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Harmony Gold Mining Company Limited Stock Price

JSE:HAR Community·R197.1b Market Cap
  • 3 Narratives written by author
  • 0 Comments on narratives written by author
  • 100 Fair Values set on narratives written by author

HAR Share Price Performance

R315.50
45.32 (16.77%)
R395.00
Fair Value
R315.50
45.32 (16.77%)
20.1% undervalued intrinsic discount
R395.00
Fair Value
Price R315.50
AnalystHighTarget R395.00
AnalystConsensusTarget R332.50
AnalystLowTarget R280.00

HAR Community Narratives

·
Fair Value R395 20.1% undervalued intrinsic discount

Global Inflation And De-Dollarization Will Boost Gold And Copper Demand

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5users have followed this narrative
·
Fair Value R332.5 5.1% undervalued intrinsic discount

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

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33users have followed this narrative
·
Fair Value R280 12.7% overvalued intrinsic discount

Aging South African Mines Will Struggle Amid Rising Costs

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13users have followed this narrative
R395
20.1% undervalued intrinsic discount
Revenue
32.67% p.a.
Profit Margin
30.99%
Future PE
7.2x
Price in 2029
R669.54
R280
12.7% overvalued intrinsic discount
Revenue
11.25% p.a.
Profit Margin
50.1%
Future PE
5.36x
Price in 2029
R474.61

Trending Discussion

No trending discussion available.

Updated Narratives

HAR logo

HAR: Updated Assumptions And Jelani JV Progress Will Shape Medium Term Outlook

Fair Value: R332.5 5.1% undervalued intrinsic discount
33 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
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HAR: Jelani JV Progress Will Support Future Margin Upside

Fair Value: R395 20.1% undervalued intrinsic discount
5 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
HAR logo

HAR: Jelani JV Mining Right Progress Will Support Future Returns

Fair Value: R280 12.7% overvalued intrinsic discount
13 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative

Snowflake Analysis

High growth potential with solid track record.

1 Risk
3 Rewards

Harmony Gold Mining Company Limited Key Details

R81.2b

Revenue

R45.9b

Cost of Revenue

R35.3b

Gross Profit

R19.0b

Other Expenses

R16.3b

Earnings

Last Reported Earnings
Dec 31, 2025
Next Reporting Earnings
Aug 27, 2026
26.05
43.50%
20.06%
24.7%
View Full Analysis

About HAR

Founded
1950
Employees
34350
CEO
Beyers Nel
WebsiteView website
www.harmony.co.za

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia. The company explores for gold, uranium, silver, and copper deposits. It has nine underground operations in the Witwatersrand Basin; the Kraaipan Greenstone Belt; and various surface source operations in South Africa. In addition, the company owns interests in the Hidden Valley, an open-pit gold and silver mine; and the Wafi-Golpu project located in Morobe Province in Papua New Guinea. Further, it holds interest in Eva Copper Project located in Queensland, Australia. Harmony Gold Mining Company Limited was incorporated in 1950 and is based in Randfontein, South Africa.

Recent HAR News & Updates

Narrative Update Aug 13

HAR: Updated Assumptions And Jelani JV Progress Will Shape Medium Term Outlook

Analysts have trimmed their fair value estimate for Harmony Gold Mining from ZAR390 to ZAR332.50, reflecting updated assumptions for revenue growth, profit margins, and a slightly lower future P/E multiple. What’s in the News for Harmony Gold Mining Jelani Resources, the joint venture vehicle between Harmony Gold Mining subsidiaries and Lexington Gold, received formal confirmation from the Department of Mineral and Petroleum Resources that its Mining Right application for the Jelani JV Project has been accepted for processing under South African law.
Narrative Update Jul 29

HAR: Jelani JV Progress Will Support Future Margin Upside

Analysts have reduced their price target fair value for Harmony Gold Mining from ZAR450 to ZAR395, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that temper previous valuation expectations. What's in the News Jelani Resources, the joint venture between Harmony Gold Mining subsidiaries Lorraine Gold Mines and Avgold and Lexington Gold's unit White Rivers Exploration, received formal confirmation that its Mining Right application for the Jelani JV Project has been accepted for processing by the Department of Mineral and Petroleum Resources in South Africa.

Recent updates

No updates