Were Analysts Bullish Harmony Gold Mining Co. (ADR) (NYSE:HMY) This Week?

Harmony Gold Mining Company Limited (HMY) Coming Out From Area of Ambiguities with Beta Value of -1.93
Brokers Release Average Price Target Of 1.75 On Harmony Gold Mining Company Limited (NYSE:HMY)
Author

04 August, 2017

Overall, 1.81 Million shares exchanged hands versus its average trading volume of 4.36 Million shares. Ltd (NYSE:HMY)'s trailing twelve month revenues are $1.5 Billion, whereas its price to sales ratio for the same period is 0.53. The stock is now showing healthy performance of 1.14% throughout last week and witnessed Bullish performance of 9.94% in one month period.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. For example, an established blue chip company in a mature industry with stable earnings will most likely have a much lower beta compared to a start up Biotechnology Company.

In related news, Director Roy Joseph Roderick Meade sold 500,000 shares of Avnel Gold Mining Limited stock in a transaction dated Friday, July 21st. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Comparatively, HMY posted earnings of $0.62 per share in the same quarter, a year earlier.

Maximum and minimum EPS estimate for the current quarter is projected at $0.51 and $0.4, respectively, according to 2 analysts. Harmony Gold Mining Company Limited now has a consensus rating of "Hold" and a consensus price target of $2.50. The company reported revenue of $1.58 Billion in the same period a year ago. The stock was sold at an average price of C$0.42, for a total value of C$210,000.00.

The stock of Harmony Gold Mining Company Limited (NYSE:HMY) registered an increase of 17.05% in short interest.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. Simple moving average analysis helps investors to quickly identify if a security is in an uptrend or downtrend. 0 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. Earnings per share serves as an indicator of a company's profitability.

The company shows its Return on Assets (ROA) value of 7.8%. The ROA ratio is calculated by comparing net income to average total assets, and is expressed as a percentage.

While looking at the Stock's Performance, Harmony Gold Mining Company Limited now shows a Weekly Performance of 7.69%, where Monthly Performance is 10.3%, Quarterly performance is -15.35%, 6 Months performance is -28.63% and yearly performance percentage is -62.16%. Normally this spread should be in positive territory, indicating that analysts expect an investment's value to increase over time. The Return on Investment (ROI) ratio of Harmony Gold Mining Company Limited (HMY) is 3.2 percent.

Usually, the ROE ratio's between 12-15 percent are considered desirable. The company's stock had a trading volume of 1,814,442 shares. The forecast of 1 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Five analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock.

The objective of a stock price analysis is to study the behaviour of stock prices. An RSI reading above 80 indicates that a stock is overbought while anything below 20 is oversold.

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