Should Investors Trust The Upside Potential In Harmony Gold Mining Co Ltd ADR (HMY)?

Harmony Gold Mining Co Ltd ADR (NYSE:HMY) currently has a daily average trading volume of 6.10M but it saw 8133368 shares traded in last market. With a market cap of 7.71B USD, the company’s current market price of $12.14 came rising about 2.10 while comparing to the previous closing price of $11.89. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.29 and as low as $5.41. In the recent trading on the day, stock has struck highest price mark of $11.76 while lowest mark touched by it was $12.14.

Taking a look at 20-day trading activity of Harmony Gold Mining Co Ltd ADR (HMY) gives us an average price of $10.47, while its current price level is -1.22% below from 52-week high level whereas it is 124.40% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.44 while that of 200 days or SMA-200 reads an average of $9.60. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.13% during that period while stretching the period over a month that increases to 3.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 80.26 which implies that the stock is in overbought territory.

Over the week, HMY’s stock price is moving 6.96% up while it is 47.15% when we observe its performance for the past one month. Year-to-date it is 47.87% up and over the past year, the stock is showing an upside performance of 96.76%.

The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 1.15.

Currently, Harmony Gold Mining Co Ltd ADR’s total number of outstanding shares is 634.72M with 0.00% of that held by the insiders while 26.01% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 19.58% and return on equity (ROE) at 22.54%. It has a price to earnings ratio (P/E ratio) of 16.65 while having a 7.19 of forward P/E ratio. Stock’s beta reads 1.84. Stock has a price to book (P/B) ratio of 3.44 while price to sale or P/S ratio amounts to 2.30. Its return on asset (ROA) is 14.48% on average.