Harmony Gold Mining Co. (HGMCF) Stock Analysis & Winston Score
Harmony Gold Mining is one of the largest gold producers in Africa. It mines gold from operations in South Africa and Papua New Guinea. The company also produces some copper and silver as byproducts of its mining activities. Harmony makes money by selling gold and other metals on global commodity markets. It operates both underground and surface mines, with deep-level underground mines in South Africa being a key part of its portfolio. Its long history of mining in the Witwatersrand Basin gives it access to significant gold reserves, though these deep mines come with higher costs and safety challenges. The company's future growth depends on expanding its Papua New Guinea operations and maintaining production as some older South African mines age, while gold price fluctuations remain the biggest factor affecting profitability.
Winston Score: 87/100 — Exceptional
An exceptional business — strong profitability, growth, and balance sheet.
- Quality: Exceptional (26/30)
- Growth: Exceptional (19/20)
- Cash Flow: Exceptional (9/10)
- Stability: Exceptional (10/10)
- Valuation: Strong (8/10)
- Ownership: Good (10/15)
Key Facts
Price: $20.85
Market Cap: $13.0B
Sector: Basic Materials
Industry: Gold
Exchange: Other OTC

