CPMG, Inc. recently announced the acquisition of new stake in Harmony Gold Mining Company Limited (NYSE:HMY). This fresh investment now brings its stake to 1.41% valued currently at $54.83 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.25 million to 7.99 million shares. And Invesco Advisers, Inc. has lifted its position by 9.64% or 0.54 million shares – to 6.14 million shares.
With over 10.01 million Harmony Gold Mining Company Limited (HMY) shares trading Monday and a closing price of $6.48 on the day, the dollar volume was approximately $64.85 million. The shares have shown a positive weekly performance of 9.46% and its price on 08/31/20 lost nearly 0.00%. Currently, there are 535.00M common shares owned by the public and among those 493.69M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for HMY have a consensus price objective of $6.59. The analysts have set the share’s price value over the next 12 months at a high of $11.70 and a low of $3.54 should the stock experience a downside. Incidentally, analysts’ outlook for the Harmony Gold Mining Company Limited stock is 4.00 for the next 12 months. The average price target is -11.53% below its last price level and a downside to the estimated low will see the stock lose -83.05% over that period. But an upside of 44.62% will see the stock hit the forecast high price target while mean target price for the stock is $5.79.
The top 3 mutual fund holders in Harmony Gold Mining Company Limited are VanEck Vectors – Gold Miners ETF, VanEck Vectors – Junior Gold Mine, and Bakersteel Global Funds SICAV – P. VanEck Vectors – Gold Miners ETF owns 29.28 million shares of the company’s stock, all valued at over $188.83 million. The company bought an additional 88946.0 shares recently to bring their total holdings to about 4.85% of the shares outstanding. VanEck Vectors – Junior Gold Mine bought 0.31 million shares to see its total holdings expand to 23.4 million shares valued at over $150.9 million and representing 3.88% of the shares outstanding. Bakersteel Global Funds SICAV – P sold -1.11 million shares to bring its total holdings to over 7.52 million shares at a value of $48.5 million. Bakersteel Global Funds SICAV – P now owns shares totaling to 1.25% of the shares outstanding.
Shares of Harmony Gold Mining Company Limited (NYSE: HMY) opened at $6.60, up $0.12 from a prior closing price of $6.48. However, the script later closed the day at $6.48, down 0.00%. The company’s stock has a 5-day price change of 9.46% and 97.56% over the past three months. HMY shares are trading 78.51% year to date (YTD), with the 12-month market performance up to 74.66% higher. It has a 12-month low price of $1.76 and touched a high of $7.61 over the same period. Currently, 10.01 million shares have been traded, compared to an average intraday trading volume of 8.86 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.62%, 14.02%, and 67.61% respectively.
Institutional ownership of Harmony Gold Mining Company Limited (NYSE: HMY) shares accounts for 33.70% of the company’s 535.00M shares outstanding. Mutual fund holders own 10.74%, while other institutional holders and individual stakeholders account for 18.43% and — respectively.
It has a market capitalization of $3.51B and a beta (3y monthly) value of 0.50. The earnings-per-share (ttm) stands at -$0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.08% over the week and 5.72% over the month.
Analysts forecast that Harmony Gold Mining Company Limited (HMY) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. EPS should shrink at an annualized rate of 0.00% over the next five years, compared to 37.99% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Harmony Gold Mining Company Limited (HMY) as a “Moderate Sell” at a consensus score of 4.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 7 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the HMY, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on February 21, 2019, with the firm’s price target at. Macquarie coverage for the Harmony Gold Mining Company Limited (HMY) stock in a research note released on August 28, 2018 offered a Underperform rating with a price target of. BofA/Merrill was of a view on October 20, 2017 that the stock is Neutral, while Deutsche Bank gave the stock Sell rating on October 13, 2017, issuing a price target of. Deutsche Bank on their part issued Sell rating on March 17, 2017.