Harmony Gold Mining Co Ltd ADR (HMY): The stock short term indicators are indicating Buy today

Harmony Gold Mining Co Ltd ADR (HMY) saw an uptrend of 2.44% in the recent trading with $14.72 being its most recent. The current price level -21.58% lower than the highest price of $18.77 marked by the stock while trading over the past 52-weeks, whereas it is 84.69% higher than the lowest price of $7.97 the company dropped to over past 52-weeks. The latest news story on HMY appeared in (Zacks) under the title “HMY or FNV: Which Is the Better Value Stock Right Now?” on Today.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 0 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.86 for the stock.

Harmony Gold Mining Co Ltd ADR Earnings – What Happened With HMY

Coming around sales and income figures on HMY Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

Harmony Gold Mining Co Ltd ADR – Insider Activity and Holdings

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 622.18 million. HMY does have institutional investors; and they hold 22.00% of the stock.

As on 2024-06-30, VAN ECK ASSOCIATES CORP was the top most holder in Harmony Gold Mining Co Ltd ADR (NYSE:HMY) with an ownership of 66.69 million shares of the company or 10.5414 of the stake worth $611.53 million. The filing also reveals EXOR CAPITAL LLP as the second largest holder in the company with a control over 3.4746 of the outstanding shares. Its stake is worth $201.57 million for having 21.98 million shares in hand.

POLUNIN CAPITAL PARTNERS LTD also came holding a key position in the company during the recent quarter and it now holds 1.7296 of the outstanding shares. With this there are now 273.0 institutions which have possession in HMY’s shares.

Key Metrics forHMY

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Harmony Gold Mining Co Ltd ADR has a debt to equity ratio of 0.05.

Technical Analysis of Harmony Gold Mining Co Ltd ADR (NYSE:HMY) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Harmony Gold Mining Co Ltd ADR (HMY), we notice that the stock’s 20-day average volume is at 4,809,705 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 4,857,044 shares. And to end, HMY’s 100-day average volume is 6,093,167 shares with 100% of the long-term indicators pointing towards Buy for the stock.

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