Harmony Gold Mining (HMY) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Harmony Gold Mining is expected to report quarterly results on Wednesday, March 11, with analysts projecting earnings of $1.35 per share and revenue of $3.3696 billion.
• The stock opened at $19.62 and is trading near its moving averages (50‑day $21.40, 200‑day $18.96) with a 1‑year range of $11.30 to $26.06.
• Analyst sentiment is mixed—MarketBeat shows an average rating of "Moderate Buy" with a consensus target price of $16.00—and institutional investors own about 31.79% of the shares amid recent hedge fund activity.

Harmony Gold Mining (NYSE:HMY - Get Free Report) is projected to release its resultson Wednesday, March 11th. Analysts expect Harmony Gold Mining to post earnings of $1.35 per share and revenue of $3.3696 billion for the quarter.

Harmony Gold Mining Stock Up 0.4%

HMY opened at $19.62 on Friday. The company has a fifty day moving average price of $21.40 and a two-hundred day moving average price of $18.96. Harmony Gold Mining has a 1-year low of $11.30 and a 1-year high of $26.06. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HMY. Advisory Services Network LLC bought a new stake in shares of Harmony Gold Mining during the third quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Harmony Gold Mining during the 4th quarter valued at about $26,000. Osaic Holdings Inc. boosted its stake in Harmony Gold Mining by 22.1% during the 2nd quarter. Osaic Holdings Inc. now owns 7,436 shares of the mining company's stock valued at $104,000 after purchasing an additional 1,346 shares during the last quarter. FORA Capital LLC bought a new stake in Harmony Gold Mining during the 2nd quarter worth approximately $145,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Harmony Gold Mining by 13.9% in the second quarter. EverSource Wealth Advisors LLC now owns 10,516 shares of the mining company's stock worth $147,000 after purchasing an additional 1,280 shares during the last quarter. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wall Street Zen upgraded Harmony Gold Mining from a "buy" rating to a "strong-buy" rating in a research note on Saturday, January 17th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Harmony Gold Mining in a research note on Thursday, January 22nd. Finally, Zacks Research cut Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.00.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.

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