While Harmony Gold Mining Co Ltd ADR has overperformed by 2.76%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HMY rose by 151.75%, with highs and lows ranging from $11.37 to $3.51, whereas the simple moving average jumped by 32.65% in the last 200 days.
On April 19, 2024, HSBC Securities Downgraded Harmony Gold Mining Co Ltd ADR (NYSE: HMY) to Reduce. A report published by JP Morgan on December 12, 2023, Downgraded its rating to ‘Underweight’ for HMY. UBS September 07, 2022d its ‘Buy’ rating to ‘Neutral’ for HMY, as published in its report on September 07, 2022. JP Morgan also rated the stock as ‘Overweight’.
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Analysis of Harmony Gold Mining Co Ltd ADR (HMY)
With HMY’s current dividend of $0.12 per share, investors can expect to earn a return regardless of performance.
Harmony Gold Mining Co Ltd ADR’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 23.76% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.11, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and HMY has an average volume of 4.38M. On a monthly basis, the volatility of the stock is set at 3.85%, whereas on a weekly basis, it is put at 3.87%, with a gain of 7.14% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.74, showing decline from the present price of $10.80, which can serve as yet another indication of whether HMY is worth investing in or should be passed over.
How Do You Analyze Harmony Gold Mining Co Ltd ADR Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.02%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 26.55% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HMY shares are owned by institutional investors to the tune of 26.55% at present.
