Why Harmony Gold Mining Company Limited (HMY) Went Up on Friday

We recently compiled a list of the 10 Stocks End With Solid Performance. In this article, we are going to take a look at where Harmony Gold Mining Company Limited (NYSE:HMY) stands against the other stocks.

The stock market ended the trading week in the green territory with all major indices recording gains as investors digested latest US jobs data which fell short of expectations.

The tech-heavy Nasdaq posted the largest gain with 0.70 percent, followed by the S&P 500 with 0.55 percent, and the Dow Jones by 0.52 percent.

Ten companies across mixed sectors also mirrored a broader market optimism, booking modest gains during the end of the trading week. In this article, we have named the 10 top performers on Friday and detailed the reasons behind their performance.

To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

An open pit mine with heavy excavation machinery toiling away against the backdrop of a hidden valley.

Harmony Gold Mining Company Limited (NYSE:HMY)

Harmony Gold Mining Company Limited (NYSE:HMY) extended its winning streak for a fifth straight day on Friday to end 9.12 percent higher at $11.84 apiece as investor sentiment remained fueled by its stellar earnings performance in the first half of fiscal year 2025.

In a statement, Harmony Gold Mining Company Limited (NYSE:HMY) said net income in the first semester grew 33 percent to R7.9 billion from R5.96 billion in the same period a year earlier, as revenues rose 18 percent to R37.1 billion from R31.4 billion, and gold revenues increased 19 percent to R35.4 million from R29.7 million.

Total gold production, meanwhile, decreased by 4 percent but was in line with the company’s expectations.

Harmony Gold Mining Company Limited (NYSE:HMY) is a leading gold producer that operates mining projects across South Africa, Papua New Guinea, and Australia.

Overall HMY ranks 8th on our list of Friday’s top performers. While we acknowledge the potential of HMY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HMY but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.