Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Harmony Gold Mining Co's shares outstanding for the quarter that ended in Dec. 2025 was 625 Mil.
Harmony Gold Mining Co's quarterly shares outstanding
increased
from Jun. 2025 (623 Mil) to Dec. 2025 (625 Mil).
It means Harmony Gold Mining Coissued new shares from Jun. 2025 to Dec. 2025 .
Harmony Gold Mining Co's annual shares outstanding
increased
from Jun. 2024 (620 Mil) to Jun. 2025 (623 Mil).
It means Harmony Gold Mining Coissued new shares from Jun. 2024 to Jun. 2025 .
Harmony Gold Mining Co (OTCPK:HGMCF) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Harmony Gold Mining Co Shares Outstanding (EOP) Related Terms
Harmony Gold Mining Co Shares Outstanding (EOP) Historical Data
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The historical data trend for Harmony Gold Mining Co's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Harmony Gold Mining Co Shares Outstanding (EOP) Chart
HGMCF vs NEM, AU, RGLD: Shares Outstanding (EOP) Comparison
For the Gold subindustry, Harmony Gold Mining Co's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Harmony Gold Mining Co Shares Outstanding (EOP) vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Harmony Gold Mining Co's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Harmony Gold Mining Co's Shares Outstanding (EOP) falls into.
Harmony Gold Mining Co Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 625 Mil mean?
Harmony Gold Mining Co (HGMCF) has a Shares Outstanding (EOP) of 625 Mil as of Dec. 2025. The total shares a company has outstanding, at period-end. View historical data on Harmony Gold Mining Co and its competitors.
Is Harmony Gold Mining Co's Shares Outstanding (EOP) too high?
Harmony Gold Mining Co's current Shares Outstanding (EOP) is 625 Mil. Overall, Harmony Gold Mining Co has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harmony Gold Mining Co's Shares Outstanding (EOP) compare to NEM and AU?
Harmony Gold Mining Co's Shares Outstanding (EOP) of 625 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Metals & Mining company?
A good Shares Outstanding (EOP) depends on the Metals & Mining industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Harmony Gold Mining Co and its competitors. Harmony Gold Mining Co's current Shares Outstanding (EOP) is 625 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmony Gold Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Harmony Gold Mining Co (HGMCF) is currently considered Modestly Undervalued. The stock's GF Value™ is $19.86, compared to a current price of $17.45 — trading 12.1% below its estimated fair value. The current Shares Outstanding (EOP) is 625 Mil. Harmony Gold Mining Co's overall GF Score™ is 92/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Harmony Gold Mining Co (HGMCF), the current Shares Outstanding (EOP) is 625 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Harmony Gold Mining Co (HGMCF) Overvalued in 2026?
Based on GuruFocus' analysis, Harmony Gold Mining Co stock appears to be undervalued.
The current stock price of $17.45 is trading 12.1% below its estimated GF Value™ of $19.86.
GuruFocus considers Harmony Gold Mining Co to be Modestly Undervalued.
Key valuation signals for HGMCF:
Shares Outstanding (EOP): 625 Mil
GF Value™: $19.86 vs. price of $17.45 (12.1% below fair value)
No single metric tells the full story. See the HGMCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harmony Gold Mining Co Ltd is engaged in gold mining and related activities, including exploration, extraction, and processing. The group's primary product is gold bullion, produced at operations in South Africa and Papua New Guinea. Gold byproducts include uranium and silver. Strategic projects such as the Wafi-Golpu Project in the New Guinea Mobile Belt, the Eva Copper Project in the Mt Isa Inlier, Queensland, Australia, and the MAC Copper acquisition position the company as a gold-copper producer. The company operates across South Africa, Papua New Guinea, and Australia.
92GF Score
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