The stock of Harmony Gold Mining Co Ltd ADR (NYSE: HMY) has increased by 0.79 when compared to last closing price of 11.45. Despite this, the company has experienced a 15.86% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-16 that Harmony Gold (HMY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company’s earnings prospects. This might drive the stock higher in the near term.
Is It Worth Investing in Harmony Gold Mining Co Ltd ADR (NYSE: HMY) Right Now?
The price-to-earnings ratio for Harmony Gold Mining Co Ltd ADR (NYSE: HMY) is above average at 15.84x, Company’s 36-month beta value is 1.78.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 1 as “sell.”
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The public float for HMY is 634.62M, and currently, short sellers hold a 1.49% ratio of that floaft. The average trading volume of HMY on October 18, 2024 was 4.21M shares.
HMY’s Market Performance
The stock of Harmony Gold Mining Co Ltd ADR (HMY) has seen a 15.86% increase in the past week, with a 17.04% rise in the past month, and a 27.65% gain in the past quarter. The volatility ratio for the week is 3.32%, and the volatility levels for the past 30 days are at 3.26% for HMY. The simple moving average for the last 20 days is 11.83% for HMY stock, with a simple moving average of 35.08% for the last 200 days.
HMY Trading at 14.69% 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 -0.51% of loss for the given period.
Volatility was left at 3.26%, however, over the last 30 days, the volatility rate increased by 3.32%, as shares surge +11.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.63% upper at present.
During the last 5 trading sessions, HMY rose by +15.16%, which changed the moving average for the period of 200-days by +92.77% in comparison to the 20-day moving average, which settled at $10.32. In addition, Harmony Gold Mining Co Ltd ADR saw 87.64% 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:
- 0.19 for the present operating margin
- 0.35 for the gross margin
The net margin for Harmony Gold Mining Co Ltd ADR stands at 0.14. The total capital return value is set at 0.01. Equity return is now at value 22.54, with 14.48 for asset returns.
Based on Harmony Gold Mining Co Ltd ADR (HMY), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 14.64.
Currently, EBITDA for the company is 7.98 billion with net debt to EBITDA at -0.07. When we switch over and look at the enterprise to sales, we see a ratio of 2.23. The receivables turnover for the company is 1.01for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.56.
Conclusion
In a nutshell, Harmony Gold Mining Co Ltd ADR (HMY) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
