Harmony Gold Mining Co Ltd ADR (NYSE: HMY) has seen a rise in its stock price by 1.87 in relation to its previous close of 8.02. However, the company has experienced a 3.68% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-18 that Gold and other commodities are perfect investment options for investors looking to diversify their portfolios. Gold futures are still at near all-time highs of roughly $2,100/oz.
Is It Worth Investing in Harmony Gold Mining Co Ltd ADR (NYSE: HMY) Right Now?
Harmony Gold Mining Co Ltd ADR (NYSE: HMY) has a higher price-to-earnings ratio of 10.57x compared to its average ratio. HMY has 36-month beta value of 1.70. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 2 as “sell.”
The public float for HMY is 619.84M, and currently, short sellers hold a 1.17% ratio of that float. The average trading volume of HMY on April 01, 2024 was 5.56M shares.
HMY’s Market Performance
HMY stock saw an increase of 3.68% in the past week, with a monthly gain of 48.28% and a quarterly increase of 28.46%. The volatility ratio for the week is 2.90%, and the volatility levels for the last 30 days are 4.40% for Harmony Gold Mining Co Ltd ADR (HMY). The simple moving average for the past 20 days is 10.64% for HMY’s stock, with a 58.26% simple moving average for the past 200 days.
HMY Trading at 26.48% from the 50-Day Moving Average
After a stumble in the market that brought HMY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.06% of loss for the given period.
Volatility was left at 4.40%, however, over the last 30 days, the volatility rate increased by 2.90%, as shares surge +43.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.94% upper at present.
During the last 5 trading sessions, HMY rose by +3.68%, which changed the moving average for the period of 200-days by +75.32% in comparison to the 20-day moving average, which settled at $7.51. In addition, Harmony Gold Mining Co Ltd ADR saw 32.85% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HMY
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.23 for the gross margin
The net margin for Harmony Gold Mining Co Ltd ADR stands at 0.13. The total capital return value is set at 0.02. Equity return is now at value 23.76, with 15.00 for asset returns.
Based on Harmony Gold Mining Co Ltd ADR (HMY), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.16. The interest coverage ratio of the stock is 11.17.
Currently, EBITDA for the company is 7.98 billion with net debt to EBITDA at 2.33. When we switch over and look at the enterprise to sales, we see a ratio of 1.76. The receivables turnover for the company is 1.87for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
Conclusion
To put it simply, Harmony Gold Mining Co Ltd ADR (HMY) has had a better performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
