Analyst Consensus ?
ConsensusHold10 ratings
Bullish110.0%
Neutral770.0%
Bearish220.0%
Harmony Gold Mining Company Limited · HMY · FY2026 Q4 · Calendar Q3 2026
Harmony Gold posts record FY2026 while Eva Copper risks remain
Harmony Gold's record FY2026 performance and maintained Eva Copper plan support a constructive operating thesis, but delivery depends on project permitting, integration, liabilities and commodity prices.
Reported Before market openNYSEBasic Materials
$12.45B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.29
Consensus $1.29
EPS surprise
0.0%
Reported versus consensus
Reported revenue
$3.66B
Consensus $3.20B
Revenue surprise
+14.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-6.2%
Event window
SPY move
+0.7%
Same window
Abnormal move
-6.9%
Stock minus SPY
Volume
2.5×
Versus trailing sessions
Subsequent drift
-5.3%
Up to 20 sessions
HMYSPY benchmark
Ask FN2 about HMY FY2026 Q4
Transcript, numbers and history already loaded
Why did HMY fall 6.2% after beating EPS estimates in FY2026 Q4?What changed in HMY's guidance and outlook in FY2026 Q4?Give me the bull and bear case for HMY after FY2026 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis describes record FY2026 results, including 1.43 million ounces of gold production, 34% revenue growth, 54% adjusted free-cash-flow growth and a record final dividend. The CSA acquisition contributed to copper results, while management maintained CapEx guidance and the 2028 Eva Copper production target.
Guidance delta
Management maintained CapEx guidance and its target for first copper production at Eva Copper in 2028.
Key takeaways
- Gold production met guidance, while copper from the CSA acquisition was within expectations.
- EPS grew 87% and adjusted free cash flow reached a record level, according to the transcript analysis.
- Management highlighted mine-life extensions and exploration, alongside permitting and contingent-liability risks.
Management priorities
- Execute the 2026–2030 value-unlocking plan.
- Integrate and ramp up CSA while pursuing mine-life extensions and reserve conversion.
- Advance Eva Copper toward first production in 2028 and continue exploration.
Follow HMY with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| HSBC | Buy | Hold | Upgrade | Oct 9, 2025 |
| JP Morgan | Neutral | Neutral | Maintain | Nov 12, 2024 |
| UBS | Neutral | Buy | Downgrade | Sep 7, 2022 |
| Macquarie | Underperform | Neutral | Downgrade | Aug 28, 2018 |
| Bank of America | Neutral | Buy | Downgrade | Oct 20, 2017 |
| B of A Securities | Neutral | Buy | Downgrade | Oct 20, 2017 |
| Morgan Stanley | Equal Weight | Underweight | Upgrade | Nov 11, 2016 |
| Citigroup | Sell | Neutral | Downgrade | Nov 11, 2016 |
| Goldman Sachs | Neutral | Sell | Upgrade | Oct 22, 2013 |
| CIBC | Sector Perform | Sector Outperform | Downgrade | Jan 24, 2013 |
Track every rating change on HMY the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationHarmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia. The company explores for gold, uranium, silver, and copper deposits. It has nine underground operations in the Witwatersrand Basin; the Kraaipan Greenstone Belt; and various surface source operations in South Africa. In addition, the company owns interests in the Hidden Valley, an open-pit gold and silver mine; and the Wafi-Golpu project located in Morobe Province in Papua New Guinea. Further, it holds interest in Eva Copper Project located in Queensland, Australia. Harmony Gold Mining Company Limited was incorporated in 1950 and is based in Randfontein, South Africa.
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
Get the HMY recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-08-28T06:20:12.958890+00:00
- FN2 earnings calendar · 2026-09-21T01:23:13.071796+00:00
- Polygon adjusted daily market bars · 2026-09-21T03:50:49.259185+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.