Is Harmony Gold Mining Co Ltd ADR [HMY] a good investment? Don’t be fooled by its recent momentum

In yesterday’s Wall Street session, Harmony Gold Mining Co Ltd ADR (NYSE:HMY) shares traded at $6.25, up 0.48% from the previous session.

8 analysts cover Harmony Gold Mining Co Ltd ADR (NYSE:HMY), according to research data. 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 $3.97. Given the previous closing price of $6.22, this indicates a potential downside of -36.17 percent. HMY stock price is now 33.62% away from the 50-day moving average and 45.47% away from the 200-day moving average. The market capitalization of the company currently stands at $3.87B.

The stock has received a hold rating from 3 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $4.22 as their price target over the next twelve months.

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

On Wednesday morning Harmony Gold Mining Co Ltd ADR (NYSE: HMY) stock kicked off with the opening price of $6.25. During the past 12 months, Harmony Gold Mining Co Ltd ADR has had a low of $2.92 and a high of $6.23. 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 $4.72 and a two-hundred day moving average price translates $4.31 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.

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