From Yahoo Finance: 2025-05-28 04:35:00

Harmony Gold Mining Company Limited (HMY) saw share prices fall by 8.78% after announcing a $1.03 billion acquisition of MAC Copper Ltd. The deal is fully cash-paid and will help Harmony Gold enter the copper industry strategically by buying MAC Copper’s shares at $12.25 apiece, a 21% premium.

Upon closing the transaction, Harmony Gold will gain full ownership of MAC Copper’s CSA copper mine in Australia. Despite its potential, HMY ranks 3rd on the list of worst-performing stocks. The focus remains on AI stocks with higher return potential and limited downside risk, offering more promising investment opportunities.

Read more: Why Harmony Gold Mining Company Limited (HMY) Went Down On Tuesday