Harmony Gold Mining Company Lim (HMY) Fair Value 2026

HMY · Gold and Silver Ores ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

9.1 /10

32 fundamental signals · 13 models active

Value Trap Risk

(—/100)

Quick Summary — As of 2026-07-13, Harmony Gold Mining Company Lim (HMY) trades at $14.98, approximately 23% above CirclFi’s Bayesian DCF fair value of $12.18. QOC: 9.1/10. 13/13 models active.

Key Facts

Ticker
HMY
Price
$14.98
Quality Score
9.1/10
Value Trap Risk
—/100
Models Active
13/13
Last Updated
Strength: First Chicago suggests +12.9% upside with 44% confidence
Risk: Majority of models suggest overvaluation

Valuation Matrix

13 Intrinsic Value Models vs. Current Price ($14.98)

Core Models (Unlocked)
Model Fair Value Upside
Bayesian DCF
High Conviction
$12.18 -18.7%
Earnings Power Value
High Conviction
$2.40 -84.0%
CUCE Ensemble
Low Conviction
$11.08 -26.1%
First Chicago
Medium Conviction
$16.91 +12.9%

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What Is Harmony Gold Mining Company Lim (HMY) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Harmony Gold Mining Company Lim's intrinsic value is estimated at a composite fair value of $11.49. Trading at $14.99, the stock is approaching fair value or slight overvaluation (implied return of -23.3%), as 9 of 13 models suggest limited further upside. Notably, ML-RIV sees the most upside at +61.0% (fair value: $24.13), while Sentiment SOTP is the most conservative at -91.5% ($1.27). The spread between these extremes — +152.6% — reveals how different analytical frameworks can reach starkly different conclusions.

What Do the Models Say About HMY?

13 of 13 models are currently active for HMY. Of these, 4 models suggest upside while 9 models suggest overvaluation. The Bayesian DCF estimates HMY's intrinsic value at $12.18, implying -18.7% downside from the current price. See which stocks rank higher →

How Does HMY Rank in Gold and Silver Ores?

Among 64 Gold and Silver Ores stocks, HMY ranks #5 by Quality of Company score. CirclFi's QOC score of 9.1/10 evaluates 32 fundamental signals. A score of 9.1 places HMY in the top tier.

See all Most Undervalued Gold and Silver Ores Stocks →

Harmony Gold Mining Company Lim operates in a competitive landscape where fundamental quality metrics are key differentiators for long-term value creation.

Is HMY a Value Trap?

The Value Trap algorithm is not active for HMY. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

13 of 13 models are active for Harmony Gold Mining Company Lim. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, Harmony Gold Mining Company Lim earns a quality score of 9.1/10. This exceptional rating reflects the company's standing across 32 fundamental signals spanning profitability, growth consistency, balance sheet strength, and capital allocation efficiency.

The gap between the most bullish and bearish model spans +152.6% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every HMY valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across HMY's 13 active models, average confidence is 37%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Harmony Gold Mining Company Lim Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Gold and Silver Ores Stocks Should You Also Analyze?

8 related Gold and Silver Ores stocks with 13-model coverage

Read investment analysis: FSM · NEM · DRD · AU · IDR

See all Gold and Silver Ores stocks ranked →

Frequently Asked Questions About Harmony Gold Mining Company Lim

What is Harmony Gold Mining Company Lim's intrinsic value in 2026?

Based on CirclFi's 13-model analysis, Harmony Gold Mining Company Lim (HMY) has multiple fair value estimates. The Bayesian DCF model runs 10,000 Monte Carlo simulations with jump-diffusion to estimate intrinsic value at $12.18. The Quality of Company score is 9.1/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is HMY overvalued or undervalued right now?

At $14.98, 4 of 13 active models suggest HMY may be undervalued, while 9 indicate potential overvaluation. The assessment depends on which methodology best fits Harmony Gold Mining Company Lim's business model in Gold and Silver Ores.

What does a Quality of Company score of 9.1 mean for HMY?

Harmony Gold Mining Company Lim's QOC of 9.1/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on HMY?

CirclFi analyzes HMY with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 13 of 13 are active for this stock. Read the full methodology →

Is HMY a value trap in 2026?

CirclFi's Value Trap algorithm does not have sufficient data for HMY at this time. Browse stocks by value-trap risk →

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