Harmony Gold Mining Co Ltd ADR (NYSE: HMY): Surviving A Volatility

Harmony Gold Mining Co Ltd ADR (NYSE:HMY) price is hovering higher on Monday, April 15, jumping 0.11% above its previous close.

A look at today’s price movement shows that the recent level at last check reads $9.11. The company’s P/E ratio in the trailing 12-month period read 11.79. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.80 and 52-week low of $3.41. The stock added 17.98% on its value in the past month.

Harmony Gold Mining Co Ltd ADR, which has a market valuation of $5.77 billion. The company stock has a Forward Dividend ratio of 0.12, while the dividend yield is 1.29%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give HMY a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

The overview shows that HMY’s price is at present 10.12% off the SMA20 and 28.84% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 73.43, with weekly volatility standing at 5.09%. The indicator jumps to 3.98% when calculated based on the past 30 days. Harmony Gold Mining Co Ltd ADR (NYSE:HMY)’s beta value is holding at 1.71, while the average true range (ATR) indicator is currently reading 0.38.

An analysis of the Harmony Gold Mining Co Ltd ADR (NYSE:HMY) stock in terms of its daily trading volume indicates that the 3-month average is 6.24 million.

Current records show that the company has 632.59M in outstanding shares. The insiders’ percentage holdings are 0.02% of outstanding shares while the percentage share held by institutions stands at 28.29%. But the 48.29% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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