Harmony Gold Mining Co Ltd ADR (NYSE: HMY) Stock Could plummet Again 3.11%

The trading price of Harmony Gold Mining Co Ltd ADR (NYSE:HMY) closed higher on current market day and closing at $9.60, 3.11% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $9.37 and $9.72. The company’s P/E ratio in the trailing 12-month period was 13.17, while its 5Y monthly beta was 1.245. In examining the 52-week price action we see that the stock hit a 52-week high of $12.29 and a 52-week low of $5.40. Over the past month, the stock has lost -20.27% in value.

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Harmony Gold Mining Co Ltd ADR, whose market valuation is $6.09 billion at the time of this writing, is expected to release its quarterly earnings report in December. The dividend yield on the company stock is 1.36%, while its Forward Dividend ratio is 0.13. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest HMY has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently Hold.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.80, which symbolizes a positive outlook. A quick review shows that HMY’s price is currently -6.75% off the SMA20 and -6.80% off the SMA50. The RSI metric on the 14-day chart is currently showing 44.43, and weekly volatility stands at 4.39%. When measured over the past 30 days, the indicator reaches 3.58%. Harmony Gold Mining Co Ltd ADR (NYSE:HMY)’s beta value is currently sitting at 1.77, while the Average True Range indicator is currently displaying 0.50.

To see how Harmony Gold Mining Co Ltd ADR stock has been performing in comparison to its peers in the industry, here are the numbers: HMY stock’s performance was 3.11% in the latest trading, and 76.47% in the past year. Harmony Gold Mining Co Ltd ADR has a P/E ratio of 13.17.

An evaluation of the daily trading volume of Harmony Gold Mining Co Ltd ADR (NYSE:HMY) indicates that the 3-month average is 4.44 million. However, this figure has increased over the past 10 days to an average of 6.68.

Currently, records show that 634.72 million of the company’s shares remain outstanding. The insiders hold 0.02% of outstanding shares, whereas institutions hold 24.32%. The stats also highlight that short interest as of 2024-10-31, stood at 6.83 million shares, resulting in a short ratio of 1.87 at that time. From this, we can conclude that short interest is 146.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 9.49 million. However, since the stock’s price has seen 56.10% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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