Research Recommendations For Harmony Gold Mining Company Limited (HMY): Here is What You Should Know

Harmony Gold Mining Company Limited (NYSE:HMY) saw a downside of -2.33% to close Tuesday at $5.03 after subtracting -$0.12 on the day. The 5-day average trading volume is 4,139,480 shares of the company’s common stock. It has gained $5.29 in the past week and touched a new high 1 time within the past 5 days. An average of 4,775,830 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,080,050.

HMY’s 1-month performance is 13.54% or $0.44 on its low of $4.30 reached on 04/19/23. The company’s shares have touched a 52-week low of $1.93 and high of $5.43, with the stock’s rally to the 52-week high happening on 05/04/23. YTD, HMY has achieved 47.94% or $1.63 and has reached a new high 15 times. However, the current price is down -7.37% from the 52-week high price.

Valuation Metrics

HMY stock has a beta of 1.39. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.43 while the price-to-book (PB) in the most recent quarter is 0.10.

. 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 16 May was 55.82% to suggest the stock is trending Neutral, with historical volatility in this time period at 40.16%.

The stock’s 5-day moving average is $5.09, reflecting a -2.14% or -$0.11 change from its current price. HMY is currently trading +11.53% above its 20-day SMA, +50.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +61.22% and SMA200 by+53.82%.

Stochastic %K and %D was 67.94% and 67.57% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 59.37%, while the 14-day stochastic is at 61.90% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at -0.05 and 0.10 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 3 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 $2.61 and a high of $4.98, with their median price target at $4.11. Looking at these predictions, the average price target given by analysts is for Harmony Gold Mining Company Limited (HMY) stock is $4.01.

nyse
gold