Harmony Gold’s Acquisition of MAC Copper Approved by Jersey Court

Harmony Gold Mining ( (HMY) ) has provided an update.

On October 10, 2025, Harmony Gold Mining Company Limited announced that the Royal Court of Jersey has sanctioned its acquisition of MAC Copper Limited through a scheme of arrangement. This legal approval allows Harmony to proceed with the acquisition, with the implementation expected on October 24, 2025, granting Harmony ownership and operational control of the CSA Copper Mine. This strategic move is anticipated to enhance Harmony’s market position by diversifying its mining portfolio to include copper, potentially impacting stakeholders positively by expanding the company’s operational footprint.

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 South African company operating in the mining industry, primarily focused on gold mining and exploration. The company is listed on the Johannesburg Stock Exchange under the share code HAR and is known for its extensive operations in South Africa and Papua New Guinea.

Average Trading Volume: 5,282,856

Technical Sentiment Signal: Buy

Current Market Cap: $11.83B

Learn more about HMY stock on TipRanks’ Stock Analysis page.