logo
HMY's Copper-Gold Pipeline Takes Shape: Can Execution Deliver Growth?

HMY's Copper-Gold Pipeline Takes Shape: Can Execution Deliver Growth?

Yahoo23-07-2025
Harmony Gold Mining Co. Ltd. HMY is positioning itself for long-term growth through disciplined execution of two transformative development projects — the Wafi-Golpu copper-gold project in Papua New Guinea (PNG) and the Eva Copper project in Australia.The Wafi-Golpu project is believed to be a game-changer for the company, with an estimated gold reserve of 13 million ounces. This Tier 1 asset, which is core to HMY's long-term strategy, is among the world's largest copper-gold block cave projects. HMY is currently in negotiations with its joint venture partner, Newmont Corporation NEM, and the PNG Government regarding the terms of a Mining Development Contract, which is required for a Special Mining Lease. The permitting of the project is on track.The low-risk Eva Copper project in Australia offers additional upside, giving HMY a significant global copper-gold footprint. HMY acquired Eva Copper in 2022, adding a tier-one mining jurisdiction to its portfolio. The acquisition is in line with HMY's objective of transitioning into a low-cost gold and copper mining company. The feasibility study update for the project is currently underway. Eva Copper is expected to produce 55,000-60,000 tons of copper per annum.These copper-gold assets are central to HMY's strategy of diversification beyond South African gold operations. Harmony's paired focus on Wafi-Golpu and Eva Copper, if executed on schedule, uniquely positions it to deliver transformative growth. Among its peers, AngloGold Ashanti plc AU is executing a clear strategy of organic and inorganic growth. Obuasi remains a significant pillar of AngloGold Ashanti's long-term strategy. AngloGold Ashanti's focus this year is to continue the implementation of the underhand drift and fill mining method and make stoping improvements. At Siguiri, efforts are underway to improve mining volumes through ongoing improvements to fleet availability and utilization. Gold Fields Limited GFI is advancing its high-grade Windfall project in Quebec, targeting 300,000 ounces of gold annually. Gold Fields acquired 100% ownership of the Windfall project through the completion of its acquisition of Osisko Mining in October 2024. Gold Fields is focused on obtaining the required environmental approvals for full-scale construction and mining.
HMY's Price Performance, Valuation & Estimates
Shares of Harmony Gold have rallied 64.9% over a year against the Zacks Mining – Gold industry's rise of 33.4%, thanks to a surge in gold prices.
Image Source: Zacks Investment Research
From a valuation standpoint, HMY is currently trading at a forward 12-month earnings multiple of 5.26, a roughly 56.3% discount to the industry average of 12.04X. It carries a Value Score of B.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for HMY's fiscal 2025 earnings implies a year-over-year rise of 190.8%. The EPS estimates for fiscal 2025 have been trending higher over the past 60 days.
Image Source: Zacks Investment Research
HMY stock currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Newmont Corporation (NEM) : Free Stock Analysis Report
AngloGold Ashanti PLC (AU) : Free Stock Analysis Report
Gold Fields Limited (GFI) : Free Stock Analysis Report
Harmony Gold Mining Company Limited (HMY) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Block Gears Up to Report Q2 Earnings: What's in the Offing?
Block Gears Up to Report Q2 Earnings: What's in the Offing?

Yahoo

timean hour ago

  • Yahoo

Block Gears Up to Report Q2 Earnings: What's in the Offing?

