Last Week, Harmony Gold Mining Company Limited (HMY) Recorded A Gain Of $50.68

As of Wednesday close, Harmony Gold Mining Company Limited’s (NYSE:HMY) stock was down -$0.06, moving down -2.18 percent to $2.69. The average number of shares traded per day over the past five days has been 5,935,620 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.08 fall in that time frame. In the last twenty days, the average volume was 8,728,479, while in the previous 50 days, it was 6,598,054.

Since last month, HMY stock rose 22.83%. Shares of the company fell to $1.93 on 09/23/22, the lowest level in the past month. A 52-week high of $5.50 was reached on 03/08/22 after having rallying from a 52-week low of $1.93. Since the beginning of this year, HMY’s stock price has dropped by -34.55% or -$1.42, and marked a new high 12 times. However, the stock has declined by -51.09% since its 52-week high.

Valuation Metrics

The stock’s beta is 1.18. Besides these, the trailing price-to-sales (P/S) ratio of 0.71, the price-to-book (PB) ratio of 0.91, and the price-to-cash flow ratio of 7.49 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 1.10, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.10, and the total debt-to-equity ratio was 0.11. On the profitability front, the trailing twelve-month gross margin is 12.60% percent. In the recent year, EBITDA margin amounted to 28.29%, whereas operating margins totaled 13.40%. 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 15.40%. Return on equity (ROE) for the past 12 months was 13.30%.

Technical Picture

This quick technical analysis looks at Harmony Gold Mining Company Limited’s (HMY) price momentum. With a historical volatility rate of 69.05%, the RSI 9-day stood at 57.89% on 12 October.

With respect to its five-day moving average, the current Harmony Gold Mining Company Limited price is down by -2.89% percent or -$0.08. At present, HMY shares trade +22.83% above its 20-day simple moving average and -25.90% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.98% below its SMA50 and -32.58% below its SMA200.

Stochastic coefficient K was 79.04% and Stochastic coefficient D was 83.92%, while ATR was 0.15. Given the Stochastic reading of 74.75% for the 14-day period, the RSI (14) reading has been calculated as 54.88%. As of today, the MACD Oscillator reading stands at 0.01, while the 14-day reading stands at 0.20.

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 Hold by analysts. According to 2 brokerage firms, HMY is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Harmony Gold Mining Company Limited stock as buy, with 1 recommending it as overweight.

With a median target price of $2.88, the current consensus forecast for the stock is $2.16 – $4.19. Based on these forecasts, analysts predict Harmony Gold Mining Company Limited (HMY) will achieve an average price target of $2.88.

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