10 Stocks Outperform Broader Market Last Week

7. Harmony Gold Mining Company Ltd. (NYSE:HMY)

Higher gold prices and an optimistic outlook propelled Harmony Gold’s share prices by 10.44 percent last week to end at $14.06 from the $12.73 registered on March 21.

As of Friday, spot prices of gold were up by 0.91 percent to a new all-time high of $3,085.12 per ounce. Friday’s increase marked its 18th record high this year as investor funds flocked to safer assets such as gold to mitigate risks from the ongoing economic uncertainties.

Meanwhile, Bank of America raised its average gold price targets for this year and the next to $3,063 per ounce this year and $3,350 per ounce in 2026.

The new figures were markedly up from its previous forecasts of $2,750 per ounce for 2025 and $2,625 per ounce for 2026.

Earlier this year, HMY announced that its net income in the first semester grew by 33 percent to R7.9 billion from R5.96 billion in the same period a year earlier, as revenues rose by 18 percent to R37.1 billion from R31.4 billion, with gold revenues contributing to total revenue growth, increasing 19 percent to R35.4 million from R29.7 million.