On 7/16/24, Harmony Gold Mining Co Ltd (NYSE: HMY) stock enjoyed a major increase of 16.1%, closing at $10.97. Moreover, trading volume in this advance was exceptionally high at 298% of normal. The stock has risen 14.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
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). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Harmony Gold Mining has a slightly positive Appreciation Score of 63 and a very high Power Rating of 99, triggering the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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