Harmony Gold Mining Co Ltd (NYSE: HMY) stock closed at $8.24 on 6/7/24 after a major decline of -10.5%. Moreover, above average trading volume at 148% of normal accompanied the decline. The stock has declined -10.5% during the last week but 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). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Harmony Gold Mining has a slightly positive Appreciation Score of 65 and a very high Power Rating of 97, resulting in the Highest Value Trend Rating.
Rating Review
In light of this highly negative 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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