Van Eck Associates Corp. recently announced the acquisition of new stake in Harmony Gold Mining Co Ltd ADR (NYSE:HMY). The institutional investor has increased its shareholding in the Basic Materials company by 0.57% to 53.55 million shares with purchase of 0.3 million shares. This fresh investment now brings its stake to 8.64% valued currently at $334.18 million. In addition, Lingotto Investment Management LL raised its holdings by 2.23 million to 27.02 million shares. And Kopernik Global Investors LLC has lifted its position by 17.15% or 2.67 million shares – to 18.27 million shares.
With over 4.68 million Harmony Gold Mining Co Ltd ADR (HMY) shares trading Tuesday and a closing price of $5.67 on the day, the dollar volume was approximately $26.55 million. The shares have shown a positive half year performance of 38.97% and its price on 01/09/24 lost nearly -3.24%. Currently, there are 619.94M common shares owned by the public and among those 619.84M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 8 analysts who have offered their price forecasts for HMY have a consensus price objective of $78.37. The analysts have set the share’s price value over the next 12 months at a high of $98.00 and a low of $60.00. The average price target is -35.97% below its recent price level and an upside to the estimated low will see the stock gain 90.55% over that period. But an upside of 94.21% will see the stock hit the forecast high price target while median target price for the stock is $74.50.
The top 3 mutual fund holders in Harmony Gold Mining Co Ltd ADR are VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and Kopernik Global All Cap Fund. VanEck Gold Miners ETF owns 35.04 million shares of the company’s stock, all valued at over $218.65 million. Kopernik Global All Cap Fund sold -0.7 million shares to bring its total holdings to over 7.79 million shares at a value of $48.58 million. Kopernik Global All Cap Fund now owns shares totaling to 1.26% of the shares outstanding.
Shares of Harmony Gold Mining Co Ltd ADR (NYSE: HMY) opened at $5.83, down -$0.03 from a prior closing price of $5.86. However, the script later moved the day high at 5.86, down -3.24%. The company’s stock has a 5-day price change of -6.74% and 40.35% over the past three months. HMY shares are trading -7.80% year to date (YTD), with the 12-month market performance up to 48.04% higher. It has a 12-month low price of $2.92 and touched a high of $6.58 over the same period. HMY has an average intraday trading volume of 4.85 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 -6.60%, 0.81%, and 21.32% respectively.
Institutional ownership of Harmony Gold Mining Co Ltd ADR (NYSE: HMY) shares accounts for 29.03% of the company’s 619.94M shares outstanding. Mutual fund holders own 11.13%, while other institutional holders and individual stakeholders account for 17.83% and — respectively.
It has a market capitalization of $3.52B and a beta (3y monthly) value of 1.71. The stock’s trailing 12-month PE ratio is 13.05, while the earnings-per-share (ttm) stands at $0.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.17% over the week and 3.82% over the month.
Analysts forecast that Harmony Gold Mining Co Ltd ADR (HMY) will achieve an EPS of $The Hershey Company for the current quarter, $193.09 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Honda Motor Company, Ltd. while analysts give the company a high EPS estimate of $Harmony Gold Mining Company Lim. Comparatively, EPS for the current quarter was $Harmony Biosciences Holdings, I a year ago. Earnings per share for the fiscal year are expected to increase by 67.35%, and 19.66% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 8 brokerage firm advisors rate Harmony Gold Mining Co Ltd ADR (HMY) as a “Hold” at a consensus score of 3.88. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 2 of the 8 advise that investors “hold,” and 4 rated it as a “Sell.”
