Harmony Gold: A Quiet Pivot The Market Is Still Pricing As The Old Mode
Harmony Gold is shifting towards a gold-copper hybrid model, with plans for Eva Copper to impact its revenue by 2028. The company is currently undervalued compared to its peers, despite having net cash and a strong dividend yield. This transition comes amid favorable market conditions for both gold and copper.
- ▪Harmony Gold is transitioning to a gold-copper hybrid model.
- ▪Eva Copper is expected to significantly rebalance the company's revenue mix by 2028.
- ▪HMY is trading at a discount to its peers, despite having net cash and a 4.06% forward dividend yield.
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