Harmony Gold Mining Company Limited (NYSE: HMY) stock has achieved $4.22 in the past week

Harmony Gold Mining Company Limited (NYSE:HMY) saw an upside of 1.71% to close Monday at $4.17 after adding $0.07 on the day. The 5-day average trading volume is 3,180,980 shares of the company’s common stock. It has gained $4.22 in the past week and touched a new high 3 times within the past 5 days. An average of 5,652,230 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,145,658.

HMY’s 1-month performance is 28.70% or $0.93 on its low of $2.92 reached on 03/07/23. The company’s shares have touched a 52-week low of $1.93 and high of $5.25, with the stock’s rally to the 52-week high happening on 04/03/23. YTD, HMY has achieved 22.65% or $0.77 and has reached a new high 9 times. However, the current price is down -20.57% from the 52-week high price.

Valuation Metrics

HMY stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.08 while the price-to-book (PB) in the most recent quarter is 0.08.

. 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 03 April was 67.04% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.82%.

The stock’s 5-day moving average is $4.11, reflecting a +5.30% or $0.21 change from its current price. HMY is currently trading +33.65% above its 20-day SMA, +37.62% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.59% and SMA200 by+31.13%.

Stochastic %K and %D was 93.85% and 94.02% and the average true range (ATR) pointed at 0.17. The RSI (14) points at 65.26%, while the 14-day stochastic is at 93.59% with the period’s ATR at 0.17. The stock’s 9-day MACD Oscillator is pointing at 0.10 and 0.22 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 Underweight. Currently, 2 brokerage advisors rate HMY as a “sell,”, while 2 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 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 $2.26 and a high of $4.13, with their median price target at $3.30. Looking at these predictions, the average price target given by analysts is for Harmony Gold Mining Company Limited (HMY) stock is $3.37.

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