Update shared on 19 Nov 2025
Fair value Increased 0.25%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.
What's in the News
- Harmony Gold Mining provided production guidance for the 2026 fiscal year. The company projects group production between 1,400,000 and 1,500,000 ounces, with underground recovered grade guided at above 5.8g/t (Company guidance).
- The company reported gold production of 1,479,671 ounces for the year ended 30 June 2025, compared to 1,561,815 ounces a year earlier (Operating results announcement).
- A dividend of 155.00000 South African cents (8.88252 US cents) per ordinary share was declared for the 12 months ended 30 June 2025. The dividend will be payable on 13 October 2025 to shareholders on record as of 10 October 2025. The dividend is declared in South African currency (Dividend announcement).
Valuation Changes
- Consensus Analyst Price Target has risen slightly from ZAR336.67 to ZAR337.50.
- Discount Rate has decreased marginally from 18.70% to 18.66%.
- Revenue Growth forecast has increased modestly from 12.94% to 13.01%.
- Net Profit Margin expectation has edged down from 38.15% to 38.08%.
- Future P/E ratio has increased slightly from 8.64x to 8.65x.
Disclaimer
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