# Harmony Gold Mining Company Limited share price today (Harmony Gold Mining Company Limited, HMY)

> Harmony Gold Mining Company Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. HMY · Materials · Gold · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/hmy

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $15.10 (−8.5% in a year)
- P/E: 5.4×, against its own history
- Revenue (Jun 2026): ZAR 54.8 B (+49.2% on a year ago)
- Profit (Jun 2026): ZAR 19.6 B (+200.3% on a year ago)
- Operating margin: 47.2% (+17.5 points on a year ago)
- ROE: 39%, FY26
- ROIC: 41.0%, against a 8.9% cost of capital: +32.1 points

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the Harmony Gold Mining Company Limited share price today? Harmony Gold Mining Company Limited's share price was $15.10 at the close on 3 November 2026. It has been moving sideways for 6 weeks. That is 15.3% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 3 weeks running. In the last 52 weeks it traded between $13 and $24, and at that close it sat 17% of the way up from that low. Over the last 10 years the share price moved +239% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 16 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Harmony Gold Mining Company Limited pay? Harmony Gold Mining Company Limited declared ZAR 7.50 per local share for Jun 2026, and ZAR 16.62 over the last four reported quarters. It reports in South African rand, and one US-listed share can stand for several local shares, so we do not set this against the dollar price or show a yield. ## Which stock lists is Harmony Gold Mining Company Limited on? Harmony Gold Mining Company Limited is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Harmony Gold Mining Company Limited profitable? Harmony Gold Mining Company Limited earned ZAR 19.6 B of net profit in the Jun 2026 quarter, +200.3% on the same quarter a year earlier. That is the 4th quarter in a row of profit growth. Full-year FY26 profit was ZAR 29.3 B. Over 5 years profit has grown 41.8% a year on average. That is 35.7% of the quarter's revenue. The same quarter a year earlier earned ZAR 2.7 B. 2 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ZAR 29.3 B (+104.0% on the year before). Why profit moved: revenue changed +49.2% on a year earlier and the margin moved +17.5 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +100.4% and revenue +27.4%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. This company reports in South African rand, not US dollars, so the money charts are left out here. The figures in the text are in that currency (ZAR); nothing is converted. ## How much revenue does Harmony Gold Mining Company Limited make, and is it growing? Harmony Gold Mining Company Limited reported ZAR 54.8 B of revenue in the Jun 2026 quarter, +49.2% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 5 years it has grown 18.9% a year on average. The last full year, FY26, came in at ZAR 99.2 B. FY26 revenue was ZAR 99.2 B, +34.3% on the year before. Recent pace: the last four quarters grew +27.4% on average, against 18.9% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +56.5%, against +43.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +226.2%, against +210.4% a year (accelerating). This company reports in South African rand, not US dollars, so the money charts are left out here. The figures in the text are in that currency (ZAR); nothing is converted. ## How much of its sales does Harmony Gold Mining Company Limited keep? Harmony Gold Mining Company Limited's operating margin was 47.2% in the Jun 2026 quarter, 17.5 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Over the last four quarters it has moved +33.8 percentage points. Across 6 years it has been between 8.9% and 41.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +33.8 percentage points on the year while gross margin changed +16.9 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Harmony Gold Mining Company Limited's profit turning into cash? Over the last 3 years, 137% of Harmony Gold Mining Company Limited's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ZAR 33.6 B of operating cash against ZAR 29.3 B of profit. After ZAR 17.8 B of spending on assets, ZAR 15.8 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. This company reports in South African rand, not US dollars, so the money charts are left out here. The figures in the text are in that currency (ZAR); nothing is converted. ## Where does Harmony Gold Mining Company Limited's cash go? Harmony Gold Mining Company Limited does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent ZAR 38.1 B on assets over the last 3 years. Averaged over those years that is 12.8% of FY26 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: ZAR 38.1 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. This company reports in South African rand, not US dollars, so the money charts are left out here. The figures in the text are in that currency (ZAR); nothing is converted. ## What is Harmony Gold Mining Company Limited's P/E ratio, and how does it compare with its own history? Harmony Gold Mining Company Limited's P/E is 5.4×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Harmony Gold Mining Company Limited business getting better or worse? Harmony Gold Mining Company Limited's business is giving mixed signals. Revenue growth is rising at +56.5% while profit growth is slowing from its peak at +226.2%, so the lines disagree and each one tells part of the story. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Harmony Gold Mining Company Limited earn on its capital? Harmony Gold Mining Company Limited earned a ROE of 39% in FY26. That is up from a low of −4% in FY22. Its return on capital used (ROIC) is 32.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 29.6% net margin and 0.79× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 29.6% net margin × 0.79× asset turnover × 1.67× leverage (assets divided by equity) ≈ 39.1% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 41.0% − 8.9% = +32.1 percentage points. The 8.9% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 41.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 55.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Harmony Gold Mining Company Limited have too much debt? Harmony Gold Mining Company Limited has total debt of ZAR 9.5 B against shareholder equity of ZAR 75.4 B as of Jun 2026, so its debt is 0.13× its equity, which is very little. Year by year, that ratio went from 0.11 in FY21 to 0.13 in FY26. So the returns on this page come from the business, not from borrowed money. This company reports in South African rand, not US dollars, so the money charts are left out here. The figures in the text are in that currency (ZAR); nothing is converted. ## What is the Harmony Gold Mining Company Limited shareholding pattern? We have no ownership or short-position figures for Harmony Gold Mining Company Limited, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 3.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is Harmony Gold Mining Company Limited from balance-sheet trouble? For Harmony Gold Mining Company Limited, the Z-score is 4.43. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 4.43 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Harmony Gold Mining Company Limited rank in its industry? There is no score against its industry: Harmony Gold Mining Company Limited is not among the largest members shown in this industry comparison for Gold. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Harmony Gold Mining Company Limited compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Harmony Gold Mining Company Limited in size? Harmony Gold Mining Company Limited is the 14th largest of 36 Gold companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Coeur Mining, Inc., Equinox Gold Corp. and Alamos Gold Inc. Just below it: IAMGOLD Corporation, Eldorado Gold Corporation and B2Gold Corp. ### Gold companies close in size

