HMY's FY25 Output Target in Sight Despite 9M Dip: Can It Deliver?

Group 1 - Harmony Gold Mining Co. Ltd. (HMY) is confident in achieving its fiscal 2025 production guidance of 1.4-1.5 million ounces of gold despite a 6% year-over-year decline in gold output to approximately 1.11 million ounces in the first nine months due to unprecedented rainfall affecting operations [1][6] - The company raised its underground recovered grade guidance to 6.00g/t from 5.80g/t, expecting to exceed this target based on strong performances from its Mponeng and Moab Khotsong assets [2][6] - HMY's shares have increased by 68.9% year to date, outperforming the Zacks Mining – Gold industry's rise of 58.7%, attributed to a surge in gold prices [5] Group 2 - AngloGold Ashanti plc (AU) reported a 22% year-over-year increase in gold production to 720,000 ounces in the first quarter of 2025, marking its strongest first-quarter production since 2020 [3] - Gold Fields Limited (GFI) achieved a 19% year-over-year increase in attributable equivalent gold production to 551,000 ounces in the first quarter of 2025 and remains on track to meet its production guidance for the year [4] - The Zacks Consensus Estimate for HMY's fiscal 2025 earnings indicates a significant year-over-year rise of 190.8%, with EPS estimates trending higher over the past 60 days [7] Group 3 - HMY is currently trading at a forward 12-month earnings multiple of 4.87, which is approximately 61.7% lower than the industry average of 12.72X, and holds a Value Score of B [8] - HMY stock is rated as a Zacks Rank 1 (Strong Buy) [10]