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Harmony Gold Mining Company Limited (HMY) – The -16.55% Downside Potential Remains

Harmony Gold Mining Company Limited (NYSE: HMY) is 40.88% higher on its value in year-to-date trading and has touched a low of $1.93 and a high of $5.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HMY stock was last observed hovering at around $4.80 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $4.11 for the next 12 months. It is also 3.82% off the consensus price target high of $4.98 offered by 8 analysts, but current levels are -83.52% lower than the price target low of $2.61 for the same period.

Currently trading at $4.79, the stock is -2.46% and 7.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.12 million and changing -0.21% at the moment leaves the stock 38.06% off its SMA200. HMY registered 33.43% gain for a year compared to 6-month gain of 43.41%. The firm has a 50-day simple moving average (SMA 50) of $0.07 and a 200-day simple moving average (SMA200) of $6.61.

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The stock witnessed a 6.44% loss in the last 1 month and extending the period to 3 months gives it a 59.14%, and is -4.77% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.87% over the week and 3.54% over the month.

Harmony Gold Mining Company Limited (HMY) has around 37609 employees, a market worth around $3.03B and $2.27B in sales. Profit margin for the company is -1.40%. Distance from 52-week low is 147.55% and -11.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.10%).

Harmony Gold Mining Company Limited (HMY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Harmony Gold Mining Company Limited (HMY) is a “Underweight”. 8 analysts offering their recommendations for the stock have an average rating of 3.50, where 3 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Harmony Gold Mining Company Limited is expected to release its quarterly report on 08/30/2023.The EPS is expected to shrink by -120.80% this year.

Harmony Gold Mining Company Limited (HMY) Top Institutional Holders

The shares outstanding are 617.00M, and float is at 432.93M with Short Float at 1.11%.

Harmony Gold Mining Company Limited (HMY): Who are the competitors?

The company’s main competitors (and peers) include Gold Fields Limited (GFI) that is trading 31.47% up over the past 12 months and AngloGold Ashanti Limited (AU) that is 35.23% higher over the same period. DRDGOLD Limited (DRD) is 73.17% up on the 1-year trading charts.

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