Hmy stock price forecast models benefit from bullish commodity

HMY stock price forecast models benefit from bullish commodity trends. Gold mining sector ETFs have gained 4% in the past month, and Harmony’s hedging strategy may cushion against short-term price volatility, supporting a stable upward bias. Prior to today's trading, shares of the gold miner had gained 11.79% outpaced the Basic Materials sector's loss of 1.5% and the S&P 500's gain of 1.21%. Earnings estimates for HMY for fiscal 2025 have been going up over the past 60 days. The Zacks Consensus Estimate for fiscal 2025 has been revised upward over the same time frame. HMY stock price forecast suggests Harmony Gold Mining may see moderate upside if gold spot prices stay above $2,250/oz. Technical charts show a resistance near $5.20 and support at $4.65, with RSI hovering around 55 indicating neutral momentum.