1. [Coeur Mining, Inc.](https://www.sectoralpha.in/us/stocks/cde) $13.8 billion
2. [Equinox Gold Corp.](https://www.sectoralpha.in/us/stocks/eqx) $11.7 billion
3. [Alamos Gold Inc.](https://www.sectoralpha.in/us/stocks/agi) $11.3 billion
4. Harmony Gold Mining Company Limited $9.7 billion
5. [IAMGOLD Corporation](https://www.sectoralpha.in/us/stocks/iag) $9.1 billion
6. [Eldorado Gold Corporation](https://www.sectoralpha.in/us/stocks/ego) $8.3 billion
7. [B2Gold Corp.](https://www.sectoralpha.in/us/stocks/btg) $6.2 billion

[All 36 Gold companies, largest first](https://www.sectoralpha.in/us/sectors/gold#all-companies)

### Companies close in size in other industries

1. [Hudbay Minerals Inc.](https://www.sectoralpha.in/us/stocks/hbm) $9.7 billion · Copper
2. [Federal Realty Investment Trust](https://www.sectoralpha.in/us/stocks/frt) $9.6 billion · REIT - Retail
3. Harmony Gold Mining Company Limited $9.6 billion
4. [Zions Bancorporation, National Association](https://www.sectoralpha.in/us/stocks/zion) $9.6 billion · Banks - Regional
5. [Elastic N.V.](https://www.sectoralpha.in/us/stocks/estc) $9.6 billion · Software - Application

## What else do people ask about Harmony Gold Mining Company Limited? ### What were Harmony Gold Mining Company Limited Limited's latest quarterly results? Harmony Gold Mining Company Limited reported revenue of ZAR 54.8 B and net profit of ZAR 19.6 B for the Jun 2026 quarter. Revenue rose 49.2% and profit rose 200.3% compared with a year earlier. The operating margin was 47.2%, 17.5 percentage points higher than a year earlier (as of 3 November 2026). ### What is Harmony Gold Mining Company Limited Limited's market cap? Harmony Gold Mining Company Limited's market capitalisation is $9.7 B at a stock price of $15.10. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Harmony Gold Mining Company Limited Limited performing? Harmony Gold Mining Company Limited's share price has been moving sideways for 6 weeks. In its latest quarter, revenue rose 49.2% and profit rose 200.3% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 3 weeks running (as of 3 November 2026). ### Will Harmony Gold Mining Company Limited Limited's stock price go up? This page does not forecast Harmony Gold Mining Company Limited's stock price. What it shows instead: the stock price is $15.10, and it has been moving sideways for 6 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Harmony Gold Mining Company Limited Limited in its business cycle? Harmony Gold Mining Company Limited's FY26 operating margin was 41.0%, against a 6-year range of 8.9% to 41.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 47.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Harmony Gold Mining Company Limited Limited story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Harmony Gold Mining Company Limited Limited a stock worth studying right now? What the numbers show: Harmony Gold Mining Company Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.