Harmony Gold Mining Co Ltd ADR (NYSE:HMY) finished Friday with a subtraction of -$0.12 to close at $3.76, a downside of -3.09 percent. An average of 4,704,280 shares of common stock have been traded in the last five days. There was a fall of -$0.53 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 3,523,055 shares traded, while the 50-day average volume stands at 3,189,920.
HMY stock has decreased by -9.83% in the last month. The company shares reached their 1-month lowest point of $3.69 on 09/29/23. With the stock rallying to its 52-week high on 05/04/23, shares of the company touched a low of $2.27 and a high of $5.43 in 52 weeks. It has reached a new high 15 times so far this year and achieved 10.59% or $0.36 in price. In spite of this, the price is down -30.76% from the 52-week high.
Valuation Metrics
Harmony Gold Mining Co Ltd ADR (HMY) has a trailing price-to-earnings (P/E) ratio of 8.64. The stock’s beta is 1.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.84, the price-to-book (PB) ratio at 1.26, and the price-to-cash flow ratio at 18.36.
The company has a payout ratio of 7.36%. The company’s most recent quarterly dividend payment was $0.0320 a share, representing a up of 220.0% from $0.01 last year. Its latest increase dividend $0.0220 reported on Thursday August 31 2023.
Financial Health
The quick ratio of Harmony Gold Mining Co Ltd ADR for the recent quarter was 0.79, and the current ratio was 1.26, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.16 and a total debt to equity ratio of 0.16 for the recent quarter. Its gross profit as reported stood at $549.34 million compared to revenue of $2.78 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Harmony Gold Mining Co Ltd ADR (HMY) price momentum. RSI 9-day as of the close on 29 September was 29.41%, suggesting the stock is oversold, with historical volatility in this time frame at 56.96%.
As of today, HMY’s price is $3.96 -12.35% or -$0.53 from its 5-day moving average. HMY is currently trading -8.74% lower than its 20-day SMA and -28.79% lower than its 100-day SMA. However, the stock’s current price level is -16.63% below the SMA50 and +11.57% above the SMA200.
The stochastic %K and %D were 6.61% and 7.71%, respectively, and the average true range (ATR) was 0.18. With the 14-day stochastic at 7.45% and the average true range at 0.18, the RSI (14) stands at 36.05%. The stock has reached -0.29 on the 9-day MACD Oscillator while the 14-day reading was at -0.34.
Analyst Ratings
UBS downgraded Harmony Gold Mining Co Ltd ADR (NYSE: HMY) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Harmony Gold Mining Co Ltd ADR (HMY) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell HMY, while 3 suggest investors hold. There are 1 analyst 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 $3.59 and $4.77, with a median target of $3.73. Taking a look at these predictions, the average price target given by analysts for Harmony Gold Mining Co Ltd ADR (HMY) stock is $3.95.
