As of Friday close, Harmony Gold Mining Company Limited’s (NYSE:HMY) stock was down -$0.07, moving down -1.61 percent to $4.29. The average number of shares traded per day over the past five days has been 3,347,760 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.02 fall in that time frame. In the last twenty days, the average volume was 3,073,235, while in the previous 50 days, it was 3,019,602.
Since last month, HMY stock rose 5.67%. Shares of the company fell to $3.81 on 08/23/23, the lowest level in the past month. A 52-week high of $5.43 was reached on 05/04/23 after having rallying from a 52-week low of $1.93. Since the beginning of this year, HMY’s stock price has risen by 26.18% or $0.89, and marked a new high 15 times. However, the stock has declined by -20.99% since its 52-week high.
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Valuation Metrics
Right now, Harmony Gold Mining Company Limited (HMY) has a P/E ratio of about 10.49. The stock’s beta is 1.31. Besides these, the trailing price-to-sales (P/S) ratio of 1.02, the price-to-book (PB) ratio of 1.59.
The latest dividend of $0.0320 per share was paid out, which is 220.0% more than last year’s $0.01. On Thursday August 31 2023, a $0.0220 dividend increase was announced.
Financial Health
In the recent quarter, Harmony Gold Mining Company Limited’s quick ratio stood at 1.00, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.22, and the total debt-to-equity ratio was 0.22. On the profitability front, the trailing twelve-month gross margin is 21.00% percent. In the recent year, EBITDA margin amounted to 24.64%, whereas operating margins totaled -1.50%. Based on annual data, HMY earned $549.34 million in gross profit and brought in $2.78 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -2.10%. Return on equity (ROE) for the past 12 months was -3.40%.
Technical Picture
This quick technical analysis looks at Harmony Gold Mining Company Limited’s (HMY) price momentum. With a historical volatility rate of 51.42%, the RSI 9-day stood at 53.86% on 22 September.
With respect to its five-day moving average, the current Harmony Gold Mining Company Limited price is down by -0.46% percent or -$0.02. At present, HMY shares trade +5.67% above its 20-day simple moving average and -5.51% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.24% below its SMA50 and +24.71% above its SMA200.
Stochastic coefficient K was 60.22% and Stochastic coefficient D was 61.14%, while ATR was 0.19. Given the Stochastic reading of 42.86% for the 14-day period, the RSI (14) reading has been calculated as 54.60%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at 0.15.
Analyst Ratings
Harmony Gold Mining Company Limited downgraded its rating on Harmony Gold Mining Company Limited (NYSE: HMY) to a Neutral in a note to investors on September 07, 2022. The analysts firm previously had a Buy rating on the stock.Harmony Gold Mining Company Limited (HMY) has been rated Hold by analysts. According to 2 brokerage firms, HMY is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Harmony Gold Mining Company Limited stock as buy, with 1 recommending it as overweight.
With a median target price of $4.01, the current consensus forecast for the stock is $3.59 – $5.44. Based on these forecasts, analysts predict Harmony Gold Mining Company Limited (HMY) will achieve an average price target of $4.20.
