Harmony Gold Mining Company Limited (NYSE:HMY) price on Friday, August 27, rose 6.38% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.79.
A look at the stock’s price movement, the level at last check in today’s session was $3.56, moving within a range at $3.51 and $3.635. The beta value (5-Year monthly) was 0.77 while the PE ratio in trailing twelve months stood at 9.78. Turning to its 52-week performance, $6.71 and $3.46 were the 52-week high and 52-week low respectively. Overall, HMY moved -13.80% over the past month.
Harmony Gold Mining Company Limited’s market cap currently stands at around $2.22 billion. The company has a Forward Dividend ratio of 0.08, with its dividend yield at 2.25%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that HMY is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 2 recommend HMY as a Buy and 0 give it an Overweight rating. Meanwhile, 2 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HMY’s current price about 1.33% and -2.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.45, while 7-day volatility ratio is 3.49% and 3.25% in the 30-day chart. Further, Harmony Gold Mining Company Limited (HMY) has a beta value of 1.00, and an average true range (ATR) of 0.14. Analysts have given the company’s stock an average 52-week price target of $4.36, forecast between a low of $2.79 and high of $6.13. Looking at the price targets, the low is 26.39% off recent price level in today’s trading while to achieve the yearly target high, it has to move -61.74%. Nonetheless, investors will most likely welcome a -9.5% jump to $4.15 which is the analysts’ median price.
In the market, a comparison of Harmony Gold Mining Company Limited (HMY) and its peers suggest the former has performed considerably stronger. Data shows HMY’s intraday price has changed 6.38% today and -40.27% over the past year. Comparatively, Gold Fields Limited (GFI) has moved 3.71% so far today and only -29.60% in the past 12 months. Looking at another peer, we see that AngloGold Ashanti Limited (AU) price has gained 3.12% on the day. However, the stock is -44.64% off its price today a year ago. Moreover, DRDGOLD Limited (DRD) is also up 6.26% in today’s trading while keeping a a downtrend of -39.70% over the past year. If we look at the PE ratio, we find that Harmony Gold Mining Company Limited’s ratio stands at 9.78 compared to Gold Fields Limited’s 8.50 and AngloGold Ashanti Limited’s 7.33. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.85% and 0.68% respectively on the day as seen in early trades.
If we refocus on Harmony Gold Mining Company Limited (NYSE:HMY), historical trading data shows that trading volumes averaged 5.80 million over the past 3 months. The company’s latest data on shares outstanding shows there are 599.00 million shares.
The 15.10% of Harmony Gold Mining Company Limited’s shares are in the hands of company insiders while institutional holders own 31.30% of the company’s shares. Current price change has pushed the stock -23.93% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HMY stock continues to rise going into the next quarter.