Harmony Gold Mining Company Limited (NYSE:HMY) price closed higher on Monday, September 13, jumping 5.43% above its previous close.
A look at the daily price movement shows that the last close reads $3.13, with intraday deals fluctuated between $3.14 and $3.36. The company’s 5Y monthly beta was ticking 0.75 while its P/E ratio in the trailing 12-month period read 5.05. Taking into account the 52-week price action we note that the stock hit a 52-week high of $6.62 and 52-week low of $3.11. The stock subtracted -5.44% on its value in the past month.
Harmony Gold Mining Company Limited, which has a market valuation of $2.01 billion. The company stock has a Forward Dividend ratio of 0.08, while the dividend yield is 2.42%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give HMY a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 7 analysts have assigned HMY a recommendation rating as follows: 2 rate it as a Hold; 2 advise Buy while 1 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the Harmony Gold Mining Company Limited (HMY) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that HMY’s price is at present -7.12% off the SMA20 and -12.93% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 39.16, with weekly volatility standing at 4.23%. The indicator jumps to 3.68% when calculated based on the past 30 days. Harmony Gold Mining Company Limited (NYSE:HMY)’s beta value is holding at 1.00, while the average true range (ATR) indicator is currently reading 0.16. Considering analysts have assigned the stock a price target range of $2.92-$6.13 as the low and high respectively, we find the trailing 12-month average consensus price target to be $4.24. Based on this estimate, we see that current price is roughly 11.52% off the estimated low and -85.76% off the forecast high. Investors will no doubt be excited to see the share price fall to $4.08, which is the median consensus price, and at that level HMY would be -23.64% from current price.
Turning out attention to how the Harmony Gold Mining Company Limited stock has performed in comparison to its peers in the industry, here’s what we find: HMY’s stock is 5.43% on the day and -45.00% in the past 12 months, while Gold Fields Limited (GFI) traded 4.85% in the last session and was positioned -32.87% down on its price 12 months ago. Another comparison is with AngloGold Ashanti Limited (AU) whose stock price was up 1.37% in the last trading session, and has flourished -46.26% over the past year. Also, DRDGOLD Limited (DRD) showed up trend of 4.42% while its price kept floating at -31.97% over the past year. As for Harmony Gold Mining Company Limited, the P/E ratio stands at 5.05 lower than that of Gold Fields Limited’s at 8.13 and AngloGold Ashanti Limited’s 7.03. Elsewhere in the market, the S&P 500 Index has rallied 0.23% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.76%.
An analysis of the Harmony Gold Mining Company Limited (NYSE:HMY) stock in terms of its daily trading volume indicates that the 3-month average is 5.99 million.
Current records show that the company has 599.00M in outstanding shares. The insiders’ percentage holdings are 15.10% of outstanding shares while the percentage share held by institutions stands at 31.30%. But the -29.49% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.