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Harmony Gold Mining Co Ltd ADR (HMY) Stock Could Soon Reward Patient Investors

Harmony Gold Mining Co Ltd ADR (NYSE: HMY) is 25.20% higher on its value in year-to-date trading and has touched a low of $3.41 and a high of $8.07 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 $7.73 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $7.70, the stock is 20.10% and 26.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 25.76 million and changing -0.39% at the moment leaves the stock 53.34% off its SMA200. HMY registered 113.30% gain for a year compared to 6-month gain of 82.46%. The firm has a 50-day simple moving average (SMA 50) of $0.08 and a 200-day simple moving average (SMA200) of $0.37.

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The stock witnessed a 40.00% loss in the last 1 month and extending the period to 3 months gives it a 30.51%, and is 7.84% up 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 4.98% over the week and 3.97% over the month.

Harmony Gold Mining Co Ltd ADR (HMY) has around 34913 employees, a market worth around $4.77B and $3.16B in sales. Current P/E ratio is 9.96 and Fwd P/E is 7.80. Profit margin for the company is 15.21%. Distance from 52-week low is 125.81% and -4.58% from its 52-week high. The company has generated returns on investments over the last 12 months (20.34%).

Harmony Gold Mining Co Ltd ADR quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 76.45% this year.

Harmony Gold Mining Co Ltd ADR (HMY) Top Institutional Holders

195 institutions hold shares in Harmony Gold Mining Co Ltd ADR (HMY), with institutional investors hold 32.56% of the company’s shares. The shares outstanding are 619.94M, and float is at 619.84M with Short Float at 1.16%. Institutions hold 32.56% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 53.25 million shares valued at $223.66 million. The investor’s holdings represent 8.60% of the HMY Shares outstanding. As of Jun 29, 2023, the second largest holder is Lingotto Investment Management Llp with 24.79 million shares valued at $104.13 million to account for 4.00% of the shares outstanding. The other top investors are Kopernik Global Investors, Llc which holds 15.59 million shares representing 2.52% and valued at over $65.48 million, while Polunin Capital Partners Ltd holds 1.70% of the shares totaling 10.53 million with a market value of $44.24 million.

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