Harmony Gold Mining Company Limited (NYSE:HMY) finished Wednesday with an addition of $0.17 to close at $3.86, an upside of 4.61 percent. An average of 4,516,880 shares of common stock have been traded in the last five days. There was a gain of $0.45 in the past week. The last 20 days have seen an average of 5,471,090 shares traded, while the 50-day average volume stands at 5,719,354.
HMY stock has increased by 11.56% in the last month. The company shares reached their 1-month lowest point of $3.00 on 09/29/21. With the stock rallying to its 52-week high on 05/19/21, shares of the company touched a low of $3.00 and a high of $6.02 in 52 weeks. In spite of this, the price is down -35.88% from the 52-week high.
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Harmony Gold Mining Company Limited (HMY) has a trailing price-to-earnings (P/E) ratio of 6.22, which compares with the 20.90 for the broader industry and 13.61 for the sector. In the last five years, Harmony Gold Mining Company Limited’s PE ratio has ranged between 55.48 and 5.279. The stock’s beta is 1.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.83, the price-to-book (PB) ratio at 1.12, and the price-to-cash flow ratio at 30.84.
Harmony Gold Mining Company Limited pays a $0.12 dividend per share annually. It offers a dividend yield of 3.11%. The company’s most recent quarterly dividend payment was $0.0189 a share, representing a down of -284.66 from $0.0727 last year. Its latest decrease dividend $0.0538 reported on Friday September 10 2021.
Harmony Gold Mining Company Limited will next go ex-dividend on 14-Oct-2021. The next dividend payment Harmony Gold Mining Company Limited will make is expected to be $0.0189.
The quick ratio of Harmony Gold Mining Company Limited for the recent quarter was 1.00, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.14 and a total debt to equity ratio of 0.15 for the recent quarter. On the profitability front, the trailing 12-month gross margin is 18.00% against a 5-year average of 0.2%. Harmony Gold Mining Company Limited’s EBITDA margin is 30.26%, while its operating margin for the same period stands at -1.00%. Its gross profit as reported stood at $396.15 million compared to revenue of $2.72 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Harmony Gold Mining Company Limited’s return on assets was -2.10%, compared to -3.4% over the last five years. In the past year, the return on investment has been -2.10%, and the 5-year average is -3.9%. Meanwhile, the return on equity (ROE) for the past 12 months has been -3.50% and the 5-year average holds at -5.3%. For the broader industry, ROE averaged -13.62 over the past year.
From a technical analysis perspective, let’s take a brief look at Harmony Gold Mining Company Limited (HMY) price momentum. RSI 9-day as of the close on 13 October was 80.48%, suggesting the stock is Overbought, with historical volatility in this time frame at 19.88%.
As of today, HMY’s price is $3.60 +13.20% or $0.45 from its 5-day moving average. HMY is currently trading +13.20% higher than its 20-day SMA and -29.56% lower than its 100-day SMA. However, the stock’s current price level is -8.31% below the SMA50 and -17.52% below the SMA200.
The stochastic %K and %D were 93.60% and 90.36%, respectively, and the average true range (ATR) was 0.15. With the 14-day stochastic at 97.73% and the average true range at 0.14, the RSI (14) stands at 69.48%. The stock has reached 0.24 on the 9-day MACD Oscillator while the 14-day reading was at 0.35.
Morgan Stanley downgraded Harmony Gold Mining Company Limited (NYSE: HMY) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a an Equal-weight.The consensus rating for Harmony Gold Mining Company Limited (HMY) among analysts is Underweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell HMY, while 1 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is HMY’s price target for the next 12 months?
Analysts predict a range of price targets between $2.72 and $5.34, with a median target of $3.28. Taking a look at these predictions, the average price target given by analysts for Harmony Gold Mining Company Limited (HMY) stock is $3.60.