While Harmony Gold Mining Co Ltd ADR has overperformed by 1.32%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HMY rose by 47.04%, with highs and lows ranging from $12.29 to $5.40, whereas the simple moving average jumped by 0.26% in the last 200 days.
On October 21, 2024, BofA Securities started tracking Harmony Gold Mining Co Ltd ADR (NYSE: HMY) recommending Neutral. A report published by JP Morgan on October 10, 2024, Upgraded its rating to ‘Neutral’ for HMY. HSBC Securities November 14, 2023d its ‘Reduce’ rating to ‘Hold’ for HMY, as published in its report on November 14, 2023. UBS also rated the stock as ‘Neutral’.
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Analysis of Harmony Gold Mining Co Ltd ADR (HMY)
HMY currently pays a dividend of $0.13 per share, which means investors will get a return regardless of the company’s performance over the next few months.
In order to gain a clear picture of Harmony Gold Mining Co Ltd ADR’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 22.54% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.77, 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.
An average volume of 4.44M can be a very valuable indicator of volatility for HMY stock. On a monthly basis, the volatility of the stock is set at 3.72%, whereas on a weekly basis, it is put at 2.95%, with a loss of -3.97% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.39, showing growth from the present price of $9.19, 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 the fundamentals, you should also consider how many employees own shares in the company. 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 24.35% 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 24.35% at present.
