Harmony Gold Mining Company Limited (HAR.JO) stock analysis

In our weekly check, Harmony Gold Mining Company Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 1, red flags: 5.

About Harmony Gold Mining Company Limited

Harmony Gold Mining Company Limited is a Basic Materials company (Gold) based in South Africa, listed on JNB as HAR.JO.

What our checks show for HAR.JO

Red flags

• Operating profit covers interest only 1.8 times: a weak year could make the payments hard.
• The dividend takes 252% of profit: little cushion if profit falls.
• A small company (market value $99 million): usually riskier and followed by fewer analysts.
• The price swings a lot: 58% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 99% from a peak. Would you have held through that?

Warning signs

• The stock is still below its previous peak.

Strengths

• Net debt is only 0x a year of EBITDA: the balance sheet has room.
• The net margin rose by 29.4 points over 5 years, to 27%.
• The gross margin is 46.8% and has risen by 45.1 points: pricing power is holding.
• Revenue grew 30.3% a year over the last 3 years.
• Earnings per share grew 82% a year over the last 3 years.
• Net profit grew 82.6% a year over the last 3 years.

Similar companies

NEM · AEM · B · WPM · FNV · AU

Questions

What grade does Harmony Gold Mining Company Limited (HAR.JO) have?

In our weekly check, Harmony Gold Mining Company Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 1, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of HAR.JO stock?

This week's biggest flags for Harmony Gold Mining Company Limited: Weak interest cover, Dividend stretched, Small company. In total 6 of 25 checks show a warning or a red flag.

What does Harmony Gold Mining Company Limited do?

Harmony Gold Mining Company Limited is a Basic Materials company (Gold) based in South Africa, listed on JNB as HAR.JO.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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