This Week’s Hot Stock: Harmony Gold Mining Company Limited (HMY)

The stock of Harmony Gold Mining Company Limited (NYSE:HMY) decreased by -$0.01 on Tuesday to finish at $4.79, down -0.21 percent. The last five days have seen an average of 4,400,300 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $1.39. The average number of shares traded over the last 20 days was 4,873,805, while the average volume over the last 50 days totaled 4,945,978.

HMY stock appreciated 6.44% since last month. On 04/27/23, the company’s shares reached a one-month low of $4.38. The stock touched a high of $5.43 on 05/04/23, after rallying from a low of $1.93 in 52 weeks. The price of HMY stock has risen by 40.88% or $1.39 this year, reaching a new high 15 times. Still, the stock price is down -11.79% from the 52-week high.

Valuation Metrics

Beta for the stock is 1.40. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.33, the price-to-book (PB) ratio of 1.80.

Company paid $0.01 per share in dividends, a decrease of -61.54% from $0.0260 last year. A $0.0160 dividend decrease was reported on Thursday September 8 2022.

Financial Health

For the recent quarter, Harmony Gold Mining Company Limited’s quick ratio was 1.00, while its current ratio was 1.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.22, and the total debt to equity ratio is 0.22. As far as profitability goes, gross margin for the trailing twelve months is 13.00% percent. Harmony Gold Mining Company Limited’s EBITDA margin for the recent year was 28.29%, whereas its operating margin stood at 0.10% for the same period. Based on annual data, it had gross profit of $47.24 million and revenue of $2.81 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HMY’s return on assets (ROA) during the last 12 months has been -1.20%. There was a -2.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -1.90%.

Technical Picture

Here’s a quick look at Harmony Gold Mining Company Limited’s (HMY) price momentum from a technical perspective. As of 23 May, the RSI 9-day stood at 43.32%, suggesting the stock is Neutral, with a 30.86% historical volatility rate.

The stochastic %K and %D were 15.41% and 25.80% respectively, while the average true range (ATR) was 0.17. Based on the 14-day stochastic reading of 7.25%, the RSI (14) reading is 50.61%. On the 9-day MACD Oscillator, the stock is at -0.13, and the 14-day reading is at -0.22.

Analyst Ratings

Analysts have assigned Harmony Gold Mining Company Limited (HMY) an Underweight rating. HMY is a stock that is recommended for selling by 2 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.

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

The current consensus forecast for the stock is between $2.61 and $4.98, with a median target price of $4.11. In analyzing these forecasts, the average price target given by analysts for Harmony Gold Mining Company Limited (HMY) is $4.01.

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