Harmony Gold Stock Trading Cheaper Than Industry: Buy or Hold?

Harmony Gold Mining Company Limited (HMY) stock looks attractive from a valuation perspective. HMY is currently trading at a forward price/earnings of 6.8X, a roughly 46.7% discount when stacked up with the Zacks Mining – Gold industry’s average of 12.75X. It also has a Value Score of A.HMY is currently trading at a roughly 24.6% discount to its 52-week high of $12.29, reached on Oct. 22, 2024, as gold prices catapulted to new highs on U.S. election uncertainties and heightened geopolitical tensions. Harmon ...