HSBC Securities slashes price target on Harmony Gold Mining Co Ltd ADR [HMY] – find out why.

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Harmony Gold Mining Co Ltd ADR [NYSE: HMY] plunged by -$0.26 during the normal trading session on while it closed the day at $10.58.

Harmony Gold Mining Co Ltd ADR stock has also loss -1.03% of its value over the past 7 days. However, HMY stock has inclined by 13.03% in the 3 months of the year. Over the past six months meanwhile, it has gained 23.17% and gained 72.03% year-on date.

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The market cap for HMY stock reached $6.72 billion, with 634.72 million shares outstanding and 634.62 million shares in the current float. Compared to the average trading volume of 4.39M shares, HMY reached a trading volume of 2908532 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 $9.17 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 3.88. 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 0.44, with the Price to Sales ratio for HMY stock in the period of the last 12 months amounting to 2.04. The Price to Book ratio for the last quarter was 3.00, with the Price to Cash per share for the same quarter was set at 0.46. Price to Free Cash Flow for HMY in the course of the last twelve months was 17.35 with Quick ratio for the last quarter at 1.07.

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 -1.03. With this latest performance, HMY shares gained by 15.38% in over the last four-week period, additionally plugging by 23.17% over the last 6 months – not to mention a rise of 198.87% 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 56.44, with the RSI for the last a single of trading hit 56.42, and the three-weeks RSI is set at 55.81 for Harmony Gold Mining Co Ltd ADR [HMY]. The present Moving Average for the last 50 days of trading for this stock 9.82, while it was recorded at 10.64 for the last single week of trading, and 8.31 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 1.07 and a Current Ratio set at 1.56.

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: VAN ECK ASSOCIATES CORP with ownership of 66.69 million shares, which is approximately 10.7736%. EXOR CAPITAL LLP, holding 21.98 million shares of the stock with an approximate value of $$201.57 million in HMY stocks shares; and EXOR CAPITAL LLP, currently with $$100.34 million in HMY stock with ownership which is approximately 1.7677%.