The Price Target For Harmony Gold Mining Company Limited (HMY)?

Harmony Gold Mining Company Limited (NYSE:HMY) finished Thursday with an addition of $0.01 to close at $2.98, an upside of 0.34 percent. An average of 2,794,540 shares of common stock have been traded in the last five days. There was a fall of -$0.09 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 2,774,730 shares traded, while the 50-day average volume stands at 3,329,780.

HMY stock has decreased by -16.06% in the last month. The company shares reached their 1-month lowest point of $2.92 on 03/07/23. With the stock rallying to its 52-week high on 01/13/23, shares of the company touched a low of $1.93 and a high of $5.43 in 52 weeks. It has reached a new high 7 times so far this year and lost -12.35% or -$0.42 in price. In spite of this, the price is down -45.12% from the 52-week high.

Valuation Metrics

Harmony Gold Mining Company Limited (HMY) stock’s beta is 1.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.75, the price-to-book (PB) ratio at 0.06.

The company’s most recent quarterly dividend payment was $0.01 a share, representing a down of -61.54% from $0.0260 last year. Its latest decrease dividend $0.0160 reported on Thursday September 8 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Harmony Gold Mining Company Limited’s EBITDA margin is 28.29%. Its gross profit as reported stood at $47.24 million compared to revenue of $2.81 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Harmony Gold Mining Company Limited (HMY) price momentum. RSI 9-day as of the close on 09 March was 36.95%, suggesting the stock is Neutral, with historical volatility in this time frame at 49.68%.

As of today, HMY’s price is $3.05 -2.93% or -$0.09 from its 5-day moving average. HMY is currently trading -14.37% lower than its 20-day SMA and +14.18% higher than its 100-day SMA. However, the stock’s current price level is -12.35% below the SMA50 and -16.99% below the SMA200.

The stochastic %K and %D were 11.74% and 23.78%, respectively, and the average true range (ATR) was 0.12. With the 14-day stochastic at 15.49% and the average true range at 0.13, the RSI (14) stands at 37.48%. The stock has reached -0.09 on the 9-day MACD Oscillator while the 14-day reading was at -0.10.

Analyst Ratings

UBS downgraded Harmony Gold Mining Company Limited (NYSE: HMY) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Harmony Gold Mining Company Limited (HMY) among analysts is Underweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell HMY, while 1 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

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

Analysts predict a range of price targets between $2.26 and $4.13, with a median target of $3.25. Taking a look at these predictions, the average price target given by analysts for Harmony Gold Mining Company Limited (HMY) stock is $3.28.

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