News · Yahoo Finance

Harmony Gold’s 2027 Outlook: Record $1 Billion in Free Cash Flow and a Dividend That Nearly Quintupled

Harmony Gold (HMY) has a Superscore of 77 out of 100, placing it in the Strong band, with shares at $15.83 after falling about 3% over the past year. For fiscal 2026, revenue rose 34% to R99.2 billion, net profit more than doubled, and adjusted free cash flow reached roughly $1 billion, while the final dividend was raised from 155 to 750 South African cents. Much of the cash is going into copper, including the CSA mine, which produced 18,207 tonnes in its first year under Harmony, and the Eva Copper project under construction, with copper reserves up 71% to 4 million tonnes. The article also flags risks such as fatal safety incidents in South Africa, all-in sustaining costs of $2,195 per ounce, and political and regulatory exposure in South Africa and Papua New Guinea.

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