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Exploring Growth Opportunities In Harmony Gold Mining Company Limited (NYSE: HMY)

Harmony Gold Mining Company Limited (NYSE:HMY) shares, rose in value on Friday, May 13, with the stock price up by 5.62% to the previous day’s close as strong demand from buyers drove the stock to $3.47.

Actively observing the price movement in the recent trading, the stock is buoying the session at $3.29, falling within a range of $3.20 and $3.42. The value of beta (5-year monthly) is 0.61 whereas the PE ratio is 47.68 over 12-month period. Referring to stock’s 52-week performance, its high was $5.76, and the low was $3.00. On the whole, HMY has fluctuated by -30.59% over the past month.

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The company’s Forward Dividend Ratio is 0.05, with its dividend yield at 1.40%.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that HMY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HMY currently trading nearly -15.51% and -25.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.64, while the 7-day volatility ratio is showing 5.31% which for the 30-day chart, stands at 4.84%. Furthermore, Harmony Gold Mining Company Limited (HMY)’s beta value is 1.14, and its average true range (ATR) is 0.23.

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 5.62% in today’s session so far, and over the past year, it shrunk by -31.17%%. In comparison, Gold Fields Limited (GFI) has moved higher at 3.89% today and is up 4.15% over the past 12 months. On the other hand, the price of AngloGold Ashanti Limited (AU) has risen 5.10% today. The stock, however, is off -28.58% from where it was a year ago. Additionally, there is a gain of 4.15% for DRDGOLD Limited (DRD) in recent trading while the stock has seen an overall depriciation of -40.49%% over the past year. The PE ratio stands at 47.68 for Harmony Gold Mining Company Limited, compared to 12.51 for Gold Fields Limited, and 10.99 for AngloGold Ashanti Limited. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 2.21%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.

Data on historical trading for Harmony Gold Mining Company Limited (NYSE:HMY) indicates that the trading volumes over the past 10 days have averaged 6.81 million and over the past 3 months, they’ve averaged 8.52 million. According to company’s latest data on outstanding shares, there are 610.00 million shares outstanding.

Nearly 15.10% of Harmony Gold Mining Company Limited’s shares belong to company insiders and institutional investors own 27.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.76 million shares as on Dec 14, 2021, resulting in a short ratio of 2.57. According to the data, the short interest in Harmony Gold Mining Company Limited (HMY) stood at 2.58% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 17.29 million. The stock has fallen by -19.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HMY stock heading into the next quarter.

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