend Payout And Strong 2026 Production Guidance Will Drive Upside

HAR: Revenue Gains And Margin Expansion Will Drive Share Upside

Shared on 22 Oct 25

Shared on 08 Oct 25

Shared on 24 Sep 25

Shared on 29 Aug 25

Shared on 21 Jul 25

Shared on 01 May 25

Shared on 23 Apr 25

Shared on 17 Apr 25

Shared on 09 Apr 25

Shared on 02 Apr 25

Shared on 26 Mar 25

Shared on 19 Mar 25

Shared on 12 Mar 25