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HMY · Analysis updated Nov 10, 2026, 4:46 PM ET
Why is Harmony Gold Mining Company Limited (HMY) stock moving?
HMY rebounded about 22% from its Oct 30 low of $14.45 to $17.60 on Nov 9. It then gave back ground on Nov 10, closing at $16.37, down about 7%, as gold fell from a $4,149 open to roughly $4,040-4,080. Gold is still far below its January record of about $5,595. Analysts lean positive: consensus is Moderate Buy, Wall Street Zen upgraded the stock to buy, and FY26 results were strong, with revenue up about 34% and net profit more than doubled. The stock sits near its 50-day and 200-day averages of about $17.8, and it remains well below its 52-week high of $26.06. Risks include gold's sensitivity to the October CPI report and a Fed official's expectation of higher rates in December. Others are heavy planned capex, hedging losses, a $500m convertible bond and fatal seismic incidents at Mponeng and Moab Khotsong. Volume on Nov 10 was about 3.5M shares, roughly in line with recent sessions. The near-term view is balanced between the rebound and gold's volatility, with a modestly constructive lean further out.
News behind the analysis
- Harmony Gold Mining (NYSE:HMY) Stock Price Down 5.9% - Should You Sell?Shares fell 5.9% in Tuesday mid-day trading from a prior close of $17.60. Consensus is Moderate Buy, with two Buy ratings and one Hold.
- Harmony Gold Mining (NYSE:HMY) Stock Rating Raised to Buy at Wall Street ZenWall Street Zen upgraded HMY from hold to buy on Monday. Two analysts rate it Buy and one Hold.
- Harmony Gold Mining (NYSE:HMY) Upgraded at Wall Street ZenThe upgrade came alongside a 50-day average of $17.87 and a 200-day average of $17.81. Weiss Ratings trimmed its rating to B- on Oct 23.
- Gold price today, Tuesday, November 10, 2026: Gold opens above $4,100 for the first time in three weeksGold futures opened at $4,149 but slipped ahead of the October CPI report. A Fed official still expects higher rates in December, a headwind for gold.
- Gold Price Today (Kitco)Gold was $4,075.20 an ounce at 8:02 a.m. ET, down $64.20 on the day.
- Gold Price Today: November 10, 2026 (Forbes)Gold was down 1.34% over 24 hours and up 4.07% on the week. The record high was $5,595.46 on Jan 29, 2026.
- HMY Stock Quote Price and ForecastLists recent company news: FY26 reports published Oct 23, two new independent directors on Oct 16, and the $500m convertible bond priced Sep 22. The stock trades near the bottom of its 52-week range.
- Harmony Gold Mining Company Limited - CNBC quoteThe 52-week range is $13.03 to $26.06. The last dividend, ex-date Oct 9, was $0.454.
- Harmony Gold Mining Company Limited (HMY) Stock Price, Chart & NewsRecords record FY2026 results, a push into copper and a Morgan Stanley upgrade to Overweight.
- Harmony Gold Mining Company Ltd (HMY) - Google FinanceFY26 revenue rose about 34% to nearly R99.2B and net profit more than doubled to R30B. Heavy capex and hedging losses led to some profit-taking.
About Harmony Gold Mining Company Limited
Harmony Gold is a Johannesburg-based miner (also listed in Johannesburg as HAR) whose US shares are ADRs. It is one of South Africa's largest gold producers, runs the world's biggest gold tailings-retreatment operations by volume, and has recently added copper through its 2025 purchase of MAC Copper's CSA mine in Australia.
How it makes money
Most of its revenue comes from selling gold mined at deep underground mines and surface retreatment sites in South Africa, plus the Hidden Valley open-pit gold and silver mine in Papua New Guinea. In fiscal 2026 (year to June) it sold about 1.4 million ounces of gold. A smaller but growing share comes from copper at the CSA mine in Australia, which produced roughly 18,000 tonnes in its first part-year. Revenue for fiscal 2026 was about R99 billion. That figure is after hedging losses of about R9.6 billion, because the company locks in some future gold prices in advance.
What usually moves HMY
- Gold price in US dollars and rand
- South African rand exchange rate
- Mining costs such as electricity and labour
- Production, safety incidents and mine disruptions
- Copper growth projects like Eva Copper