why Harmony Gold Mining Co Ltd ADR [HMY] is a Good Choice for Investors After New Price Target of $5.12

Harmony Gold Mining Co Ltd ADR [NYSE: HMY] jumped around 0.24 points on Wednesday, while shares priced at $8.02 at the close of the session, up 3.08%. The company report on May 18, 2023 at 8:35 AM that Deutsche Bank ADR Investor Conference: Presentations Now Available for Online Viewing.

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Compared to the average trading volume of 5.54M shares, HMY reached a trading volume of 4552011 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Harmony Gold Mining Co Ltd ADR [HMY]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HMY shares is $5.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HMY stock is a recommendation set at 4.29. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Harmony Gold Mining Co Ltd ADR shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on December 12, 2023. The new note on the price target was released on November 14, 2023, representing the official price target for Harmony Gold Mining Co Ltd ADR stock.

The Average True Range (ATR) for Harmony Gold Mining Co Ltd ADR is set at 0.31, with the Price to Sales ratio for HMY stock in the period of the last 12 months amounting to 1.58. The Price to Book ratio for the last quarter was 2.28, with the Price to Cash per share for the same quarter was set at 0.33. Price to Free Cash Flow for HMY in the course of the last twelve months was 15.19 with Quick ratio for the last quarter at 1.11.

How has HMY stock performed recently?

Harmony Gold Mining Co Ltd ADR [HMY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.75. With this latest performance, HMY shares gained by 45.03% in over the last four-week period, additionally plugging by 95.13% over the last 6 months – not to mention a rise of 102.53% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HMY stock in for the last two-week period is set at 69.39, with the RSI for the last a single of trading hit 70.26, and the three-weeks RSI is set at 67.80 for Harmony Gold Mining Co Ltd ADR [HMY]. The present Moving Average for the last 50 days of trading for this stock 6.46, while it was recorded at 7.83 for the last single week of trading, and 5.16 for the last 200 days.

Harmony Gold Mining Co Ltd ADR [HMY]: Deeper insight into the fundamentals

Harmony Gold Mining Co Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.11 and a Current Ratio set at 1.62.

Earnings analysis for Harmony Gold Mining Co Ltd ADR [HMY]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HMY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Harmony Gold Mining Co Ltd ADR go to 0.00%.

Insider trade positions for Harmony Gold Mining Co Ltd ADR [HMY]

The top three institutional holders of HMY stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in HMY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in HMY stock with ownership which is approximately 5.8325%.