Harmony Gold Mining Company Ltd. (NYSE:HMY) is one of the top performers on Friday, jumping 5.31 percent to end at $13.28 apiece as gold prices surged. Spot prices of gold were up by 0.97 percent to $3,450.29 per troy ounce, driven by expectations of an interest rate cut next month.

Gold benefits from lower interest rates, as they make yields from bonds less attractive and weaken the US dollar. Harmony Gold reported a stellar earnings performance in the full fiscal year of 2025, with net income jumping by 75 percent to $802 million from $459 million last year. Revenues grew 24 percent to $4.07 billion.

Following the results, Harmony Gold declared $8.88 worth of cash dividends to shareholders as of October 10 record, payable on October 13, 2025. While HMY shows promise as an investment, some AI stocks hold greater potential for higher returns with limited downside risk. For more information, see the report on the best short-term AI stock.

Read more at Yahoo Finance: Harmony Gold (HMY) Climbs as Gold Prices Jump