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Harmony Gold Mining ( (HMY) ) has shared an update.
On May 27, 2025, Harmony Gold Mining announced its acquisition of MAC Copper Limited, which owns the high-grade CSA Copper Mine in Australia. This strategic move, valued at approximately $1.03 billion, aligns with Harmony’s objective to diversify and strengthen its portfolio by adding a premium copper asset. The acquisition is expected to enhance Harmony’s cash flow and operational capabilities, supporting its transformation into a significant global player in the gold and copper mining industry. The CSA mine, known for its high-grade copper production, offers a long mine life and significant exploration potential, contributing to Harmony’s growth strategy.
The most recent analyst rating on (HMY) stock is a Hold with a $12.06 price target. To see the full list of analyst forecasts on Harmony Gold Mining stock, see the HMY Stock Forecast page.
Spark’s Take on HMY Stock
According to Spark, TipRanks’ AI Analyst, HMY is a Outperform.
Harmony Gold Mining’s stock score reflects its solid financial performance, marked by growth and efficient cash flow management. The earnings call supports this with strong interim results and strategic initiatives for future growth. While technical indicators suggest mixed momentum, the company’s valuation is fair, aligning with its robust financial health. Challenges such as increased costs and project delays are balanced by strategic investments and safety improvements.
To see Spark’s full report on HMY stock, click here.
More about Harmony Gold Mining
Harmony Gold Mining Company Limited is a specialist mining company based in South Africa, focusing on gold and copper production. With over 75 years of experience, Harmony is transitioning into a global gold and copper producer, emphasizing safe, profitable operations and value-accretive acquisitions.
Average Trading Volume: 6,474,878
Technical Sentiment Signal: Buy
Current Market Cap: $9.92B
For an in-depth examination of HMY stock, go to TipRanks’ Stock Analysis page.