While Harmony Gold Mining Co Ltd ADR has overperformed by 3.96%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HMY rose by 101.20%, with highs and lows ranging from $8.45 to $3.41, whereas the simple moving average jumped by 61.79% in the last 200 days.
On December 12, 2023, JP Morgan Downgraded Harmony Gold Mining Co Ltd ADR (NYSE: HMY) to Underweight. A report published by HSBC Securities on November 14, 2023, Upgraded its rating to ‘Hold’ for HMY. Morgan Stanley June 23, 2021d its ‘Equal-Weight’ rating to ‘Underweight’ for HMY, as published in its report on June 23, 2021. Macquarie also rated the stock as ‘Underperform’.
Analysis of Harmony Gold Mining Co Ltd ADR (HMY)
HMY currently pays a dividend of $0.04 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 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.
An average volume of 5.64M can be a very valuable indicator of volatility for HMY stock. On a monthly basis, the volatility of the stock is set at 4.45%, whereas on a weekly basis, it is put at 3.60%, with a gain of 8.24% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.12, showing decline from the present price of $8.41, 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 28.83% 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 28.83% at present.
