ATLASATLAS fair value
ZAR 484.38
Below fair value · 45% discount
Range: ZAR 375–ZAR 564Fair valuePrice
Harmony Gold Mining (HAR.JSE)
Harmony Gold Mining share price today, ATLAS forecast and fair value
Basic Materials · Gold · Johannesburg Stock Exchange · South Africa
ZAR 267.94▲ +1.08%
Prices as of Oct 27, 2026 · ZAR
Chance of rising in 1 month
49%
that it ends higher than today in 21 sessions
0%coin flip 50%100%
This is just the summary. See everything on Harmony Gold Mining in ATLAS
ATLAS's own quantitative analysis, all in one place.
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
- Officers and shareholdersWho runs the company and which funds hold its shares.
- Customer and supplier mapWho it does business with, from its own filings.
- ATLAS builds your portfolioAnswer a short test and get portfolios that fit you.
- AlertsWe let you know when something changes in your stocks.
See everything included
- Valuation and financialsFair value step by step, quarterly accounts and upcoming events.
- NewsThe latest on the company, in one place.
- Crisis simulatorHow your portfolio would do in a crash like 2008.
- Practice risk-free$10,000 in virtual money to invest at real prices.
- Global screenerSearch US stocks and stocks from 47 countries with filters.
On Harmony Gold Mining
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
- Officers and shareholdersWho runs the company and which funds hold its shares.
- Customer and supplier mapWho it does business with, from its own filings.
- Valuation and financialsFair value step by step, quarterly accounts and upcoming events.
- NewsThe latest on the company, in one place.
And for you
- ATLAS builds your portfolioAnswer a short test and get portfolios that fit you.
- AlertsWe let you know when something changes in your stocks.
- Crisis simulatorHow your portfolio would do in a crash like 2008.
- Practice risk-free$10,000 in virtual money to invest at real prices.
- Global screenerSearch US stocks and stocks from 47 countries with filters.
Plans from €3.99 a month.
ATLAS estimates Harmony Gold Mining's fair value at about ZAR 484.38 per share (reasonable range: ZAR 375.26 to ZAR 563.89). At ZAR 267.94, the stock trades 45% below it.
It is calculated with a blend of a discounted cash-flow model and peer valuation multiples. Confidence in the estimate is medium. It is an estimate, not a promise: if the company's results change, so does its fair value.
ATLAS's model gives Harmony Gold Mining a 49% chance of finishing higher a month from now (21 trading sessions) than today: close to a coin flip.
In half of the simulated outcomes the price ends between ZAR 245.32 and ZAR 290.25; in 9 out of 10, between ZAR 211.34 and ZAR 336.92. Estimated annual volatility is 47%.
Price, last 12 months (weekly close)
Key numbers
- Market cap
- ZAR 175B
- Market cap (USD)
- $10.5B
- P/E ratio
- 6.0
- Dividend yield
- 0.05%
- 52-week high
- ZAR 428.88
- 52-week low
- ZAR 213.52
- Gross margin
- 49.6%
- Operating margin
- 47.2%
- Net margin
- 29.6%
- Beta
- 0.79
What this means
These are two different questions: fair value looks at the business (what it is worth given what it earns) and the odds look at the price over the next month. Harmony Gold Mining sits below fair value and its odds of rising over a month are close to a coin flip. An expensive stock can keep climbing and a cheap one can keep falling, which is why ATLAS shows the two readings separately.
Over the last 52 weeks HAR.JSE has traded between ZAR 213.52 and ZAR 428.88. Today it is 37.5% below that high and 25% above its low.
On the business: net margin is 29.6%; it trades at 6.0 times earnings.
Its beta is 0.79: it tends to move less than the market.
About the company
Harmony 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.
Want to see everything about Harmony Gold Mining?
Get started →Plans from €3.99 a month.
Comparable companies
Other companies in the same line of business:
Frequently asked questions
What is Harmony Gold Mining (HAR.JSE) fair value?
About ZAR 484.38 per share according to ATLAS (reasonable range: ZAR 375.26 to ZAR 563.89). With the stock at ZAR 267.94, it is 45% below it.
What is the chance HAR.JSE goes up next month?
49%: close to a coin flip. In half of the simulated outcomes, HAR.JSE ends the month between ZAR 245.32 and ZAR 290.25.
How big is Harmony Gold Mining and what is its P/E ratio?
Harmony Gold Mining's market capitalization is ZAR 175B. Its price-to-earnings (P/E) ratio is 6.0: you pay ZAR 6.01 for each ZAR 1.00 of yearly earnings.
Does Harmony Gold Mining pay a dividend?
Yes. HAR.JSE's current dividend yield is 0.05% at today's price (ZAR 267.94).
Not investment advice. ATLAS estimates are produced by statistical models from public data; they can be wrong and past performance does not predict future results. Consider your own situation before investing. Disclaimer