Harmony Gold Mining Co Ltd ADR (NYSE:HMY): A Fundamentally Weighted Stock for Long-Term Investors

Harmony Gold Mining Co Ltd ADR (NYSE:HMY) shares traded -0.96% lower at $4.11 on Wall Street last session.

In accordance with the data, 7 analysts cover Harmony Gold Mining Co Ltd ADR (NYSE:HMY). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $5.44 and a low of $3.59, we find $4.01. Given the previous closing price of $4.15, this indicates a potential downside of -3.37 percent. HMY stock price is now -0.41% away from the 50-day moving average and 1.69% away from the 200-day moving average. The market capitalization of the company currently stands at $2.54B.

It has been rated a hold by 3 analysts and a buy by 1. Brokers who have rated the stock have averaged $4.20 as their price target over the next twelve months.

A total of 0.02% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in HMY stock. A new stake in Harmony Gold Mining Co Ltd ADR shares was purchased by ETF MANAGERS GROUP, LLC during the first quarter worth $24,398,000. MAN GROUP PLC invested $11,629,000 in shares of HMY during the first quarter. In the first quarter, BESSEMER GROUP INC acquired a new stake in Harmony Gold Mining Co Ltd ADR valued at approximately $2,853,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in HMY for approximately $1,034,000. ACADIAN ASSET MANAGEMENT LLC purchased a new stake in HMY valued at around $547,000 in the second quarter.

Harmony Gold Mining Co Ltd ADR (NYSE: HMY) opened at $4.1500 on Tuesday. During the past 12 months, Harmony Gold Mining Co Ltd ADR has had a low of $1.97 and a high of $5.43. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 1.26, and a quick ratio of 0.79. The fifty day moving average price for HMY is $4.1174 and a two-hundred day moving average price translates $4.0448 for the stock.

The latest earnings results from Harmony Gold Mining Co Ltd ADR (NYSE: HMY) was released for Mar, 2023. The net profit margin was 9.70% and return on equity was 14.68% for HMY.

Moreover, the firm recently paid out its quarterly dividend on 10/24/2022. Investors who held shares on 10/14/2022 were paid a $0.012695 dividend. On an annualized basis, this represents a $0.08 dividend and a 2.03% percent yield. There was an ex-dividend date of 10/13/2022 for this dividend. In terms of dividend payout ratio, HMY is presently at 7.36%.

Harmony Gold Mining Co Ltd ADR(HMY) Company Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company also explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa. The company also owns interests in the Hidden Valley, an open-pit gold and silver mine; and the Wafi-Golpu project located in Morobe Province in Papua New Guinea. Harmony Gold Mining Company Limited was incorporated in 1950 and is headquartered in Randfontein, South Africa.

Related Posts