why Harmony Gold Mining Co Ltd ADR [HMY] is a Good Choice for Investors After New Price Target of $7.01

Harmony Gold Mining Co Ltd ADR [NYSE: HMY] plunged by -$0.29 during the normal trading session on while it closed the day at $9.04.

Harmony Gold Mining Co Ltd ADR stock has also loss -11.63% of its value over the past 7 days. However, HMY stock has inclined by 64.07% in the 3 months of the year. Over the past six months meanwhile, it has gained 53.22% and gained 46.99% year-on date.

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The market cap for HMY stock reached $5.72 billion, with 632.59 million shares outstanding and 632.49 million shares in the current float. Compared to the average trading volume of 6.45M shares, HMY reached a trading volume of 3551639 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $7.01 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 4.88. 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.

HSBC Securities have made an estimate for Harmony Gold Mining Co Ltd ADR shares, keeping their opinion on the stock as Reduce, with their previous recommendation back on April 19, 2024. The new note on the price target was released on December 12, 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 0.36, with the Price to Sales ratio for HMY stock in the period of the last 12 months amounting to 1.81. The Price to Book ratio for the last quarter was 2.57, with the Price to Cash per share for the same quarter was set at 0.32. Price to Free Cash Flow for HMY in the course of the last twelve months was 17.47 with Quick ratio for the last quarter at 1.11.

HMY stock trade performance evaluation

Harmony Gold Mining Co Ltd ADR [HMY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.63. With this latest performance, HMY shares dropped by -0.77% in over the last four-week period, additionally plugging by 53.22% over the last 6 months – not to mention a rise of 93.99% 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 48.03, with the RSI for the last a single of trading hit 42.89, and the three-weeks RSI is set at 51.47 for Harmony Gold Mining Co Ltd ADR [HMY]. The present Moving Average for the last 50 days of trading for this stock 8.84, while it was recorded at 9.30 for the last single week of trading, and 6.19 for the last 200 days.

Harmony Gold Mining Co Ltd ADR [HMY]: An insightful look at the core 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 per share (EPS) analysis for Harmony Gold Mining Co Ltd ADR [HMY] stock

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%.

Harmony Gold Mining Co Ltd ADR [HMY]: Institutional Ownership

The top three institutional holders of HMY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HMY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HMY stock with ownership which is approximately 5.8386%.

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