Harmony Gold Mining Company Limited (NYSE:HMY) traded at $4.06 at last check on Tuesday, Jun 30, making an upward move of 2.27% on its previous day’s price.
Looking at the stock we see that its previous close was $3.97 and the beta (5Y monthly) reads 0.33 with the day’s price range being $3.9100 – 4.1400. In terms of its 52-week price range, HMY has a high of $4.54 and a low of $1.76. The company’s stock has gained about 19.22% over that past 30 days.
On the other hand, looking at the outlook for the HMY stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 5 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Harmony Gold Mining Company Limited (HMY) stock as a Hold, while 1 rate it as a Buy. None analysts rate it as outperform while 1 of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the HMY stock currently stands at 0, and the current price level is 23.25% off its SMA20 and 17.82% from its 50-day simple moving average. The RSI (14) is pointing at 66.46 while the volatility over the past week is 5.92% and drops to 5.35% over the past one month. The beta value is 0.41, while the average true range (ATR) is currently pointing at 0.21. The average price target for the stock over the next 12 months is $4.25, with the estimates having a low of $2.55 and a high of $7.21. These price ends are -37.19% and +77.59% off the current price level respectively, although investors could be excited at the prospect of a -9.36% if the HMY share price touches on the median price of $3.68.
Let’s briefly compare Harmony (HMY) stock to its peers. We find that today’s price change of +2.27% and +74.89% over the past 12 months for HMY betters that of Barrick Gold Corp (GOLD), which has seen its stock price rise 2.26% in the latest trading session and is +65.69% over the last one year. Another of its peers Franco Nev Corp (FNV) has climbed 0.87% today, and is +63.37% up over the past year, while Agnico-Eagle Mines Ltd (AEM) is also up 2.27% yet its price remains in the green at 74.89% over the same period. Barrick has a P/E ratio of 10.83 compared to Harmony’s 0 and Franco’s 145.51. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.04% and 0.46%, respectively, in early deals.
Coming back to Harmony Gold Mining Company Limited (NYSE:HMY), we note that the average 3-month trading volume was 7.04 Million, while that of the preceding 10-day period stands at 7.81 Million. Current shares outstanding are 536.08 Million.
According to data from Thomson Reuters, insiders hold 0% of the company’s shares while institutions hold 36.03%. The data shows that short shares as of June 14, 2020, stood at 7.78 Million at a short ratio of 1.36. This represents a 1.45% Short interest in Shares outstanding on June 14, 2020. Shares short rose in June from the previous month at 6.39 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +9.37% up in year-to-date price movement.