Harmony Gold shifts to copper/gold play with strong cash growth, shares undervalued for long-term gain.

Harmony Gold Mining is transitioning from solely gold to a combined copper and gold producer, with key projects like Eva Copper moving into early construction and CSA increasing production. The company expects a 50% surge in cash generation by fiscal year 2026, supporting significant capital expenditure growth. Its shares trade at a low price-to-earnings ratio of 5.13 and EV/EBITDA of 2.91, well below industry averages, indicating potential for substantial upside as the market recognizes its strategic shift.

Harmony Gold Mining's shares are trading at USD 17.18 on Pluang, up 4.69% in the last day, showing positive momentum. The stock has a market cap of $9.70 billion and a dividend yield of 4.75% as of Nov 05, 2026 21:02 WIB.