Looking To Buy Harmony Gold Mining Company Limited (HMY)? Read This First

Harmony Gold Mining Company Limited (NYSE:HMY) saw an upside of 1.26% to close Monday at $3.22 after adding $0.04 on the day. The 5-day average trading volume is 5,216,200 shares of the company’s common stock. It has gained $3.24 in the past week. An average of 6,556,180 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,533,468.

HMY’s 1-month performance is -8.78% or -$0.29 on its low of $3.00 reached on 09/29/21. The company’s shares have touched a 52-week low of $3.00 and high of $6.02, with the stock’s rally to the 52-week high happening on 05/19/21. YTD, HMY has lost -31.20% or -$1.46. However, the current price is down -46.51%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 55.48 and a low of 5.279. HMY stock has a beta of 1.03. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.70 while the price-to-book (PB) in the most recent quarter is 0.94, with the price to cash flow ratio at 25.95.

Harmony Gold Mining Company Limited pays an annual dividend of $0.12 per share. Its dividend yield is 3.73%. HMY paid $0.0189 a share compared with prior rate of $0.0727, down -284.66% from last year’s.

It is projected that Harmony Gold Mining Company Limited’s next ex-dividend date will be on 14-Oct-2021. HMY is expected to distribute $0.0189 as its next dividend.

Harmony Gold Mining Company Limited’s quick ratio for the recent quarter was 1.00, with the current ratio over the same period at 1.30 meaning that HMY stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 18.00%The trailing 12-month EBITDA margin is 30.26% while Harmony Gold Mining Company Limited’s operating margin was -1.00%. The firm’s gross profit as reported stood at $396.15 million against revenue of $2.72 billion.

Earnings Surprise

HMY stock balance sheet for the recent quarter shows that total liabilities totaled 1.28 billion, with total debt at $3.54 billion

Technical Picture

Let’s look briefly at Harmony Gold Mining Company Limited (HMY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 47.58% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.38%.

The stock’s 5-day moving average is $3.15, reflecting a -0.31% or -$0.01 change from its current price. HMY is currently trading -8.26% above its 20-day SMA, -32.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -17.65% and -29.39% respectively.

Stochastic %K and %D was 39.21% and 26.75% and the average true range (ATR) pointed at 0.13. The RSI (14) points at 44.57%, while the 14-day stochastic is at 48.89% with the period’s ATR at 0.14. The stock’s 9-day MACD Oscillator is pointing at 0.00 and -0.04 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Harmony Gold Mining Company Limited (NYSE: HMY), Morgan Stanley downgraded it to an Underweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for HMY stock have a consensus rating for the stock as Underweight. Currently, 2 brokerage advisors rate HMY as a “sell,”, while 1 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is HMY’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $2.72 and a high of $5.57, with their median price target at $3.28. Looking at these predictions, the average price target given by analysts is for Harmony Gold Mining Company Limited (HMY) stock is $3.64.


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