Harmony Gold Mining Company Limited (NYSE:HMY) finished Thursday with an addition of $0.14 to close at $3.32, an upside of 4.40 percent. An average of 8,065,300 shares of common stock have been traded in the last five days. There was a gain of $0.12 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 5,687,030 shares traded, while the 50-day average volume stands at 5,847,470.
HMY stock has decreased by -6.48% in the last month. The company shares reached their 1-month lowest point of $3.03 on 06/14/22. With the stock rallying to its 52-week high on 03/08/22, shares of the company touched a low of $3.00 and a high of $5.50 in 52 weeks. It has reached a new high 12 times so far this year and lost -19.22% or -$0.79 in price. In spite of this, the price is down -39.64% from the 52-week high.
Valuation Metrics
Harmony Gold Mining Company Limited (HMY) has a trailing price-to-earnings (P/E) ratio of 46.76. The stock’s beta is 1.15. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.68, the price-to-book (PB) ratio at 0.97, and the price-to-cash flow ratio at 0.93.
The company has a payout ratio of 536.80%. The company’s most recent quarterly dividend payment was $0.026010 a share, representing a up of 37.55% from $0.018910 last year. Its latest increase dividend $0.0071 reported on Thursday March 3 2022.
Financial Health
The quick ratio of Harmony Gold Mining Company Limited for the recent quarter was 1.10, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.10 and a total debt to equity ratio of 0.11 for the recent quarter. Harmony Gold Mining Company Limited’s EBITDA margin is 28.69%, while its operating margin for the same period stands at 4.00%. Its gross profit as reported stood at $407.11 million compared to revenue of $2.72 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Harmony Gold Mining Company Limited (HMY) price momentum. RSI 9-day as of the close on 16 June was 46.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 89.02%.
As of today, HMY’s price is $3.25 +3.75% or $0.12 from its 5-day moving average. HMY is currently trading -3.21% lower than its 20-day SMA and -17.41% lower than its 100-day SMA. However, the stock’s current price level is -28.91% below the SMA50 and -12.17% below the SMA200.
The stochastic %K and %D were 23.53% and 18.93%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 42.65% and the average true range at 0.21, the RSI (14) stands at 44.24%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.18.
Analyst Ratings
Morgan Stanley downgraded Harmony Gold Mining Company Limited (NYSE: HMY) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as an Equal-weight. The consensus rating for Harmony Gold Mining Company Limited (HMY) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell HMY, while 2 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is HMY’s price target for the next 12 months?
Analysts predict a range of price targets between $3.13 and $5.16, with a median target of $3.93. Taking a look at these predictions, the average price target given by analysts for Harmony Gold Mining Company Limited (HMY) stock is $3.97.
The post What The Financials Tell Us About Harmony Gold Mining Company Limited (HMY) appeared first on NXTmine.
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Author: Steve Dixon
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