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. The company also expects an underground recovered grade above 5.8 grams per ton (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 produced in the previous year (Key Developments).
- A dividend of 155.00000 SA cents (8.88252 US cents) per ordinary share for the 12 months ended 30 June 2025 was declared and will be paid in October 2025 (Key Developments).
Valuation Changes
- Consensus Analyst Price Target: Increased from ZAR 295.71 to ZAR 330.71. This reflects higher long-term fair value estimates.
- Discount Rate: Increased slightly from 18.09% to 18.13%.
- Revenue Growth: Adjusted downward from a 13.12% to a 12.65% projected annual increase.
- Net Profit Margin: Improved slightly from 36.10% to 36.55%.
- Future P/E: Increased from 7.88x to 8.83x, indicating a slightly higher valuation multiple.
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.