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Harmony Gold Mining ( (HMY) ) has issued an announcement.
On October 24, 2025, Harmony Gold Mining Company Limited announced the completion of its acquisition of MAC Copper Limited, securing full ownership of the high-grade CSA copper mine in New South Wales, Australia. This strategic acquisition, valued at approximately US$1.01 billion, was funded through cash reserves and a bridge facility, and is expected to enhance Harmony’s position as a global gold and copper producer. The integration of the CSA mine is set to begin immediately, aiming to align its operations with Harmony’s frameworks to boost efficiency and contribute to long-term growth. This move marks a significant step in Harmony’s strategy to expand its copper production capabilities, reinforcing its commitment to sustainable value creation.
The most recent analyst rating on (HMY) stock is a Buy with a $20.50 price target. To see the full list of analyst forecasts on Harmony Gold Mining stock, see the HMY Stock Forecast page.
Spark’s Take on HMY Stock
According to Spark, TipRanks’ AI Analyst, HMY is a Outperform.
Harmony Gold Mining’s strong financial performance and positive earnings call are the most significant factors driving the score. The company’s robust growth, profitability, and strategic initiatives in copper enhance its future prospects. Technical indicators suggest caution due to potential overbought conditions, and valuation metrics are reasonable but not overly compelling.
To see Spark’s full report on HMY stock, click here.
More about Harmony Gold Mining
Harmony Gold Mining Company Limited is a prominent gold and copper mining and development company with operations and assets in South Africa, Australia, and Papua New Guinea. It is South Africa’s largest gold producer by volume, with a diverse portfolio including underground mines, open pit operations, and surface retreatment operations. Harmony is listed on the Johannesburg Stock Exchange and the New York Stock Exchange, with a significant shareholder base in South Africa and the United States.
Average Trading Volume: 5,764,188
Technical Sentiment Signal: Buy
Current Market Cap: $10.98B
See more insights into HMY stock on TipRanks’ Stock Analysis page.