Extremely important positive changes in investment behavior have recently occurred for Harmony Gold Mining Co Ltd (NYSE: HMY): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Harmony Gold Mining Co Ltd (NYSE: HMY). Significant positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the consensus estimate for June, 2025 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HMY is expected to continue to be a major Value Builder.
Harmony Gold Mining has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Harmony Gold Mining has a slightly positive Appreciation Score of 62 and a very high Power Rating of 96, leading to the Highest Value Trend Rating.
Recent Price Action
Harmony Gold Mining Co Ltd (NYSE: HMY) stock was unchanged 0.0% on 6/28/24. The shares closed at $9.17. However, below average trading volume at 69% of normal accompanied the flat performance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 1.7% during the last week.
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