HARMONY GOLD MINING CO LTD (HMY)
NYSEMaterialsGoldSnapshot 2026-09-04
NYSEMaterialsGoldSnapshot 2026-09-04
Research Workspace
Put HMY beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Materials: fringe margins under pressure (0q confirmed)
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisThis stock is highly volatile — it swings about 2% on a typical day and fell roughly 49% in its worst 12-month stretch.
View RiskHMY's growth depends on maintaining strong operational performance and demand for its products. Recent earnings showed record profits and revenue, indicating robust growth. HMY trades at a high multiple, with a miss probability of 69%. If sector bellwethers start missing earnings, HMY's growth could weaken. Peer multiples imply a price about 18% below where it trades. This read is provisional.
Trailing returns as of 2026-09-04. HMY is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 3 analysts currently covering HMY (as of Sep 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
Continue this research
Compare HMY with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| HMY Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 0 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Gold — fair value, gap to price, and forward P/E.
Compare the value case
Put HMY next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Record revenue indicates strong operational performance.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-09-04. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.

Earnings call provides insights into future growth potential.

Record profits indicate strong financial health and growth potential.

Earnings call provides positive outlook for future performance.

Earnings call confirms positive trends in financial metrics.

Earnings call highlights growth strategies and profitability.

Profit increase indicates strong price performance and demand.

Earnings call highlights provide insights into future performance.
