Harmony Gold Mining is the largest gold producer in South Africa, producing 46.5% of all of South Africa’s gold in 2023. The current Harmony Gold share price ranges between R176.83 and R188.62.
Considered a major player in the global economy of gold, Harmony Gold marks its record year for the company. Alongside soaring prices for gold, Harmony Gold’s production also outperformed expectations.
Read more about Harmony Gold’s share price data, financial results for Fiscal Year 2024, final dividend declaration, and company forecast.
Harmony Gold JSE Share Price Data
The company’s current market capitalization is R 119.92. Meanwhile, its share price ranges between R 176.83 and 188.62. Its dividend yield is 1.67%—slightly lower than that of its South African competitor, Gold Fields Mining, which is 2.54%.
Harmony also reported R 1851.77 in Earnings per share twelve months trailing (EPS-TTM).
Harmony Gold is listed as HAR on the Johannesburg Stock Exchange (HAR:JSE), and HMY on the New York Stock Exchange (HMY:NYSE).
Refer to the table below.
| ZAR (South African Rand) | USD (US Dollar) | |
| Market capitalization | 119.92 billion | 6.881 billion |
| Price range | 176.83 – 188.62 | 10.15 – 10.82 |
| ESP-TTM | 1851.77 | 106.34 |
| Dividend yield | 1.67% | |
| Authorized shares | 1,200,000,000 | |
| Issued shares | 632,634,413 |
A Quick Look at Harmony Gold Mining
The company recently released its financial results for the fiscal year ended June 30, 2024, with an elevated performance level.
This FY marks an outstanding year for the company, outperforming expectations on production and cash flow.
According to the report, gold production increased by 12% to 832,000 ounces. Meanwhile, revenue increased by 25% to R61.379 million from R49.275 million last fiscal year 2023.
Basic earnings per share increased by 78% to 1386 SA cents compared to 780 SA cents in the previous report period. Investors would be happy to note the 132% increase in headline earnings per share.
Additionally, gold prices have hit a record high, driven by strong demand and favorable market conditions, reaching up to $2,500.
The company declared a final dividend of 94 SA cents per share with no special payout, up from 75 cents the prior fiscal year.
Harmony Gold Forecast
The mining company reported year-on-year production guidance between 1.4 million to 1.5 million ounces – a conservative guidance. However, CEO Peter Steenkamp states that the guidance is just because of upcoming investments.
Additionally, production costs to extract gold are also expected to increase between 13% to 22%, thus the modest outlook on production.
Company earnings are expected to grow by 17.8% at the end of the year, with analysts predicting another blockbuster year for the miner.
Seventeen hedge funds have maintained their bullish sentiment on the stock with stakes worth $171.88 million. The miner’s largest shareholder, Kopernik Global Investors, has a stake valued at $26.9 million as of June 2024.
Shareholders are particularly excited about Harmony Gold advancing several key development projects, including the Wafi-Golpu copper-gold deposit in Papua New Guinea, and the Eva Copper Project in Australia.
These two new projects are expected to enhance production and significantly expand the international footprint of Harmony Gold.
What Does Harmony Gold Do?
Harmony Gold is one of South Africa’s largest gold mining companies. It has nine underground mines, one open pit mine, and several surface operations. It is also involved in copper mining.
It also has operations in Papua New Guinea, and an Australian deal for Eva Copper is expected to close by the end of 2024.
The mining company has been led by CEO Peter Steenkamp for the last nine years. He is set to retire by the end of the year, and news of his successor has not been announced.
How to Invest in Harmony Gold Shares?
- Find a broker that offers access to JSE. Selecting the right broker is crucial when you want to start investing. Find one that is compatible with how you want to invest.
- Review the broker’s trading conditions. Research and consult other investors to avoid brokers that may exploit your capital. If possible, join a verified community of traders such as CommuniTrade to find the right brokers and help you make favorable decisions.
- Open an investment account. Register and verify your account. This gives you a convenient way to view and buy stocks via your broker’s website.
- Select “HAR” as the purchase you want to buy. Harmony Gold is listed as HAR on the Johannesburg Stock Exchange (JSE).
- Identify the right order. Stocks come in order types. Your account will allow you to view which orders your broker offers.
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