Harmony Gold Mining Co Ltd ADR (NYSE:HMY) price on current trading day, fall -4.65% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $10.09.
A look at the stock’s price movement, the level at last check in today’s session was $10.58, moving within a range at $10.05 and $10.22. The beta value (5-Year monthly) was 1.294 while the PE ratio in trailing twelve months stood at 13.85. Turning to its 52-week performance, $11.37 and $3.57 were the 52-week high and 52-week low respectively. Overall, HMY moved 11.84% over the past month.
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Harmony Gold Mining Co Ltd ADR’s market cap currently stands at around $6.40 billion, with investors looking forward to this quarter’s earnings report slated for in November. The company has a Forward Dividend ratio of 0.12, with its dividend yield at 1.16%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 3.63B for the company’s revenue for the quarter, with a low and high estimate of 3.63B and 3.63B respectively. The average forecast suggests up to a 10.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.63B, representing a 10.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HMY is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
0 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 0 analyst(s) rate the stock as a Hold, 0 recommend HMY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is nan which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HMY’s current price about 1.46% and 2.68% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.50, while 7-day volatility ratio is 3.20% and 3.61% in the 30-day chart. Further, Harmony Gold Mining Co Ltd ADR (HMY) has a beta value of 1.78, and an average true range (ATR) of 0.45.
If we refocus on Harmony Gold Mining Co Ltd ADR (NYSE:HMY), historical trading data shows that trading volumes averaged 3.91 over the past 10 days and 4.40 million over the past 3 months. The company’s latest data on shares outstanding shows there are 634.72 million shares.
The 0.02% of Harmony Gold Mining Co Ltd ADR’s shares are in the hands of company insiders while institutional holders own 26.66% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.61 million on 2024-09-13, giving us a short ratio of 2.18. The data shows that as of 2024-09-13 short interest in Harmony Gold Mining Co Ltd ADR (HMY) stood at 200.99999999999997 of shares outstanding, with shares short rising to 8.43 million registered in 2024-08-15. Current price change has pushed the stock 64.03% 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.
