Update shared on 05 Nov 2025
Fair value Increased 1.80%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.
What's in the News
- Harmony Gold Mining provided production guidance for fiscal year 2026, projecting group production between 1,400,000 and 1,500,000 ounces, with 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 in the previous year (Key Developments).
- A dividend of 155.00000 SA cents (8.88252 US cents) per ordinary share was declared for the 12 months ended 30 June 2025, payable in October 2025 (Key Developments).
Valuation Changes
- Fair Value Estimate has risen slightly, increasing from ZAR 330.71 to ZAR 336.67 per share.
- Discount Rate increased from 18.13% to 18.70%.
- Revenue Growth forecast increased modestly, moving from 12.65% to 12.94%.
- Net Profit Margin improved from 36.55% to 38.15%.
- Future P/E ratio decreased marginally from 8.83x to 8.64x.
Disclaimer
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