Harmony Gold Mining Company Ltd. (HMY) — closed signal from July 19, 2025
Target reached Published before the outcome was known, scored automatically when the window closed on October 17, 2025.
Predicted vs. what happened
What happened
Reached its target in 66 days.
The thesis — published July 19, 2025
The share price fell because gold dipped for a moment, yet the metal still trades above $2,300 an ounce. A big bank just started covering the stock. Harmony is also moving into copper and the weaker South African rand helps its costs, but rising expenses are a warning sign. If gold and copper stay firm, the share could climb back toward $19-$20 by the end of the year.
Primary drivers
- Gold above $2,300 means each extra dollar of price can quickly boost profits
- Buying the Eva copper project adds a second metal, giving the company new income
- The share looks deeply oversold, and past drops like this often snapped back over 30%
- New analyst coverage and a 75% rise this year keep money coming in, yet rising costs worry
How it played out
HMY: target reached in 66 days
Lyra published HMY at $13.89 on 2025-07-19 with a short-term thesis for 30% growth toward $17.98. The thesis pointed to gold above $2,300, the Eva copper project, an oversold setup after the drop, new analyst coverage, a 75% rise that kept money coming in, and rising costs as a warning sign.
Inside the window, the stock reached the target in 66 days. It later peaked at $22.25 on 2025-10-16, with a 60.2% gain. It ended the window at $19.96. The thesis played out, and the move went beyond the published target.
What happened during the window
On 2025-08-28, Harmony Gold reported fiscal 2025 results. The company said earnings rose, production fell to 46,023 kilograms from 48,578 kilograms, and adjusted free cash flow was $614 million.
Prices are shown split- and dividend-adjusted, matching what public charts show today.
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