Harmony Gold Mining Company Limited (HMY) — closed signal from July 5, 2025
Target reached Published before the outcome was known, scored automatically when the window closed on October 3, 2025.
Predicted vs. what happened
What happened
Reached its target in 79 days.
The thesis — published July 5, 2025
Harmony plans to buy a $1 B copper project, giving it income from both gold and copper. After a cease-fire headline pushed gold lower, trading volume jumped and investor optimism hit 98, hinting at more upside. The firm met yearly targets, which supports cash flow. Power cuts in South Africa and finishing the copper deal still pose risks. If gold steadies, the share could climb to $17-18 in the next quarter.
Primary drivers
- Buying surged after the gold dip, pointing to room for the stock to rise.
- $1 B copper purchase adds a second metal and may lure new investors.
- Company restated yearly goals, easing worries about near-term cash.
- Mood is strong, but South African power cuts remain a real concern.
How it played out
HMY: target reached in 79 days
Lyra published HMY at $14.31 on 2025-07-05 with expected growth of 19% and a target of $16.97. The thesis pointed to the planned $1 B copper purchase, buying after a gold dip, restated yearly goals, strong mood, and the risk from South African power cuts.
Inside the window, HMY reached the target in 79 days. It peaked at $18.87 on 2025-10-02, with a peak gain of 31.8%. It ended the window at $18.11. The published thesis played out, and the stock finished above the target.
What happened during the window
On Aug. 28, 2025, Harmony reported fiscal 2025 earnings. The company said production was in line with guidance and gave an outlook of 1.4 million to 1.5 million ounces for the year ahead.
Prices are shown split- and dividend-adjusted, matching what public charts show today.
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