15 Stocks That Outperform the S&P 500 Every Year For the Last 3 Years

12. Harmony Gold Mining Company Limited (NYSE:HMY)

3-Year Return as of the Close of March 12: 128%

Harmony Gold Mining Company Limited (NYSE:HMY) is a South Africa-based, as the name suggests, gold mining and exploration company. With a focus on exploration, extraction, and processing of mineral properties, the company mainly explores gold, uranium, silver, and copper deposits. The mining powerhouse has eight underground operations in the Witwatersrand Basin, an open-pit mine on the Kraaipan Greenstone Belt, and multiple surface source operations in South Africa. Incorporated in 1950, the company is dedicated to delivering safe performance and consistent production.

One of the largest gold mining companies recently delivered outstanding interim results, with increased production and reduced costs. However, the main contributor was a surge in gold prices. Harmony Gold Mining Company Limited (NYSE:HMY) concluded December 2024 with a net profit of $441M, compared to a net profit of $318M in the same quarter in 2023, highlighting a 23% year-over-year rise in average gold price.

The gold giant considers the acquisitions of Mponeng, Moab Khotsong, and Mine Waste Solutions, initiated in 2020, transformative for the company. With a more positive approach, the company is planning to invest in these high-yielding assets to extract as many benefits from these as it can. Since Phase II of Kareerand tailings storage facility expansion at Mine Waste Solutions is expected to be completed by the year’s end, we have something to look forward to.

This, along with the projects at Moab Khotsong and Mponeng, is anticipated to add a total of 5.2 million ounces of gold reserves and deliver an average recovered grade of about nine grams per tonne. Additionally, the much-awaited Eva Copper initiative is also progressing well, with only the final amendments now left. The project is expected to produce between 55,000 to 60,000 tonnes of copper per annum, along with 14,000 ounces of gold as a byproduct over its useful life of 15 years.

Analysts at CNN Business expect Harmony Gold Mining Company Limited (NYSE:HMY) to outperform the market over the next 12 months. The company has yielded around 90% more returns than the broader market in the last three years, so we can accept the analysts’ claim, particularly when management seems clear about how it plans to proceed.