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After A Decline Of -43.24% From The High, Can Harmony Gold Mining Company Limited (NYSE: HMY) Recover Quickly?

Harmony Gold Mining Company Limited (NYSE:HMY)’s traded shares stood at 25.25 million during the last session, with the company’s beta value hitting 1.35. At the close of trading, the stock’s price was $3.77, to imply an increase of 8.33% or $0.29 in intraday trading. The HMY share’s 52-week high remains $5.40, putting it -43.24% down since that peak but still an impressive 48.81% since price per share fell to its 52-week low of $1.93. The company has a valuation of $2.20B, with an average of 4.8 million shares in intraday trading volume over the past 10 days and average of 3.67 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Underweight for Harmony Gold Mining Company Limited (HMY), translating to a mean rating of 3.50. Of 7 analyst(s) looking at the stock, 2 analyst(s) give HMY a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy. 2 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.

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Harmony Gold Mining Company Limited (NYSE:HMY) trade information

After registering a 8.33% upside in the last session, Harmony Gold Mining Company Limited (HMY) has traded red over the past five days. The stock hit a weekly high of 3.86 this Friday, 03/17/23, jumping 8.33% in its intraday price action. The 5-day price performance for the stock is 19.30%, and 16.36% over 30 days. With these gigs, the year-to-date price performance is 10.88%. Short interest in Harmony Gold Mining Company Limited (NYSE:HMY) saw shorts transact 8.67 million shares and set a 2.49 days time to cover.

Analysts on Wall Street suggest a consensus price target of $3.36, implying a decrease of -12.2% to the stock’s current value. The extremes give us $2.26 and $4.13 for target low and target high price respectively. As such, HMY has been trading -9.55% off suggested target high and 40.05% from its likely low.

Harmony Gold Mining Company Limited (HMY) estimates and forecasts

Looking at statistics comparing Harmony Gold Mining Company Limited share performance against respective industry, we note that the company has outperformed competitors. Harmony Gold Mining Company Limited (HMY) shares are 79.52% up over the last 6 months, with its year-to-date growth rate higher than industry average at 15.15% against 10.00%.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -33.10% for the past 5-year period. While 2023 is set for a -120.80% return in earnings, projections for the next 5 years are at 0.00% annually.

HMY Dividends

Harmony Gold Mining Company Limited has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Harmony Gold Mining Company Limited has a forward dividend ratio of 0.04, with the share yield ticking at 1.06% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Harmony Gold Mining Company Limited (NYSE:HMY)’s Major holders

Harmony Gold Mining Company Limited insiders hold 0.00% of total outstanding shares, with institutional holders owning 35.36% of the shares at 35.36% float percentage. In total, 35.36% institutions holds shares in the company, led by Van Eck Associates Corporation. As of Dec 30, 2022, the company held over 58.46 million shares (or 9.46% of shares), all amounting to roughly $198.76 million.

The next major institution holding the largest number of shares is Exor Capital LLP with 26.66 million shares, or about 4.31% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $64.8 million.

We also have VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF as the top two Mutual Funds with the largest holdings of the Harmony Gold Mining Company Limited (HMY) shares. Going by data provided on Dec 30, 2022, VanEck ETF Trust-VanEck Gold Miners ETF holds roughly 32.03 million shares. This is just over 5.18% of the total shares, with a market valuation of $108.92 million. Data from the same date shows that the other fund manager holds a little less at 21.29 million, or 3.44% of the shares, all valued at about 72.37 million.

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