Block XYZ is set to report second-quarter 2025 results on Aug. 7, after market Zacks Consensus Estimate for second-quarter revenues is pegged at $6.32 billion, indicating an increase of 2.64% from the year-ago quarter's reported consensus mark for earnings stands at 60 cents per share, up by a penny over the past week. However, it suggests a decline of 35.5% from the figure reported in the year-ago quarter. Image Source: Zacks Investment Research For 2025, the Zacks Consensus Estimate for Block's revenues is pegged at $24.94 billion, implying a year-over-year rise of 3.4%. The consensus mark for full-year EPS stands at $2.45, calling for a 27.3% year-over-year the trailing four quarters, this fintech company's earnings surpassed the Zacks Consensus Estimate on one occasion, met in another and missed in the remaining two periods. This is depicted in the graph below: Block, Inc. Price and EPS Surprise Block, Inc. price-eps-surprise | Block, Inc. Quote Q2 Earnings Whispers for XYZ Our proprietary model predicts an earnings beat for Block this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here. You can see the complete list of today's Zacks #1 Rank stocks has an Earnings ESP of +0.84% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Factors Shaping Block's Q2 Results For the second quarter of 2025, Block expects a gross profit of $2.45 billion, suggesting year-over-year growth of 9.5%. Adjusted operating income is expected to be $450 million with an operating margin of 18%. For Square, the company expects high-single-digit Gross Payment Volume (GPV) growth in the second quarter, with April global GPV growth projected to be 9.6% on a year-over-year is strengthening its fintech ecosystem through its two key platforms — Square and Cash App — offering integrated solutions across payments, commerce, lending and banking. Square is regaining market share, reflecting effective product innovation and strategic seller has been a spate of positive news for Block during the second quarter, including the launch of Square Handheld in the United Kingdom, the official partnership of Square and Live Nation Canada for the extension of seamless commerce to Rogers Stadium and beyond, the teaming up of Cash App and WNBA All-Star Angel Reese and its partnership with Bambu Dessert Drinks to streamline and centralize consensus mark for Block's Transaction revenues is pegged at $1.81 billion, up from $1.55 billion in the prior quarter and $1.71 billion in the year-ago period. Square's ecosystem is expected to contribute $1.74 billion, while Cash App is expected to provide $69.47 million to transaction for Subscription and Services revenues are $2.03 billion for the second quarter, up from $1.89 billion in the prior quarter and $1.79 billion in the year-ago period. The consensus estimate for Bitcoin revenues is $2.52 billion, up from $2.30 billion in the prior quarter but down from $2.61 billion in the prior-year macroeconomic challenges like trade tariffs and softer discretionary spending are dampening activity on the Cash App Card. While near-term softness is apparent, gross profit is expected to accelerate in the second half of the year as Block deepens user engagement and expands features like Borrow and retroactive BNPL. Other Stocks That Warrant a Look Here are two other stocks from the broader Financial Services industry — StepStone Group STEP and Marex Group PLC MRX — which you may want to consider, as our model shows that these, too, have the right combination of elements to report a surprise this scheduled to report quarterly numbers on Aug. 7, currently has an Earnings ESP of +7.63% and a Zacks Rank of is slated to report quarterly numbers on Aug. 13. MRX has an Earnings ESP of +3.97% and flaunts a Zacks Rank of 1 at present. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marex Group PLC (MRX) : Free Stock Analysis Report StepStone Group Inc. (STEP) : Free Stock Analysis Report Block, Inc. (XYZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Chime Financial to Post Q2 Earnings: What's in Store for the Stock?
Chime Financial to Post Q2 Earnings: What's in Store for the Stock?

Yahoo

timean hour ago

  • Yahoo

Chime Financial to Post Q2 Earnings: What's in Store for the Stock?

Chime Financial, Inc. CHYM is slated to release second-quarter 2025 results on Aug. 7, after market close. The quarterly results are likely to display year-over-year growth in revenues. In the last reported quarter, this consumer financial technology company reported average revenue per Active Member (ARPAM) of $251, up from $231 in the prior-year quarter. Results reflected a year-over-year rise in revenues. However, higher operating expenses in the quarter undermined the performance to an extent. In the past six months, shares of this Zacks Rank #3 (Hold) company have lost 11.5% compared with the industry's decline of 2.2%. Image Source: Zacks Investment Research Factors to Consider Ahead of CHYM's Q2 Results Chime Financial is a Fintech company that provides fee-free mobile banking services through two national banks, Stride Bank and The Bancorp Bank. The company is likely to have continued to benefit from the secular growth trends of the consumer financial technology industry in the second quarter. In contrast to the revenue model of traditional banks, which is primarily driven by net interest margins, CHYM employs an asset-light, payments-driven revenue model. The company generates most of its revenue through interchange-based fees charged to merchants when members, via the card networks, use Chime-branded debit and credit cards. CHYM's unique technology platform and its digital-first approach give them both a cost-to-serve advantage and increased innovation pace compared with traditional banks. This is expected to have granted an advantage in the to-be-reported quarter. These factors are likely to have helped it generate stable revenues during the second quarter. The consensus estimate for quarterly total revenues is pegged at $505.6 million, indicating an increase from the prior-year quarter's reported figure of $384.2 million. The Zacks Consensus Estimate for the quarterly earnings per share (EPS) is pegged at negative $4.14. Here's What Our Quantitative Model Predicts for CHYM Our proven model does not conclusively predict a surprise in terms of EPS for Chime Financial this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an EPS beat, which is not the case here. Chime Financial currently has an Earnings ESP of -33.25% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Stocks That Warrant a Look Here are two stocks from the Zacks Financial - Miscellaneous Services industry — StepStone Group STEP and Marex Group PLC MRX — that you may want to consider, as our model shows that these have the right combination of elements to report a surprise this quarter. STEP, scheduled to report quarterly numbers on Aug. 7, currently has an Earnings ESP of +7.63% and a Zacks Rank of 3. Marex is slated to report quarterly numbers on Aug. 13. MRX has an Earnings ESP of +3.97% and a Zacks Rank of 1 at present. You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marex Group PLC (MRX) : Free Stock Analysis Report StepStone Group Inc. (STEP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

