HMY vs AGI vs IAG Stock Comparison

Harmony Gold Mining, Alamos Gold and Iamgold Prices as of Nov 2, 2026 Peers: Industry group
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AGI Alamos Gold Inc
$27.76 -14.5% 1M -9.8% 1Y
Market cap
$11.66B
P/E
11.0x
Revenue (TTM)
$2.28B
Div. yield
0.54%
Gold Basic Materials
4 wins
IAG Iamgold Corp
$16.00 -13.7% 1M +38.2% 1Y
Market cap
$9.46B
P/E
6.3x
Revenue (TTM)
$3.68B
Div. yield
–
Gold Basic Materials
5 wins

Head to Head

12 decided of 12

Iamgold leads on 5 of the 12 questions below (Iamgold 5, Alamos Gold 4, Harmony Gold Mining 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHMYAGIIAGLeader
Larger companyMarket capitalisation $9.65B $11.66B $9.46B AGI
Cheaper on earningsLower P/E, profitable companies only 5.5x 11.0x 6.3x HMY
Cheaper on forward earningsLower price / next fiscal year consensus EPS 5.3x 12.4x 8.6x HMY
Faster revenue growthRevenue growth, trailing twelve months — +41.5% +87.2% IAG
More profitableNet margin, trailing twelve months — 46.7% 39.4% AGI
Better return on capitalReturn on invested capital — 25.6% 52.3% IAG
Less leveragedLower net debt / EBITDA — -0.3x 0.0x AGI
Higher dividend yieldTrailing dividend yield 5.07% 0.54% 0.00% HMY
Better 1-year returnPrice return, last 12 months -7.9% -9.8% +38.2% IAG
Better 5-year returnAnnualised price return, 5 years +33.7%/yr +29.4%/yr +41.5%/yr IAG
Less volatileAnnualised volatility, 1 year 64.0% 55.9% 64.3% AGI
Higher overall scoreMean of the five percentile scores vs peers 70/100 69/100 89/100 IAG

Percentile Scorecard

HMYAGIIAG

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHMYAGIIAG
Valuation 85 #25 of 165 60 #66 of 165 96 #8 of 165
Growth – 72 #43 of 150 97 #6 of 150
Profitability – 88 #15 of 122 100 #1 of 122
Financial Health 29 #118 of 166 62 #64 of 166 62 #63 of 166
Shareholder Returns 95 #6 of 107 62 #41 of 107 –
Overall 70 69 89
  • HMY ranked among 177 companies in Metals and Mining
  • AGI ranked among 177 companies in Metals and Mining
  • IAG ranked among 177 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHMYAGIIAGSPY
1 month -12.5%-14.5%-13.7% -2.3%
3 months -7.7%-3.3%+8.4% -0.7%
6 months -1.9%-28.9%-1.9% +4.8%
Year to date -23.6%-28.0%-3.0% +10.3%
1 year -7.9%-9.8%+38.2% +10.3%
3 years +207.7%+106.7%+515.4% +73.0%
3 years, per year +45.5%+27.4%+83.3% +20.1%
5 years +327.0%+262.9%+467.4% +61.9%
5 years, per year +33.7%+29.4%+41.5% +10.1%
10 years +363.4%+249.6%+306.1% +258.6%
10 years, per year +16.6%+13.3%+15.0% +13.6%

Risk

MeasureHMYAGIIAGSPY
Volatility, 1Y 64.0%55.9%64.3% 12.8%
Downside volatility, 1Y 64.0%61.7%66.1% 12.8%
Beta vs S&P 500, 1Y 2.511.942.35 1.00
Return / volatility, 1Y -0.12-0.180.59 0.80
Max drawdown, 5Y -62.7%-51.0%-73.6% -25.4%
From 52-week high -41.6%-49.8%-34.9% -3.5%
52-week high $26.04$55.33$24.57 $779.14
52-week low $13.32$27.11$10.96 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHMYAGIIAG
P/E now vs peer median 5.5xmedian 12.5x 11.0xmedian 12.5x 6.3xmedian 12.5x
P/S now vs peer median 1.6xmedian 2.9x 5.1xmedian 2.9x 2.6xmedian 2.9x
EV/EBITDA now vs peer median —median 7.3x 7.5xmedian 7.3x 3.1xmedian 7.3x
P/FCF now vs peer median 3.2xmedian 14.6x -502.4xmedian 14.6x 4.3xmedian 14.6x
P/B now vs peer median 2.1xmedian 2.1x 2.4xmedian 2.1x 2.2xmedian 2.1x
PEG now vs peer median —median 0.28 0.15median 0.28 0.06median 0.28

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHMYAGIIAG
Revenue – $2.28B $3.68B
Gross profit – – $1.85B
Operating income – $1.30B $2.54B
Net income – $1.06B $1.27B
Free cash flow – -$23.20M $2.19B
R&D – $35.10M $30.20M
EPS (diluted) – $2.51 $2.49
Cash & equivalents $525.23M $597.40M $501.40M
Total debt $577.12M $200.00M $449.30M
Shares (diluted) 628.70M 422.66M 581.70M
Enterprise value $7.89B $8.95B $7.71B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHMYAGIIAG
P/E 5.5x 11.0x 6.3x
P/FCF 3.2x -502.4x 4.3x
P/Operating cash flow – – 4.7x
P/S 1.6x 5.1x 2.6x
P/B 2.1x 2.4x 2.2x
P/Tangible book 2.1x 2.4x 2.2x
EV/EBITDA – 7.5x 3.1x
EV/EBIT – 8.6x 3.7x
EV/Revenue – 4.9x 2.6x
EV/FCF – -483.4x 4.3x
EV/Operating cash flow – – 4.7x
PEG (3Y EPS CAGR) – 0.15 0.06

