Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Harmony Gold Mining Co Ltd (NYSE: HMY) weakened in recent days. HMY’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Harmony Gold Mining Co Ltd (NYSE: HMY) stock declined slightly by -0.2% on 11/17/23. The stock closed at $5.44. The stock has been exceptionally strong relative to the market over the last nine months and has risen 19.8% during the last week.
Current PriceTarget Research Rating
HMY is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Harmony Gold Mining has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Harmony Gold Mining has a neutral Appreciation Score of 45 but a good Power Rating of 79, with the High Neutral Value Trend Rating the result.
Be the first to comment