10 Best Gold Stocks to Buy for the Long Term

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

On April 15, 2026, Morgan Stanley analyst Christopher Nicholson upgraded Harmony Gold Mining Company Limited (NYSE:HMY) to Overweight from Equal Weight and raised the price target to ZAR 34,000 from ZAR 30,000 previously. Christopher Nicholson said that the firm is increasing earnings estimates and price targets across its gold coverage, primarily due to a higher gold price forecast, and noted that Harmony has underperformed global and South African peers over the past 15 months, providing a valuation buffer.

Last month, Harmony Gold Mining Company Limited (NYSE:HMY) reported revenue of ZAR 44.4B, up 20% year-over-year, compared to an estimate of ZAR 47.56B. For CSA copper guidance, Harmony expects production of 17,500 to 18,500 tonnes for the period ending June 30, 2026, with output temporarily impacted by a planned one-month halt at the CSA mine to replace steel on two shaft levels. Harmony Gold Mining Company Limited (NYSE:HMY) also revised its dividend policy, saying “Our strengthened cash generation has enabled us to revise our dividend policy to ensure that up to 50% of our net free cash is returned to investors,” and declared an interim dividend of ZAR 5.30, or 32c per share.

Harmony Gold Mining Company Limited (NYSE:HMY) explores, extracts, and processes mineral properties across South Africa, Papua New Guinea, and Australia.