Can Buying Harmony Gold Mining Co Ltd ADR (NYSE: HMY) Still Be Worthwhile?

Harmony Gold Mining Co Ltd ADR (NYSE:HMY) does about 5.91M shares in volume on a normal day but saw 5919886 shares change hands in Monday trading. The company now has a market cap of 5.65B USD. Its current market price is $8.93, marking an increase of 1.02% compared to the previous close of $8.84. The 52 week high reached by this stock is $8.94 whilst the lowest price level in 52 weeks is $3.41.

Harmony Gold Mining Co Ltd ADR (HMY) has a 20-day trading average at $8.03 and the current price is -0.11% off the 52-week high compared with 161.88% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.85 and its 200-day simple moving average is $5.30. If we look at the stock’s price movements over the week, volatility stands at 3.67%, which increases to 4.06% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 78.47 to suggest the stock is overbought.

The consensus objective for the share price is $5.12, suggesting that the stock has a potential downside of -74.41% over the period.

Harmony Gold Mining Co Ltd ADR (HMY) stock is up 10.38% over the week and 25.60% over the past month. Its price is 45.20% year-to-date and 98.00% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -74.41 percent from here.

Outstanding shares total 632.59M with insiders holding 0.00% of the shares and institutional holders owning 32.37% of the company’s common stock. The company has a return on investment of 20.34% and return on equity of 23.76%. The price to earnings ratio (P/E ratio) amounts to 11.55 while the forward price to earnings ratio is 9.05. The beta has a value of 1.72. Price to book ratio is 2.54 and price to sales ratio is 1.79.