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Will Harmony Gold Mining Company Limited (NYSE: HMY) Stock Boom Or Bust From Here?

During the recent session, Harmony Gold Mining Company Limited (NYSE:HMY)’s traded shares were 3.86 million, with the beta value of the company hitting…

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This article was originally published by The Marketing Sentinal

During the recent session, Harmony Gold Mining Company Limited (NYSE:HMY)’s traded shares were 3.86 million, with the beta value of the company hitting 1.18. At the last check today, the stock’s price was $2.91, reflecting an intraday gain of 1.75% or $0.05. The 52-week high for the HMY share is $5.50, that puts it down -89.0 from that peak though still a striking 33.68% gain since the share price plummeted to a 52-week low of $1.93. The company’s market capitalization is $1.67B, and the average intraday trading volume over the past 10 days was 9.64 million shares, and the average trade volume was 5.98 million shares over the past three months.

Harmony Gold Mining Company Limited (NYSE:HMY) trade information

Harmony Gold Mining Company Limited (HMY) registered a 1.75% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.75% in intraday trading to $2.91 this Thursday, 10/06/22, hitting a weekly high. The stock’s 5-day price performance is 21.19%, and it has moved by 19.17% in 30 days. Based on these gigs, the overall price performance for the year is -16.13%. The short interest in Harmony Gold Mining Company Limited (NYSE:HMY) is 15.0 million shares and it means that shorts have 2.65 day(s) to cover.

Harmony Gold Mining Company Limited (HMY) estimates and forecasts

Statistics show that Harmony Gold Mining Company Limited has outperformed its competitors in share price, compared to the industry in which it operates. Harmony Gold Mining Company Limited (HMY) shares have gone down -39.41% during the last six months, with a year-to-date growth rate more than the industry average at 72.73% against 2.40.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 31.20%. While earnings are projected to return 603.20% in 2022, the next five years will return 0.00% per annum.

HMY Dividends

Harmony Gold Mining Company Limited is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Harmony Gold Mining Company Limited is 0.04, with the dividend yield indicating at 1.40 percent, continuing the trend of increasing dividends in recent years.

Harmony Gold Mining Company Limited (NYSE:HMY)’s Major holders

Harmony Gold Mining Company Limited insiders own 0.00% of total outstanding shares while institutional holders control 30.49%, with the float percentage being 30.49%. Van Eck Associates Corporation is the largest shareholder of the company, while 165 institutions own stock in it. As of Mar 30, 2022, the company held over 55.1 million shares (or 8.94% of all shares), a total value of $277.15 million in shares.

The next largest institutional holding, with 25.16 million shares, is of Exor Capital LLP’s that is approximately 4.08% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $126.58 million.

Also, the Mutual Funds coming in first place with the largest holdings of Harmony Gold Mining Company Limited (HMY) shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. Data provided on Jun 29, 2022 indicates that VanEck ETF Trust-VanEck Gold Miners ETF owns about 32.67 million shares. This amounts to just over 5.30 percent of the company’s overall shares, with a $102.24 million market value. The same data shows that the other fund manager holds slightly less at 19.47 million, or about 3.16% of the stock, which is worth about $60.95 million.

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