Harmony Gold Mining Co Ltd ADR (NYSE: HMY) Continues Its Downward Trend

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The trading price of Harmony Gold Mining Co Ltd ADR (NYSE:HMY) closed lower on Tuesday, February 11, and closed at $12.10, -2.02% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $12.015 and $12.39. The company’s P/E ratio in the trailing 12-month period was 16.60, 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 $12.48 and a 52-week low of $5.41. Over the past month, the stock has gained 32.82% in value.

Harmony Gold Mining Co Ltd ADR, whose market valuation is $7.68 billion at the time of this writing, is expected to release its quarterly earnings report in March. The dividend yield on the company stock is 1.08%, while its Forward Dividend ratio is 0.13. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 1.15 for current year and 1.49 for next year.

From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 71.66B.

On the technical side, indicators suggest HMY has a 100% Buy 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% Sell, while an average of long term indicators suggests that the stock is currently 100% Buy.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.91, which symbolizes a positive outlook. A quick review shows that HMY’s price is currently 10.48% off the SMA20 and 25.88% off the SMA50. The RSI metric on the 14-day chart is currently showing 72.95, and weekly volatility stands at 2.83%. When measured over the past 30 days, the indicator reaches 3.14%. Harmony Gold Mining Co Ltd ADR (NYSE:HMY)’s beta value is currently sitting at 1.84, while the Average True Range indicator is currently displaying 0.40.

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 -2.02% in the latest trading, and 103.70% in the past year. Harmony Gold Mining Co Ltd ADR has a P/E ratio of 16.60.

An evaluation of the daily trading volume of Harmony Gold Mining Co Ltd ADR (NYSE:HMY) indicates that the 3-month average is 6.34 million. However, this figure has increased over the past 10 days to an average of 8.21.

Currently, records show that 634.72 million of the company’s shares remain outstanding. The insiders hold 0.01% of outstanding shares, whereas institutions hold 23.95%. The stats also highlight that short interest as of 2025-01-31, stood at 12.12 million shares, resulting in a short ratio of 1.65 at that time. From this, we can conclude that short interest is 259.00 of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 9.43 million. However, since the stock’s price has seen 47.38% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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