B2Gold Set to Report Q2 Earnings: What's in Store for the Stock?
B2Gold Set to Report Q2 Earnings: What's in Store for the Stock?

Yahoo

timean hour ago

  • Yahoo

B2Gold Set to Report Q2 Earnings: What's in Store for the Stock?

B2Gold Corp BTG is slated to report second-quarter 2025 earnings results on Aug. 7, after the closing bell. The Zacks Consensus Estimate for BTG's second-quarter earnings is pegged at 15 cents, indicating significant growth from the 6 cents reported a year ago. The consensus estimate has moved 15.4% north in the past 60 days. Image Source: Zacks Investment Research BTG's Earnings Surprise History B2Gold delivered an earnings beat in one of the trailing four quarters and lagged in the other three, the average negative surprise being 38.9%. Image Source: Zacks Investment Research What the Zacks Model Unveils for B2Gold Our proven model does not conclusively predict an earnings beat for BTG this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that is not the case here, as you can see can uncover the best stocks before they are reported with our Earnings ESP ESP: B2Gold has an Earnings ESP of +2.22%.Zacks Rank: BTG currently carries a Zacks Rank of 3. Factors Likely to Have Shaped BTG's Q2 Performance Several factors have contributed to the upward trajectory of gold prices in 2025, including increased geopolitical tensions, a depreciating U.S. dollar, the potential for monetary policy easing, continuous purchasing by central banks and tariff by these, the yellow metal broke through the $3,500-per-ounce threshold for the first time in April 2025. This momentum in the prices of gold is likely to have improved B2Gold's performance in the to-be-reported quarters.B2Gold expects to recoup the lost production at Fekola in 2025. In 2024, B2Gold reached an agreement with the Mali government regarding the ownership and earnings distribution of the Fekola gold mining complex. The Mali government has also committed to issuing the necessary permits for Fekola Regional and the exploitation phase of Fekola underground at a quicker pace. The impacts of higher year-over-year gold production and prices are expected to get reflected in B2Gold's top line in the second quarter of BTG has been witnessing cost inflation pressure across all sites, impacting input prices, including reagents, fuel and consumables. Higher fuel and labor costs, coupled with a stronger foreign exchange rate, are driving total costs. These headwinds are expected to have somewhat impacted the company's second-quarter margins. B2Gold's Share Price Performance BTG shares have gained 30.5% in the past year compared with the industry's growth of 46.8%. Image Source: Zacks Investment Research Other Stocks to Consider Here are some stocks with the right combination of elements to post an earnings beat in their upcoming releases. Hudbay Minerals Inc. HBM, slated to release second-quarter 2025 earnings on Aug. 13, currently has an Earnings ESP of +1.12% and a Zacks Rank of 3. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for Hudbay Minerals' earnings for the second quarter is pegged at 11 cents per share. The estimate indicates a significant climb from the break-even earnings in the year-ago quarter. Hudbay Minerals has a trailing four-quarter average earnings surprise of 50%.Triple Flag Precious Metals Corp. TFPM, scheduled to release second-quarter 2025 earnings on Aug. 6, presently has an Earnings ESP of +2.80% and a Zacks Rank of Flag's earnings for the second quarter are pegged at 21 cents per share, indicating year-over-year growth of 61.5%. Triple Flag has a trailing four-quarter average earnings surprise of 6.7%.The Mosaic Company MOS, scheduled to release second-quarter 2025 earnings on Aug. 5, has an Earnings ESP of +10.45% and a Zacks Rank # Zacks Consensus Estimate for MOS's earnings for the second quarter of 2025 is pegged at 67 cents, indicating an increase of 21.5% from the year-ago quarter's reported figure. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Mosaic Company (MOS) : Free Stock Analysis Report HudBay Minerals Inc (HBM) : Free Stock Analysis Report B2Gold Corp (BTG) : Free Stock Analysis Report Triple Flag Precious Metals Corp. (TFPM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store