Harmony Gold Mining Stock Analysis

HMY Stock  USD 9.05  0.06  0.66%   
Harmony Gold Mining is overvalued with Real Value of 6.65 and Target Price of 3.62. The main objective of Harmony Gold stock analysis is to determine its intrinsic value, which is an estimate of what Harmony Gold Mining is worth, separate from its market price. There are two main types of Harmony Gold's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Harmony Gold's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Harmony Gold's stock to identify patterns and trends that may indicate its future price movements.
The Harmony Gold stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Harmony Gold is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Harmony Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Harmony Gold's ongoing operational relationships across important fundamental and technical indicators.
  
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.

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

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Harmony Gold's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Harmony Gold Mining or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Harmony Gold Mining appears to be risky and price may revert if volatility continues
Harmony Gold Mining is unlikely to experience financial distress in the next 2 years
Harmony Gold Mining has a strong financial position based on the latest SEC filings
Latest headline from forbes.com: Junior Miners ETF Buy Write Seeks 5 percent Return Next Five Weeks

Harmony Largest EPS Surprises

Earnings surprises can significantly impact Harmony Gold's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2007-04-25
2007-03-310.090.08-0.0111 
2000-11-09
2000-09-300.10.11430.014314 
2011-10-31
2011-09-300.10.130.0330 
View All Earnings Estimates

Harmony Gold Thematic Classifications

In addition to having Harmony Gold stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Plastics Idea
Plastics
Rubber and plastics accessories
Compulsion Idea
Compulsion
Addiction driven consumer products and services
Gold and Gold Mining Idea
Gold and Gold Mining
Stocks, funds, and ETFs that are involved in producing or trading gold across different geographical areas

Harmony Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Harmony Gold is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Harmony Gold Mining backward and forwards among themselves. Harmony Gold's institutional investor refers to the entity that pools money to purchase Harmony Gold's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Mirae Asset Global Investments (korea) Co Ltd2023-12-31
1.6 M
Bank Of America Corp2023-12-31
1.4 M
Us Global Investors Inc2023-12-31
1.1 M
Connor Clark & Lunn Inv Mgmt Ltd2023-12-31
1.1 M
Mackenzie Investments2023-12-31
911.1 K
Millennium Management Llc2023-12-31
849.2 K
Jane Street Group, Llc2023-12-31
819.8 K
Lord, Abbett & Co Llc2023-12-31
773.5 K
Wellington Management Company Llp2023-12-31
758.9 K
Van Eck Associates Corporation2023-12-31
57.7 M
Exor Investments (uk) Llp2023-12-31
26 M
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 5.65 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

Harmony Gold's profitability indicators refer to fundamental financial ratios that showcase Harmony Gold's ability to generate income relative to its revenue or operating costs. If, let's say, Harmony Gold is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Harmony Gold's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Harmony Gold's profitability requires more research than a typical breakdown of Harmony Gold's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
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.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.1  0.10 
Return On Capital Employed 0.16  0.17 
Return On Assets 0.1  0.10 
Return On Equity 0.16  0.17 

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.
Last ReportedProjected for Next Year
Book Value Per Share 50.90  45.65 
Net Current Asset Value-5.8 B-6.1 B
Tangible Asset Value19.2 B12.9 B
Tangible Book Value Per Share 51.03  43.74 
Enterprise Value Over EBITDA 7.38  7.75 
Price Book Value Ratio 1.25  1.32 
Enterprise Value Multiple 7.38  7.75 
Price Fair Value 1.25  1.32 
Enterprise Value28.8 B30.3 B
The analysis of Harmony Gold's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Harmony Gold's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Harmony Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield
0.0129
Forward Dividend Yield
0.0129
Forward Dividend Rate
0.12
Beta
1.171

Technical Drivers

As of the 15th of April 2024, Harmony Gold retains the Market Risk Adjusted Performance of 0.38, downside deviation of 2.19, and Risk Adjusted Performance of 0.1497. 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 9.05 per share. Given that Harmony Gold Mining has jensen alpha of 0.6375, 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

Execute Study
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Harmony Gold middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Harmony Gold Mining. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Harmony Gold Predictive Daily Indicators

Harmony Gold intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Harmony Gold stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Harmony Gold Corporate Filings

6K
4th of April 2024
A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.
ViewVerify
26th of March 2024
Other Reports
ViewVerify
6K
19th of March 2024
A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.
ViewVerify
6K
8th of March 2024
A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.
ViewVerify
6K
28th of February 2024
A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.
ViewVerify
6K
22nd of February 2024
A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.
ViewVerify
13A
14th of February 2024
An amended filing to the original Schedule 13G
ViewVerify
6K
31st of January 2024
A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.
ViewVerify

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.

About Harmony Stock Analysis

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.
Last ReportedProjected for Next Year
Pretax Profit Margin 0.15  0.16 
Operating Profit Margin 0.14  0.17 
Net Profit Margin 0.11  0.12 
Gross Profit Margin 0.23  0.24 

Current Harmony Analysis - Recommendations

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.
Target PriceAdvice# of Analysts
3.62Hold1Odds
Harmony Gold Mining current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Harmony analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Harmony stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Harmony Gold Mining, talking to its executives and customers, or listening to Harmony conference calls.
Harmony Analyst Advice Details

Harmony Stock Analysis Indicators

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.
Begin Period Cash Flow2.4 B
Long Term Debt5.6 B
Common Stock Shares Outstanding614.6 M
Total Stockholder Equity34.8 B
Total Cashflows From Investing Activities-10.6 B
Tax Provision1.7 B
Quarterly Earnings Growth Y O Y2.209
Property Plant And Equipment Net41.5 B
Cash And Short Term Investments2.9 B
Cash2.9 B
Accounts Payable5.2 B
Net Debt2.8 B
50 Day M A7.0788
Total Current Liabilities6.9 B
Other Operating Expenses41.4 B
Non Current Assets Total48.6 B
Non Currrent Assets Other6.7 B
Stock Based Compensation112 M
When determining whether Harmony Gold Mining offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Harmony Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Harmony Gold Mining Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Harmony Gold Mining Stock:
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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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.
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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.
Quarterly Earnings Growth
2.209
Dividend Share
2.22
Earnings Share
0.76
Revenue Per Share
92.841
Quarterly Revenue Growth
0.351
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.