Harmony Gold Mining Company Limited (HMY): Keep paying attention to its insider activity

Harmony Gold Mining Company Limited (NYSE:HMY) saw a downside of -2.75% to close Friday at $4.59 after subtracting -$0.13 on the day. The 5-day average trading volume is 4,777,440 shares of the company’s common stock. It has gained $4.79 in the past week and touched a new high 4 times within the past 5 days. An average of 5,345,925 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,364,894.

HMY’s 1-month performance is 27.15% or $1.01 on its low of $3.44 reached on 03/16/23. The company’s shares have touched a 52-week low of $1.93 and high of $5.04, with the stock’s rally to the 52-week high happening on 04/13/23. YTD, HMY has achieved 35.00% or $1.19 and has reached a new high 12 times. However, the current price is down -8.93% from the 52-week high price.

Valuation Metrics

HMY stock has a beta of 1.38. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.24 while the price-to-book (PB) in the most recent quarter is 0.09.

. In terms of profitability, the gross margin trailing 12 months is 12.20%. The trailing 12-month EBITDA margin is 28.29%. The firm’s gross profit as reported stood at $47.24 million against revenue of $2.81 billion.

Earnings Surprise

HMY stock balance sheet for the recent quarter shows that total liabilities totaled 1.22 billion, with total debt at $6.9 billion.

Let’s look briefly at Harmony Gold Mining Company Limited (HMY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 14 April was 67.58% to suggest the stock is trending Neutral, with historical volatility in this time period at 39.01%.

The stock’s 5-day moving average is $4.54, reflecting a +1.10% or $0.05 change from its current price. HMY is currently trading +31.90% above its 20-day SMA, +38.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +24.05% and SMA200 by+39.51%.

Stochastic %K and %D was 84.18% and 82.71% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 67.33%, while the 14-day stochastic is at 78.72% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at 0.13 and 0.27 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Harmony Gold Mining Company Limited (NYSE: HMY), UBS downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for HMY stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate HMY as a “sell,”, while 1 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is HMY’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $2.61 and a high of $5.05, with their median price target at $3.33. Looking at these predictions, the average price target given by analysts is for Harmony Gold Mining Company Limited (HMY) stock is $3.59.

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