Harmony Gold Mining Company Limited (NYSE:HMY) shares, dropped in value on Thursday, Jan 14, with the stock price down by -0.11% to the previous day’s close as weak demand from buyers trailed the stock to $4.47.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.47, falling within a range of $4.3450 and $4.4750. The value of beta (5-year monthly) is 0.96 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $7.61, and the low was $1.76. On the whole, HMY has fluctuated by 7.97% over the past month.
We see that HMY’s technical picture suggests that short-term indicators denote the stock is a 25% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
7 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 3 analyst(s), 3 recommend it as a Buy and no body called the HMY stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and 1 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HMY currently trading nearly -5.65% and -4.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.94, while the 7-day volatility ratio is showing 4.05% which for the 30-day chart, stands at 4.59%. Furthermore, Harmony Gold Mining Company Limited (HMY)’s beta value is 0.96, and its average true range (ATR) is 0.24. The company’s stock has been forecasted to trade at an average price of $5.79 over the course of the next 52 weeks, with a low of $4.66 and a high of $7.08. Based on these price targets, the low is 4.25 off current price, whereas the price has to move +58.39% to reach the yearly target high. Additionally, analysts’ median price of $5.95 is likely to be welcomed by investors because it represents an increase of +33.11% from the current levels.
A comparison of Harmony Gold Mining Company Limited (HMY) with its peers suggests the former has fared considerably weaker in the market. HMY showed an intraday change of -0.11% in today’s session so far, and over the past year, it grew by +25.56%. In comparison, Barrick Gold Corp (GOLD) has moved higher at +0.17% today and is up +34.4% over the past 12 months. On the other hand, the price of Franco Nev Corp (FNV) has fallen -0.73% today. The stock, however, is off 22.55% from where it was a year ago. Additionally, there is a decline of -11% for Agnico-Eagle Mines Ltd (AEM) in recent trading while the stock has seen an overall apprecation of 25.56% over the past year. The PE ratio stands at 0 for Harmony Gold Mining Company Limited, compared to 13.87 for Barrick Gold Corp, and 90.63 for Franco Nev Corp. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.21%. Meanwhile, the Dow Jones Industrial improved by 0.37%.
Data on historical trading for Harmony Gold Mining Company Limited (NYSE:HMY) indicates that the trading volumes over the past 10 days have averaged 7.06 Million and over the past 3 months, they’ve averaged 5.34 Million. According to company’s latest data on outstanding shares, there are 597.33 Million shares outstanding.
Nearly 0% of Harmony Gold Mining Company Limited’s shares belong to company insiders and institutional investors own 29.47% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 10.04 Million shares as on December 30, 2020, resulting in a short ratio of 1.94. According to the data, the short interest in Harmony Gold Mining Company Limited (HMY) stood at 1.68% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 10.69 Million. The stock has fallen by -4.49% since the beginning of the year, thereby showing the risk of a further decline. This could cause investors’ confidence to be optimistic about the HMY stock heading into the next quarter.
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