Do Analysts Think Harmony Gold Mining Co Ltd ADR (HMY) Is Still Worth Buying In 2024?

Harmony Gold Mining Co Ltd ADR (NYSE:HMY) does about 4.51M shares in volume on a normal day but saw 2657272 shares change hands in Monday trading. The company now has a market cap of 6.07B USD. Its current market price is $9.60, marking a decrease of -1.13% compared to the previous close of $9.71. The 52 week high reached by this stock is $10.24 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 $8.88 and the current price is -6.30% off the 52-week high compared with 181.52% distance from its 52-week low. The 50-day simple moving average of the closing price is $9.04 and its 200-day simple moving average is $6.82. If we look at the stock’s price movements over the week, volatility stands at 3.05%, which increases to 3.11% 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 62.40 to suggest the stock is neutral.

The consensus objective for the share price is $7.58, suggesting that the stock has a potential downside of -26.65% over the period.

Harmony Gold Mining Co Ltd ADR (HMY) stock is up 4.69% over the week and 7.38% over the past month. Its price is 56.10% year-to-date and 147.42% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0.92 for whole year.

To reach the target analysts have set, the stock logically needs to shrink -26.65 percent from here.

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 12.41 while the forward price to earnings ratio is 7.07. The beta has a value of 1.69. Price to book ratio is 2.73 and price to sales ratio is 1.92.