Growth

14 metrics
MetricHMYAGIIAG
Revenue growth (1Y) – 41.5% 87.2%
Revenue CAGR (3Y) – 31.5% 58.4%
Gross profit growth (1Y) – – 192.3%
Gross profit CAGR (3Y) – – 154.4%
Operating income growth (1Y) – 40.7% 57.6%
Operating income CAGR (3Y) – 61.7% 826.2%
Net income growth (1Y) – 97.3% 34.0%
Net income CAGR (3Y) – 73.5% 112.4%
EPS growth (1Y) – 91.6% 234.8%
EPS CAGR (3Y) – 71.5% 111.5%
Operating cash flow growth (1Y) – – 328.3%
Operating cash flow CAGR (3Y) – – 67.2%
Free cash flow growth (1Y) – -118.6% 144.4%
Free cash flow CAGR (3Y) – -27.1% 122.0%

Profitability

14 metrics
MetricHMYAGIIAG
Gross margin – – 50.3%
EBITDA margin – 65.6% 82.6%
Operating margin – 57.2% 69.1%
Pretax margin – 65.7% 49.1%
Net margin – 46.7% 39.4%
FCF margin – -1.0% 59.5%
Operating cash flow margin – – 54.3%
Return on equity – 21.8% 29.2%
Return on assets – 15.6% 21.3%
Return on invested capital – 25.6% 52.3%
Return on capital employed – 20.8% 46.9%
Asset turnover – 0.3x 0.6x
Cash conversion (OCF / net income) – – 1.6x
Stock comp / revenue – 1.3% –

Financial Health

11 metrics
MetricHMYAGIIAG
Debt / assets 7.5% 2.9% 7.5%
Debt / equity 0.1x 0.0x 0.1x
Net debt / EBITDA – -0.3x 0.0x
Debt / FCF – -8.6x 0.2x
Liabilities / assets 40.4% 28.3% 26.1%
Equity / assets 59.6% 71.7% 73.9%
Interest coverage – – 137.4x
Current ratio 0.8x 2.0x 1.7x
Quick ratio 0.6x 1.3x 1.0x
Cash ratio 0.4x 1.2x 0.9x
Altman Z-score – 4.78 6.11

Shareholder Returns

7 metrics
MetricHMYAGIIAG
Dividend yield 5.1% 0.5% –
Net buyback yield – 0.0% –
Shareholder yield 5.1% 0.5% 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHMYAGIIAG
Forward P/E 5.3xFY2027 12.4xFY2026 8.6xFY2026
EPS, next fiscal year $2.86FY2027 $2.24FY2026 $1.85FY2026
EPS growth, next FY +6.3%FY2027 +60.0%FY2026 +51.6%FY2026
EPS growth, the year after +39.9% +21.4% +11.4%
Revenue, next fiscal year $6.36BFY2027 $2.52BFY2026 $3.73BFY2026
Revenue growth, next FY +2.5%FY2027 +39.2%FY2026 +31.3%FY2026
Revenue growth, the year after +21.9% +26.5% +5.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHMYAGIIAG
Held by institutions 13.1% 56.4% 0.0%
Institutions holding 233 473 1
Change in shares held, QoQ -20.9% -1.1% –
Institutions buying 129 241 0
Institutions selling 74 151 0
Buyers to sellers 1.74 1.60 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HMYAGIIAG
HMY 1.00 0.82 0.84
AGI 0.82 1.00 0.86
IAG 0.84 0.86 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HMY, AGI and IAG?

Alamos Gold (AGI) is the largest by market capitalisation: Harmony Gold Mining (HMY) $9.65B, Alamos Gold (AGI) $11.66B, Iamgold (IAG) $9.46B.

Which stock is cheaper, HMY, AGI and IAG?

Harmony Gold Mining (HMY) trades on the lowest price-to-earnings ratio (Harmony Gold Mining (HMY) 5.5x, Alamos Gold (AGI) 11.0x, Iamgold (IAG) 6.3x). On next year's consensus earnings, Harmony Gold Mining (HMY) is cheapest (Harmony Gold Mining (HMY) 5.3x, Alamos Gold (AGI) 12.4x, Iamgold (IAG) 8.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Iamgold (IAG) grew revenue fastest over the trailing twelve months: Alamos Gold (AGI) +41.5%, Iamgold (IAG) +87.2%.

Which company is more profitable?

Alamos Gold (AGI) has the highest net margin (Alamos Gold (AGI) 46.7%, Iamgold (IAG) 39.4%). On return on invested capital, Iamgold (IAG) leads (Alamos Gold (AGI) 25.6%, Iamgold (IAG) 52.3%).

Which stock has performed better?

Over the past year Iamgold (IAG) returned the most: Harmony Gold Mining (HMY) -7.9%, Alamos Gold (AGI) -9.8%, Iamgold (IAG) +38.2%. Over five years, Iamgold (IAG) compounded fastest (Harmony Gold Mining (HMY) +33.7%/yr, Alamos Gold (AGI) +29.4%/yr, Iamgold (IAG) +41.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Harmony Gold Mining (HMY) has the highest dividend yield: Harmony Gold Mining (HMY) 5.07%, Alamos Gold (AGI) 0.54%, Iamgold (IAG) 0.00%. Iamgold (IAG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Alamos Gold (AGI) has been the steadiest (Harmony Gold Mining (HMY) 64.0%, Alamos Gold (AGI) 55.9%, Iamgold (IAG) 64.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HMY, AGI and IAG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Iamgold (IAG) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.