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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 73.17% higher on its value in year-to-date trading and has touched a low of $3.41 and a high of $11.04 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 $10.13 in the last trading session, with the day’s gains setting it 0.52%.

Currently trading at $10.65, the stock is 14.48% and 15.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.67 million and changing 5.13% at the moment leaves the stock 41.17% off its SMA200. HMY registered 177.34% gain for a year compared to 6-month gain of 90.18%.

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The stock witnessed a 5.13% loss in the last 1 month and extending the period to 3 months gives it a 13.90%, and is 12.11% 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 2.98% over the week and 4.13% over the month.

Harmony Gold Mining Co Ltd ADR (HMY) has around 34913 employees, a market worth around $6.74B and $3.16B in sales. Current P/E ratio is 13.77 and Fwd P/E is 7.60. Profit margin for the company is 15.21%. Distance from 52-week low is 212.32% and -3.53% from its 52-week high. The company has generated returns on investments over the last 12 months (20.34%).

The EPS is expected to grow by 123.60% this year, but quarterly earnings will post 16.70% year-over-year.

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

The shares outstanding are 632.59M, and float is at 632.49M with Short Float at 1.24%.

The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 75.02 million shares valued at $$612.88 million. The investor’s holdings represent 12.119 of the HMY Shares outstanding. As of 2024-03-31, the second largest holder is EXOR CAPITAL LLP with 23.17 million shares valued at $$189.32 million to account for 3.7435 of the shares outstanding. The other top investors are POLUNIN CAPITAL PARTNERS LTD which holds 11.08 million shares representing 1.7906 and valued at over $$90.55 million, while DIMENSIONAL FUND ADVISORS LP holds 1.3032 of the shares totaling 8.07 million with a market value of $$65.91 million.

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