Is Now An Ideal Time To Purchase Harmony Gold Mining Co Ltd ADR (NYSE: HMY) Stock?

CWH

Harmony Gold Mining Co Ltd ADR (NYSE:HMY) traded at $10.78 at close of the session on current trade day and made an upward move of 2.18% on its previous day’s price.

Looking at the stock we see that its previous close was $10.55 and the beta (5Y monthly) reads 1.294 with the day’s price range being $10.6295 – $10.94. The company has a trailing 12-month PE ratio of 14.80. In terms of its 52-week price range, HMY has a high of $12.29 and a low of $4.42. The company’s stock has gained about 14.93% over that past 30 days.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Harmony Gold Mining Co Ltd ADR has a market cap of $6.84 billion and is expected to release its quarterly earnings report in December. With its Forward Dividend at 0.13 and a yield of 1.22%, the company’s investors could be anxious for the HMY stock to gain ahead of the earnings release.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 3.89B, with a low of 3.88B and a high of 3.89B. The median projection represents growth squeezing down to 18.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 3.89B, or 18.40% up from figures reported last year.

On the other hand, looking at the outlook for the HMY stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy.

Looking further, we note that the PEG ratio for the HMY stock currently stands at 0.90, and the current price level is -1.16% off its SMA20 and 4.82% from its 50-day simple moving average. The RSI (14) is pointing at 50.18 while the volatility over the past week is 3.42% and jumps to 3.26% over the past one month. The beta value is 1.80, while the average true range (ATR) is currently pointing at 0.45.

Coming back to Harmony Gold Mining Co Ltd ADR (NYSE:HMY), we note that the average 3-month trading volume was 3.97 million, while that of the preceding 10-day period stands at 2.97 million. Current shares outstanding are 634.72 million.

The insiders hold 0.02% of the company’s shares while institutions hold 25.27%. The data shows that short shares as of 2024-10-15, stood at 7.9 million at a short ratio of 2.09. This represents a 169.00 short interest in shares outstanding on 2024-10-15. Shares short fall in October from the previous month at 9.61 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 75.28% up in year-to-date price movement.

Most Popular