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.
What's in the News
- The company issued new production guidance for fiscal year 2026, targeting between 1,400,000 and 1,500,000 ounces of gold. Underground recovered grade is expected to be above 5.8g/t (Key Developments).
- The company reported gold production of 1,479,671 ounces for the year ended 30 June 2025, compared to 1,561,815 ounces in the prior year (Key Developments).
- The company declared a dividend of 155 SA cents per ordinary share for the 12 months ended 30 June 2025, payable in October 2025 (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has risen slightly from ZAR 290 to approximately ZAR 295.71.
- Discount Rate increased marginally from 17.89% to 18.09%.
- Revenue Growth expectation has fallen from 14.11% to 13.12%.
- Net Profit Margin improved from 35.16% to 36.10%.
- Future P/E ratio climbed from 7.69x to 7.88x.
Disclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.