Why Harmony Gold Mining Company Ltd (HMY) Went Up On Thursday?

From Yahoo Finance: 2025-04-11 06:44:00

Harmony Gold Mining Company Ltd (HMY) soared by 10.55 percent on Thursday amid higher gold prices, reaching $16.24 per share. Gold spot prices rose by 0.35 percent to $3,187.30 per ounce, hitting an all-time high during the session. Bank of America raised its gold price targets to $3,063 per ounce this year and $3,350 per ounce in 2026, boosting HMY and other gold mining firms. HMY reported a 33 percent increase in net income and an 18 percent rise in revenues in the first semester. Despite its success, our focus remains on AI stocks for potential higher returns in a shorter timeframe.



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