Can Harmony Gold Mining Company Limited (HMY) Add Value To Your Portfolio?

As of Wednesday close, Harmony Gold Mining Company Limited’s (NYSE:HMY) stock was down -$0.09, moving down -2.70 percent to $3.24. The average number of shares traded per day over the past five days has been 2,562,960 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.24 fall in that time frame. In the last twenty days, the average volume was 3,362,745, while in the previous 50 days, it was 3,818,864.

Since last month, HMY stock retreated -15.18%. Shares of the company fell to $3.18 on 02/15/23, the lowest level in the past month. A 52-week high of $5.50 was reached on 01/13/23 after having rallying from a 52-week low of $1.93. Since the beginning of this year, HMY’s stock price has dropped by -4.71% or -$0.16, and marked a new high 7 times. However, the stock has declined by -41.09% since its 52-week high.

Valuation Metrics

The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 0.89, the price-to-book (PB) ratio of 1.17, and the price-to-cash flow ratio of 135.01 may also be considered.

The latest dividend of $0.01 per share was paid out, which is -61.54% less than last year’s $0.0260. On Thursday September 8 2022, a $0.0160 dividend decrease was announced.

Financial Health

In the recent quarter, Harmony Gold Mining Company Limited’s quick ratio stood at 0.90, while its current ratio was 1.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.11, and the total debt-to-equity ratio was 0.11. On the profitability front, the trailing twelve-month gross margin is 12.20% percent. In the recent year, EBITDA margin amounted to 28.29%, whereas operating margins totaled -1.80%. Based on annual data, HMY earned $47.24 million in gross profit and brought in $2.81 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -2.10%. Return on equity (ROE) for the past 12 months was -3.40%.

Technical Picture

This quick technical analysis looks at Harmony Gold Mining Company Limited’s (HMY) price momentum. With a historical volatility rate of 40.33%, the RSI 9-day stood at 31.88% on 15 February.

With respect to its five-day moving average, the current Harmony Gold Mining Company Limited price is down by -6.90% percent or -$0.24. At present, HMY shares trade -12.90% below its 20-day simple moving average and +52.11% percent above its 100-day simple moving average. However, the stock is currently trading approximately -7.95% below its SMA50 and -20.78% below its SMA200.

Stochastic coefficient K was 7.77% and Stochastic coefficient D was 6.47%, while ATR was 0.14. Given the Stochastic reading of 9.52% for the 14-day period, the RSI (14) reading has been calculated as 36.75%. As of today, the MACD Oscillator reading stands at -0.09, while the 14-day reading stands at -0.16.

Analyst Ratings

Harmony Gold Mining Company Limited downgraded its rating on Harmony Gold Mining Company Limited (NYSE: HMY) to a Neutral in a note to investors on September 07, 2022. The analysts firm previously had a Buy rating on the stock.Harmony Gold Mining Company Limited (HMY) has been rated Underweight by analysts. According to 3 brokerage firms, HMY is a sell, and 1 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 0 analysts rate Harmony Gold Mining Company Limited stock as buy, with 1 recommending it as overweight.

With a median target price of $3.53, the current consensus forecast for the stock is $2.42 – $4.36. Based on these forecasts, analysts predict Harmony Gold Mining Company Limited (HMY) will achieve an average price target of $3.51.

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