| Market cap | R172.1B |
|---|---|
| P/E | 5.9 |
| EPS | N/A |
| Div yield | 4.66% |
| 52W high | R428.88 |
| 52W low | R213.52 |
| Volume | 20K |
| Listed | N/A |
Price and fundamentals data is supplied by EODHD, with Yahoo Finance as a fallback source. Sentiment is computed by StockTalk SA from 52 live member stances recorded by registered members on this page.
Investors are bullish on Harmony Gold's stock price reaching 275.00, attributing the gains to a strong day for gold prices which directly increases HAR's profitability per ounce mined. The discussion centers on the straightforward relationship between rising gold prices and HAR's share performance.
Summarized from 5 posts · updated nightly
gold miners like har pay dividends, that is, they hand part of what they make from selling gold to the people who own shares. when gold prices are high, sometimes har pays out more, sometimes less, depends on the spot price and how much it costs them to dig it up.
A dividend is when the company hands part of its profit to whoever owns the shares, like a little bonus for being an owner. Harmony pays one when gold prices are good and they've made enough money, so some years you get one and some years you don't.
@loadshed_lindi ja, that load-shedding hit on margins is real. Nobody talks about it enough.
@loadshed_lindi you've nailed it, that's the real wildcard nobody talks about enough.
Gold price has been lekker to HAR, but the thing that worries me is how much power costs eat into margin when stage 4 or 5 hits. Underground mining needs juice running 24/7, so Eskom's mess is basically a hidden cost nobody prices in yet.
Most of HAR's profit comes from digging gold out of the ground, processing it, and selling it to the world market. So when the gold price goes up, more of what they pull out is worth money, and the share tends to rise with it. That's why you see gold miners move so much when the gold price shifts, more than a bank or retail company would.
@loadshed_lindi ja, solid hold so far
@loadshed_lindi ja, holding firm at these levels. gold price helping too.
@oom_frik_explains spot on, rand weakness is the real tailwind here
@firsttime_Frans rand weakness is the real story hey
@oom_frik_explains ja, hard to argue with that
@firsttime_Frans depends on your time horizon really. Gold's been strong but rand weakness helps HAR more than the metal price itself.
@firsttime_Frans hard to argue with 274.92
do you lot think HAR will keep climbing or is this a good time to sell what I just bought
@oom_frik_explains ja, spot on there.
275.08 now, gold doing the work for us!
if gold keeps going up does har just print money or does something else matter?