Now Is The Time To Build A Position In Harmony Gold Mining Co Ltd ADR (NYSE:HMY)

In the latest trading session, 0.85 million Harmony Gold Mining Co Ltd ADR (NYSE:HMY) shares changed hands as the company’s beta touched 1.79. With the company’s most recent per share price at $12.07 changing hands around $0.03 or 0.25% at last look, the market valuation stands at $7.66B. HMY’s current price is a discount, trading about -1.24% off its 52-week high of $12.22. The share price had its 52-week low at $4.42, which suggests the last value was 63.38% up since then. When we look at Harmony Gold Mining Co Ltd ADR’s average trading volume, we note the 10-day average is 4.1 million shares, with the 3-month average coming to 4.20 million.

Harmony Gold Mining Co Ltd ADR (NYSE:HMY) trade information

Instantly HMY is in green as seen in intraday trades today. With action 20.22%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 96.26%, with the 5-day performance at 20.22% in the green. However, in the 30-day time frame, Harmony Gold Mining Co Ltd ADR (NYSE:HMY) is 14.84% up. Looking at the short shares, we see there were 9.49 million shares sold at short interest cover period of 2.1 days.

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Harmony Gold Mining Co Ltd ADR (HMY) estimates and forecasts

Data shows that the Harmony Gold Mining Co Ltd ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 37.63% over the past 6 months, a 30.61% in annual growth rate that is considerably higher than the industry average of 21.20%. Year-over-year growth is forecast to reach 18.40% up from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 3.89B. The company’s revenue for the corresponding quarters a year ago was 3.28B. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 18.40%.

The 2024 estimates are for Harmony Gold Mining Co Ltd ADR earnings to increase by 33.06%, but the outlook for the next 5-year period is at 0.00% per year.

HMY Dividends

Harmony Gold Mining Co Ltd ADR is expected to release its next quarterly earnings report in November. The 1.09% annual yield figure for the share gives it an annual dividend of 0.13. It is important to note, however, that the 1.09% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.41 per year.

Harmony Gold Mining Co Ltd ADR (NYSE:HMY)’s Major holders

EXOR CAPITAL LLP holds the second largest percentage of outstanding shares, with 3.5511% or 21.98 million shares worth $201.57 million as of 2024-06-30.

Among Mutual Funds, the top two as of Sep 30, 2024 were VanEck ETF Trust-VanEck Junior Gold Miners ETF and VanEck ETF Trust-VanEck Gold Miners ETF. With 33.95 shares estimated at $413.14 million under it, the former controlled 5.35% of total outstanding shares. On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF held about 4.56% of the shares, roughly 28.95 shares worth around $352.38 million.