|Bid||2.3100 x 38800|
|Ask||2.3200 x 21500|
|Day's Range||2.2500 - 2.3500|
|52 Week Range||1.9400 - 5.5000|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||12.89|
|Forward Dividend & Yield||0.05 (2.15%)|
|Ex-Dividend Date||Apr 07, 2022|
|1y Target Est||2.86|
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Harmony Gold Mining (NYSE: HMY) stock plunged 9.6% at its lowest point this week, according to data provided by S&P Global Market Intelligence, before regaining some ground the last day. As of 2 p.m. ET Friday, the gold stock was trading nearly 5% lower for the week. At midweek, UBS analyst Steve Friedman downgraded Harmony Gold stock's rating to neutral and slashed its price target to 47 South African rand per share from 61 ZAR a share, according to TheFly.com.
The heavy selling pressure might have exhausted for Harmony Gold (HMY) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Harmony (HMY) benefits from higher year over year average gold prices despite a decline in production in fiscal 2022.