Harmony Gold Mining Company Limited (HMY)

HMY Stock Forecast

Stock Price Forecast

The 2 analysts that cover HMY stock have a consensus rating of "Buy" and an average price target of $12.2, which forecasts a -38.01% decrease in the stock price over the next year. The lowest target is $8.40 and the highest is $16.

Price Target: $12.2 (-38.01%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$8.40	$12.2	$16	$16
Change	-57.32%	-38.01%	-18.70%	-18.70%

* Price targets were last updated on Jul 17, 2025.

Analyst Ratings

The average analyst rating for HMY stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	May '25	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25
Strong Buy	0	0	0	0	0	1
Buy	0	0	0	0	0	0
Hold	1	1	2	2	2	2
Sell	2	2	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	2	2	2	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Shilan Modi HSBC	HSBC	Hold → Strong Buy Upgrades n/a	Hold → Strong Buy	Upgrades	n/a	n/a	Oct 9, 2025
Raj Ray BMO Capital	BMO Capital	Hold Initiates $16	Hold	Initiates	$16	-18.70%	Jul 17, 2025
Catherine Cunningham JP Morgan	JP Morgan	Hold Maintains $8.2 → $8.4	Hold	Maintains	$8.2 → $8.4	-57.32%	Nov 12, 2024
Catherine Cunningham JP Morgan	JP Morgan	Sell → Hold Upgrades $4.9 → $8.2	Sell → Hold	Upgrades	$4.9 → $8.2	-58.33%	Oct 10, 2024
Patrick Jones JP Morgan	JP Morgan	Sell Maintains $5.8 → $4.8	Sell	Maintains	$5.8 → $4.8	-75.61%	Jul 3, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

91.78B

Increased by 24.20%

from 73.90B

Revenue Next Year

94.61B

Increased by 3.08%

from 91.78B

EPS This Year

47.44

Increased by 107.36%

from 22.88

EPS Next Year

49.29

Increased by 3.89%

from 47.44

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jun 30, 2021	Jun 30, 2022	Jun 30, 2023	Jun 30, 2024	Jun 30, 2025	Jun 30, 2026	Jun 30, 2027
Revenue	41.73B	42.65B	49.28B	61.38B	73.90B	91.78B	94.61B
Revenue Growth	42.70%	2.19%	15.55%	24.56%	20.39%	24.20%	3.08%
EPS	8.25	-1.72	7.77	13.64	22.88	47.44	49.29
EPS Growth	-	-	-	75.55%	67.74%	107.36%	3.89%
Forward PE	-	-	-	-	-	7.18	6.92
No. Analysts	-	-	-	-	-	8	6

Financial currency is ZAR. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027	2028
High	99.7B	118.3B
Avg	91.8B	94.6B
Low	76.8B	80.4B

Revenue Growth

Revenue Growth	2026	2027	2028
High	34.9%	28.9%
Avg	24.2%	3.1%
Low	3.9%	-12.4%

EPS Forecast

EPS	2026	2027	2028
High	55.55	64.75
Avg	47.44	49.29
Low	41.15	35.86

EPS Growth

EPS Growth	2026	2027	2028
High	142.8%	36.5%
Avg	107.4%	3.9%
Low	79.9%	-24.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.