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There is little time left for Harmony Gold Mining Co Ltd ADR (HMY) to reach its 1-year target estimate. How soon will it surpass it?

November 16, 2023
in Markets

Harmony Gold Mining Co Ltd ADR (NYSE:HMY) shares traded -0.74% lower at $5.37 on Wall Street last session.

In accordance with the data, 8 analysts cover Harmony Gold Mining Co Ltd ADR (NYSE:HMY). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $5.23 and a low of $3.52, we find $3.94. Given the previous closing price of $5.41, this indicates a potential downside of -27.17 percent. HMY stock price is now 21.59% away from the 50-day moving average and 27.92% away from the 200-day moving average. The market capitalization of the company currently stands at $3.33B.

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It has been rated a hold by 3 analysts and a buy by 1. Brokers who have rated the stock have averaged $4.12 as their price target over the next twelve months.

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

Harmony Gold Mining Co Ltd ADR (NYSE: HMY) opened at $5.45 on Wednesday. During the past 12 months, Harmony Gold Mining Co Ltd ADR has had a low of $2.92 and a high of $5.47. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 1.19, and a quick ratio of 0.75. The fifty day moving average price for HMY is $4.44 and a two-hundred day moving average price translates $4.21 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.

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 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. In addition, the company 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. Further, it holds interest in Rosby and Eva Copper Project located in Queensland, Australia. Harmony Gold Mining Company Limited was incorporated in 1950 and is headquartered in Randfontein, South Africa.

Tags: Harmony Gold Mining Co Ltd ADRHMYHMY stockNYSE:HMY

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