Van Eck Associates Corp. has recently announced that it has increased stake in Harmony Gold Mining Co Ltd ADR (NYSE:HMY) by 0.57%. After grabbing 53.55 million shares, the institutional investor is now in possession of 0.3 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 8.64% having worth around $334.18 million. Moreover, Lingotto Investment Management LL increased its share by 2.23 million to have a control over 27.02 million shares. And Kopernik Global Investors LLC raised its holdings to 2.67 million shares by acquiring 18.27 million shares or 2.95% of the stake.
Harmony Gold Mining Co Ltd ADR (HMY) concluded trading on 12/27/23 at a closing price of $6.36, with 3.31 million shares of worth about $21.06 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 56.27% during that period and on Wednesday the price saw a gain of about 0.79%. Currently the company’s common shares owned by public are about 619.94M shares, out of which, 619.84M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the HMY stock and their offered price forecasts bring an average price target of $78.37. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $98.00 and could fall to a lowest price of $60.00. The stock’s current price level is -52.52% below of average price target set by the analysts, while a dip to estimated low would result in gain of 89.4% for the stock. However, touching the estimated high of $98.00 would mean a gain of 93.51% for the stock.
VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and Kopernik Global All Cap Fund are the top 3 mutual funds which are holding stakes in Harmony Gold Mining Co Ltd ADR VanEck Gold Miners ETF is currently holding 35.04 million shares of worth totaling $218.65 million. The company recently came buying 0.0 shares which brought its stake up to 5.65% of the company’s outstanding shares. Kopernik Global All Cap Fund, after buying 8.49 million shares, have now control over 1.37% of the stake in the company. It holds 0.27 million shares of worth $52.97 million.
Harmony Gold Mining Co Ltd ADR (NYSE: HMY) started trading at $6.42, above $0.11 from concluding price of the previous day. However, the stock later moved at a day high price of 6.52, or with a gain of 0.79%. Stock saw a price change of 0.63% in past 5 days and over the past one month there was a price change of 7.80%. Year-to-date (YTD), HMY shares are showing a performance of 87.06% which increased to 87.06% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.92 but also hit the highest price of $6.58 during that period. The average intraday trading volume for Harmony Gold Mining Co Ltd ADR shares is 4.98 million. The stock is currently trading 4.25% above its 20-day simple moving average (SMA20), while that difference is up 17.02% for SMA50 and it goes to 38.89% higher than SMA200.
Van Eck Associates Corp. acquired 53.55 million shares of Harmony Gold Mining Co Ltd ADR having value of about $334.18 million. Data submitted at the U.S SEC by Van Eck Associates Corp. revealed that the firm now holds 0.3 million shares in the company valued at close to $1916458.8, or have control over 0.57% stake in the company. Harmony Gold Mining Co Ltd ADR (NYSE: HMY) currently have 619.94M outstanding shares and institutions hold larger chunk of about 29.39% of that. Holding of mutual funds in the company is about 11.02% while other institutional holders and individual stake holders have control over 17.96% and — of the stake respectively.
The stock has a current market capitalization of $3.94B and its 3Y-monthly beta is at 1.69. PE ratio of stock for trailing 12 months is 14.63, while it has posted earnings per share of $0.43 in the same period. It has Quick Ratio of 0.75 while making debt-to-equity ratio of 0.17. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HMY, volatility over the week remained 3.00% while standing at 3.62% over the month.
Analysts are in expectations that Harmony Gold Mining Co Ltd ADR (HMY) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 67.35% while it is estimated to increase by 19.66% in next year.
Analysts at 8 brokerage firms have issued recommendations for the Harmony Gold Mining Co Ltd ADR (HMY)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.88. Out of those 8 Wall Street analysts, 1 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 4 analyst recommended the stock as “Sell”.
