Harmony Gold Mining Stock Analysis

Harmony Stock Analysis Notes

About 33.0% of the company shares are owned by institutional investors. The book value of Harmony Gold was currently reported as 64.25. The company last dividend was issued on the 11th of April 2024. Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company was incorporated in 1950 and is headquartered in Randfontein, South Africa. Harmony Gold operates under Gold classification in the United States and is traded on New York Stock Exchange. To learn more about Harmony Gold Mining call Graham Briggs at 27 11 411 2000 or check out https://www.harmony.co.za.

Harmony Gold Mining Investment Alerts

Harmony Largest EPS Surprises

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Harmony Gold Thematic Classifications

Harmony Stock Institutional Investors

Note, although Harmony Gold's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Harmony Market Capitalization

The company currently falls under 'Mid-Cap' category with a total capitalization of 5.69 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Harmony Gold's market, we take the total number of its shares issued and multiply it by Harmony Gold's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Harmony Profitablity

The company has Net Profit Margin of 0.16 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.24 %, which entails that for every 100 dollars of revenue, it generated $0.24 of operating income.

Management Efficiency

Harmony Gold Mining has Return on Asset of 0.1351 % which means that on every $100 spent on assets, it made $0.1351 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2503 %, implying that it generated $0.2503 on every 100 dollars invested. Harmony Gold's management efficiency ratios could be used to measure how well Harmony Gold manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to rise to 0.10 in 2024. Return On Capital Employed is likely to rise to 0.17 in 2024. At this time, Harmony Gold's Non Currrent Assets Other are fairly stable compared to the past year. Other Current Assets is likely to rise to about 327.2 M in 2024, whereas Total Assets are likely to drop slightly above 35.5 B in 2024.

Technical Drivers

As of the 23rd of April, Harmony Gold retains the Downside Deviation of 2.42, market risk adjusted performance of 0.4312, and Risk Adjusted Performance of 0.143. Harmony Gold technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We have collected data for nineteen technical drivers for Harmony Gold Mining, which can be compared to its competitors. Please check out Harmony Gold Mining variance and potential upside to decide if Harmony Gold is priced fairly, providing market reflects its last-minute price of 8.77 per share. Given that Harmony Gold Mining has jensen alpha of 0.6134, we strongly advise you to confirm Harmony Gold Mining's regular market performance to make sure the company can sustain itself at a future point.

Harmony Gold Mining Price Movement Analysis

Harmony Gold Predictive Daily Indicators

Harmony Gold Corporate Filings

Harmony Gold Forecast Models

Harmony Gold's time-series forecasting models are one of many Harmony Gold's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Harmony Gold's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Harmony Gold prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Harmony shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Harmony Gold. By using and applying Harmony Stock analysis, traders can create a robust methodology for identifying Harmony entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Harmony analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Harmony analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Harmony Gold Mining stock analysis indicators help investors evaluate how Harmony Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Harmony Gold shares will generate the highest return on investment. By understating and applying Harmony Gold stock analysis, traders can identify Harmony Gold position entry and exit signals to maximize returns.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmony Gold Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

When running Harmony Gold's price analysis, check to measure Harmony Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harmony Gold is operating at the current time. Most of Harmony Gold's value examination focuses on studying past and present price action to predict the probability of Harmony Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmony Gold's price. Additionally, you may evaluate how the addition of Harmony Gold to your portfolios can decrease your overall portfolio volatility.

Is Harmony Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Harmony Gold. If investors know Harmony will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Harmony Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Harmony Gold Mining is measured differently than its book value, which is the value of Harmony that is recorded on the company's balance sheet. Investors also form their own opinion of Harmony Gold's value that differs from its market value or its book value, called intrinsic value, which is Harmony Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Harmony Gold's market value can be influenced by many factors that don't directly affect Harmony Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Harmony Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Harmony Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmony Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.