Is HMY or HSLV more undervalued in 2026?

CirclFi compares Harmony Gold Mining Company Lim (HMY) and Highlander Silver Corp. (HSLV) using 13 institutional-grade valuation models. HMY has a Quality of Company score of 9.2/10 while HSLV scores 4.4/10.

Which is a better buy — HMY or HSLV?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do HMY and HSLV valuations compare?

HMY at $18.27 and HSLV at $5.50 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

HMY vs HSLV Valuation Comparison 2026 — Intrinsic Value Analysis

HMY

Gold and Silver Ores

Harmony Gold Mining Company Lim

Quality

9.2

out of 10

Value Trap

—

Price

$18.27

Last close

Models

13/13

Active

HSLV

Gold and Silver Ores

Highlander Silver Corp.

Quality

4.4

out of 10

Value Trap

—

Price

$5.50

Last close

Models

9/13

Active

Model-by-Model Comparison

Model	Type	HMY Fair Value	HMY Upside	HSLV Fair Value	HSLV Upside
Bayesian DCF	Intrinsic	$6.21	-66.0%	$1.64	-70.2%
Earnings Power Value	Intrinsic	$17.92	-1.9%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$5.25	-71.3%	$0.38	-93.1%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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HMY vs HSLV — Which Stock Is More Undervalued?

HMY scores higher with a 9.2/10 quality rating vs HSLV's 4.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Harmony Gold Mining Company Lim (HMY) and Highlander Silver Corp. (HSLV) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

HMY currently trades at $18.27 with a QOC of 9.2/10, while HSLV trades at $5.50 with a QOC of 4.4/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).