The Stock Of The Week: Harmony Gold Mining Company Limited (HMY)

As of Thursday close, Harmony Gold Mining Company Limited’s (NYSE:HMY) stock was up $0.17, moving up 4.24 percent to $4.18. The average number of shares traded per day over the past five days has been 3,500,320 shares. 3 times new highs have been achieved over the past 5 days, with a $0.20 gain in that time frame. In the last twenty days, the average volume was 5,536,235, while in the previous 50 days, it was 4,133,734.

Since last month, HMY stock rose 34.41%. Shares of the company fell to $2.92 on 03/07/23, the lowest level in the past month. A 52-week high of $5.25 was reached on 03/30/23 after having rallying from a 52-week low of $1.93. Since the beginning of this year, HMY’s stock price has risen by 22.94% or $0.78, and marked a new high 8 times. However, the stock has declined by -20.38% since its 52-week high.

Valuation Metrics

The stock’s beta is 1.32. Besides these, the trailing price-to-sales (P/S) ratio of 1.07, the price-to-book (PB) ratio of 0.08.

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

On the profitability front, the trailing twelve-month gross margin is 12.20% percent. Based on annual data, HMY earned $47.24 million in gross profit and brought in $2.81 billion in revenue.

Technical Picture

This quick technical analysis looks at Harmony Gold Mining Company Limited’s (HMY) price momentum. With a historical volatility rate of 54.94%, the RSI 9-day stood at 69.78% on 30 March.

With respect to its five-day moving average, the current Harmony Gold Mining Company Limited price is up by +5.03% percent or $0.20. At present, HMY shares trade +36.16% above its 20-day simple moving average and +58.33% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.37% above its SMA50 and +33.12% above its SMA200.

Stochastic coefficient K was 95.72% and Stochastic coefficient D was 94.00%, while ATR was 0.18. Given the Stochastic reading of 99.37% for the 14-day period, the RSI (14) reading has been calculated as 66.94%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at 0.25.

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 Underweight by analysts. According to 2 brokerage firms, HMY is a sell, and 2 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 0 analysts rate Harmony Gold Mining Company Limited stock as buy, with 1 recommending it as overweight.

With a median target price of $3.30, the current consensus forecast for the stock is $2.26 – $4.13. Based on these forecasts, analysts predict Harmony Gold Mining Company Limited (HMY) will achieve an average price target of $3.35.

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