Equinor ASA vs Harmony Gold Mining Co. — how do they compare? Equinor ASA trades at $35.83 (market cap $82.75B), while Harmony Gold Mining Co. trades at $14.85 (market cap $9.38B). The key difference: Equinor ASA is far larger — about 8.8× Harmony Gold Mining Co.'s market cap, and Equinor ASA pays the higher dividend (4.24%). Which is the better fit depends on your goals.
| EQNR | HMY | |
|---|---|---|
Market Cap | $82.75B | $9.38B |
Sector | Energy | Basic Materials |
52-Week High | $42.40 | $26.04 |
52-Week Low | $22.41 | $12.61 |
Enterprise Value | $94.51B | $9.72B |
Dividend Yield | 4.24% | 2.69% |
Signals from Pluang's Aura AI — not financial advice
EQNR trades at $36.19, up 0.36% on the day, with a bullish technical signal from moving averages. Recent earnings show mixed results, with a Q1 2026 beat but a Q3 2025 miss. The company maintains a strong balance sheet with $21.24B in cash and a low EV/EBITDA of 2.39. Recent news highlights strategic investments in subsea projects and a share buy-back program, reinforcing growth commitments.
The outlook is cautiously optimistic, supported by low valuation metrics and strategic asset expansions. Key risks include volatile energy prices and declining net income margins. Analyst sentiment is mixed, with a 30.43% buy rating, suggesting potential upside but requiring monitoring of execution on production targets.
Harmony Gold Mining (HMY) trades at $15.24, up 1.67% today, with bearish technical signals from moving averages. The company shows strong fundamentals with 2024 revenue of $61.38B and net income of $8.59B, delivering a 20.06% net margin. Recent earnings show mixed results with a Q4 2025 miss but previous quarters beating expectations. The stock offers a dividend yield with a $0.31 payment scheduled for May 2026.
HMY presents value with attractive valuation ratios (P/E 9.69, EV/EBITDA 5.04) and robust profitability (ROE 32.32%). However, analyst sentiment is cautious with 70% hold ratings, and technical indicators suggest near-term pressure. Key risks include gold price volatility and Federal Reserve policy impacts, while the transition to gold-copper hybrid operations offers long-term growth potential.
Trailing returns across standard periods
Latest headlines on both assets
Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2021 (52% oil) and ended the year with 5.4 billion barrels of proven reserves (49% oil). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.
Read more on EQNR →Harmony Gold Mining Co Ltd is a gold mining and exploration company having operations in South Africa and Papua New Guinea (PNG). Its projects include Bambanani, Joel, Masimong, Phakisa, Target 1, Tshepong, Unisel, Doornkop, and Kusasalethu. The group's segments are Tshepong Operations, Bambanani, Joel, Doornkop, Moab Khotsong, Hidden Valley, Target 1, Kusasalethu, Masimong, Unisel, and all other surface operations.
Read more on HMY →