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HMY $8.02

HMY target price
8.02
0
0
Harmony Gold Mining Co. Ltd.
Type
Public
Traded as NYSE: HMY
Industry Gold
Headquarters Melrose Arch, South Africa
Key people
Patrice Motsepe (Chairman)
Peter Steenkamp (CEO)
Ferdinand Dippenaar
Bob Atkinson
Revenue $1.18 billion USD
Number of employees
N/A
Website www.harmony.co.za

Harmony Gold is the third largest gold mining company in South Africa, the 12th largest in the world (2009) and the 5th largest gold producer in the world. Harmony and its subsidiaries conduct underground and surface gold mining and related activities, including exploration, processing, smelting and refining. During the fiscal year ended 8 October 2004 (fiscal 2004), the company processed approximately 33.955 million tons of ore and sold 3,225,187 ounces (100,376.7 kg) of gold. It also has operations in Australia, Papua New Guinea and Canada. The company owns a number of mines including Elandskraal mine and Phakisa Mine. In South Africa, Harmony Gold holds at least nine mines, an open-pit mine, and many surface operations.[3]

The Big Bell Gold Mine was acquired by Harmony through the take over of New Hampton Goldfields Limited in April 2001 for A$54 million. Harmony closed the mine in June 2003, having found previous assessments of the grade at Big Bell over optimistic and making mining the deposits thereby unprofitable. In January 2010, the mine was sold to Aragon Resources Limited, who chose to rename the project to Murchison Bell.

Acquired through the take over of Abelle Limited in April 2003, Harmony sold on the Gidgee Gold Mine in November 2003 to Legend Mining for A$6.5 million.

The Hill 50 Gold Mine at Mount Magnet, in care and maintenance since December 2007, was acquired by Harmony in 2002 when the company took over Hill 50 Gold. Harmony sold the operation to Monarch Gold Mining in late 2007, but Monarch was unable to complete the transaction and went into administration in July 2008. After being unable to re-sell the mine, Harmony conducted a study in regards to carrying out mining at Hill 50 once more. It is currently considering the option of consolidating historic resources into one large super pit, rather than to carry out costly underground mining. Harmony expects the study to be completed in the third quarter of 2010.

The South Kalgoorlie Gold Mine became part of Harmony with the take over of Hill 50 Gold. Harmony sold the mine to Dioro Exploration NL and the later settled the purchase of the mine on 30 November 2007. Harmony received A$45 million for the operations, of which $25 million were in cash while the remainder was paid in Dioro shares.

Hidden Valley is an open-pit, gold-silver mine and processing plant in Morobe Province. The mine is approximately 210 km north-north-west of Port Moresby, and 90 km south-southwest of Lae. It is operated by Morobe Mining Joint Ventures, a 50:50 joint venture between Harmony and Newcrest Mining.

In late May to early June 2009 63 illegal miners died in a Free State, South Africa mine owned by Harmony Gold.

On Thursday 28 September at around 6pm the regional manager of Harmony Gold, Simphiwe Kubheka was shot dead at Harmony Mines in Welkom, South Africa.

In South Africa, Harmony Gold secured a license to sell a replica of the One Ring, made from gold taken from the Bloemfontein mine, the area where The Lord of the Rings author J. R. R. Tolkien was born. Their version of the ring, also inscribed with elvish script, sold in a variety of sizes in various jewellery stores throughout South Africa and directly through their website.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2020 2021-02-23 0.00 0.00
Q4 2019 2019-08-20 0.00 -0.36
Q2 2019 2019-02-12 0.00 0.00

Ratings

2016-07-12 Upgrade JPMorgan Chase & Co. Neutral to Overweight
2016-07-06 Upgrade Deutsche Bank AG Hold to Buy
2016-07-01 Upgrade Macquarie Underperform to Neutral
2016-03-15 Downgrade Macquarie Neutral to Underperform
2015-11-06 Upgrade Deutsche Bank Hold to Buy
2015-11-06 Upgrade Deutsche Bank AG Hold to Buy
2015-10-15 Reiterated Rating JPMorgan Chase & Co. Neutral
2015-09-14 Downgrade JPMorgan Chase & Co. Overweight to Neutral
2015-02-10 Upgrade BMO Capital Markets Underperform to Market Perform
2015-01-26 Upgrade JPMorgan Chase & Co. Neutral to Overweight
2014-10-22 Upgrade HSBC Underweight to Neutral
2014-09-08 Initiated Coverage JPMorgan Chase & Co. Neutral
2014-08-15 Downgrade HSBC Neutral to Underweight
2014-05-29 Upgrade HSBC Underweight to Neutral
2014-05-14 Upgrade JPMorgan Chase & Co. Neutral to Overweight
2014-04-01 Downgrade Deutsche Bank Buy to Hold
2014-03-14 Downgrade Macquarie Neutral to Underperform
2014-03-11 Upgrade CIBC Underperform to Sector Perform
2014-01-30 Downgrade JPMorgan Chase & Co. Overweight to Neutral
2013-12-03 Downgrade CIBC Sector Perform to Sector Underperform
2013-10-22 Upgrade Goldman Sachs Sell to Neutral
2013-08-08 Downgrade HSBC Securities Neutral to Underweight
2011-05-11 Upgrade HSBC Securities Underweight to Neutral $14 to $16
2011-03-25 Downgrade HSBC Securities Neutral to Underweight $14
2010-03-29 Initiated HSBC Securities Neutral $11
2009-11-02 Downgrade Deutsche Securities Buy to Hold
2009-07-06 Upgrade Deutsche Securities Hold to Buy
2009-05-27 Downgrade UBS Buy to Neutral
2009-01-26 Downgrade HSBC Securities Neutral to Underweight
2008-04-04 Downgrade UBS Neutral to Sell
2008-01-04 Upgrade UBS Sell to Neutral
2007-11-01 Downgrade UBS Neutral to Sell
2007-10-19 Initiated BMO Capital Markets Market Perform
2007-08-28 Reiterated William Blair Underperform $12.50 to $10.75
2016-07-12 Upgrade JPMorgan Chase & Co. Neutral to Overweight
2016-07-06 Upgrade Deutsche Bank AG Hold to Buy
2016-07-01 Upgrade Macquarie Underperform to Neutral
2016-03-15 Downgrade Macquarie Neutral to Underperform
2015-11-06 Upgrade Deutsche Bank Hold to Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks