Harmony Gold Mining Co Ltd ADR (HMY) stock forecast: Can it reach its 52-week high of $10.24

Harmony Gold Mining Co Ltd ADR [HMY] stock prices are up 16.08% to $10.97 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HMY shares have gain 13.91% over the last week, with a monthly amount glided 32.49%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Harmony Gold Mining Co Ltd ADR [NYSE: HMY] stock has seen the most recent analyst activity on April 19, 2024, when HSBC Securities downgraded its rating to a Reduce. Previously, JP Morgan downgraded its rating to Underweight on December 12, 2023. On November 14, 2023, upgrade upgraded it’s rating to Hold. Morgan Stanley downgraded its rating to a Underweight. UBS downgraded its rating to a Neutral. Morgan Stanley downgraded its rating to Underweight for this stock on June 23, 2021. In a note dated February 21, 2019, JP Morgan upgraded an Overweight rating on this stock.

The stock price of Harmony Gold Mining Co Ltd ADR [HMY] has been fluctuating between $3.41 and $10.24 over the past year. Harmony Gold Mining Co Ltd ADR [NYSE: HMY] shares were valued at $10.97 at the most recent close of the market.

Analyzing the HMY fundamentals

Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.26 points at the first support level, and at 9.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.36, and for the 2nd resistance point, it is at 11.75.

Ratios To Look Out For

It’s worth pointing out that Harmony Gold Mining Co Ltd ADR [NYSE:HMY]’s Current Ratio is 1.62. Also, the Quick Ratio is 1.11, while the Cash Ratio stands at 0.54. Considering the valuation of this stock, the price to sales ratio is 2.20, the price to book ratio is 3.12 and price to earnings (TTM) ratio is 14.19.

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