WallStSmart

Barrick Mining Corporation (B)vsHarmony Gold Mining Company Limited (HMY)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Harmony Gold Mining Company Limited generates 379% more annual revenue ($81.15B vs $16.96B). B leads profitability with a 29.4% profit margin vs 20.1%. HMY appears more attractively valued with a PEG of 0.03. HMY earns a higher WallStSmart Score of 82/100 (A-).

B

Exceptional Buy

81

out of 100

Grade: A-

Growth: 9.3Profit: 9.0Value: 10.0Quality: 8.5
Piotroski: 7/9Altman Z: 2.38

HMY

Exceptional Buy

82

out of 100

Grade: A-

Growth: 8.7Profit: 9.5Value: 10.0Quality: 6.8
Piotroski: 5/9Altman Z: 3.27
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BUndervalued (+65.3%)

Margin of Safety

+65.3%

Fair Value

$137.12

Current Price

$37.69

$99.43 discount

UndervaluedFair: $137.12Overvalued
HMYUndervalued (+66.5%)

Margin of Safety

+66.5%

Fair Value

$64.68

Current Price

$14.55

$50.13 discount

UndervaluedFair: $64.68Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

B6 strengths · Avg: 9.5/10
Operating MarginProfitability
52.6%10/10

Strong operational efficiency at 52.6%

Revenue GrowthGrowth
64.5%10/10

Revenue surging 64.5% year-over-year

EPS GrowthGrowth
150.0%10/10

Earnings expanding 150.0% YoY

Market CapQuality
$62.59B9/10

Large-cap with strong market position

Return on EquityProfitability
20.7%9/10

Every $100 of equity generates 21 in profit

Profit MarginProfitability
29.4%9/10

Keeps 29 of every $100 in revenue as profit

HMY6 strengths · Avg: 9.8/10
PEG RatioValuation
0.0310/10

Growing faster than its price suggests

P/E RatioValuation
9.2x10/10

Attractively priced relative to earnings

Return on EquityProfitability
33.5%10/10

Every $100 of equity generates 34 in profit

Operating MarginProfitability
33.3%10/10

Strong operational efficiency at 33.3%

Altman Z-ScoreHealth
3.2710/10

Safe zone — low bankruptcy risk

Profit MarginProfitability
20.1%9/10

Keeps 20 of every $100 in revenue as profit

Areas to Watch

B1 concerns · Avg: 4.0/10
PEG RatioValuation
2.044/10

Expensive relative to growth rate

HMY0 concerns · Avg: 0/10

No major concerns identified

Comparative Analysis Report

WallStSmart Research

Bull Case : B

The strongest argument for B centers on Operating Margin, Revenue Growth, EPS Growth. Profitability is solid with margins at 29.4% and operating margin at 52.6%. Revenue growth of 64.5% demonstrates continued momentum.

Bull Case : HMY

The strongest argument for HMY centers on PEG Ratio, P/E Ratio, Return on Equity. Profitability is solid with margins at 20.1% and operating margin at 33.3%. Revenue growth of 19.5% demonstrates continued momentum.

Bear Case : B

The primary concerns for B are PEG Ratio.

Bear Case : HMY

No major red flags identified for HMY, but monitor valuation.

Key Dynamics to Monitor

B carries more volatility with a beta of 1.00 — expect wider price swings.

B is growing revenue faster at 64.5% — sustainability is the question.

HMY generates stronger free cash flow (5.5B), providing more financial flexibility.

Monitor GOLD industry trends, competitive dynamics, and regulatory changes.

Bottom Line

HMY scores higher overall (82/100 vs 81/100), backed by strong 20.1% margins and 19.5% revenue growth. B offers better value entry with a 65.3% margin of safety. Both earn "Exceptional Buy" and "Exceptional Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Barrick Mining Corporation

BASIC MATERIALS · GOLD · USA

Barnes Group Inc. provides engineering products, industrial technologies, and solutions in the United States and internationally. The company is headquartered in Bristol, Connecticut.

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Harmony Gold Mining Company Limited

BASIC MATERIALS · GOLD · USA

Harmony Gold Mining Company Limited is engaged in the exploration, extraction and processing of gold in South Africa and Papua New Guinea. The company is headquartered in Randfontein, South Africa.

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