Harmony Gold (HMY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Harmony Gold (HMY) and Cabot (CBT) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
HMY's earnings and revenues increase year over year in the fiscal 2024 on higher average gold prices.
Harmony Gold Mining Company Limited (NYSE:HMY ) Q4 2024 Earnings Conference Call September 5, 2024 4:00 AM ET Company Participants Jared Coetzer - Investor Relations Peter Steenkamp - Chief Executive Officer Boipelo Lekubo - Financial Director Beyers Nel - Group Chief Operating Officer Conference Call Participants Bruce Williamson - Integral Asset Management Leroy Mnguni - HSBC Adrian Hammond - SBG Securities Operator Welcome to chorus call. Peter Steenkamp Good.
Harmony Gold is a high-cost gold miner. Its earnings recovery is expected to be stronger than that of its peers due to the gold price rally. The outlook for the gold price remains positive, even after the September Fed rate cut has been priced in. Production volume continues to surprise the market driven by a sustainable improvement in recovered grade.
In the most recent trading session, Harmony Gold (HMY) closed at $11.16, indicating a -0.53% shift from the previous trading day.
In the most recent trading session, Harmony Gold (HMY) closed at $10.13, indicating a +1.3% shift from the previous trading day.
In the latest trading session, Harmony Gold (HMY) closed at $9.48, marking a +0.48% move from the previous day.
Harmony Gold (HMY) concluded the recent trading session at $9.57, signifying a -1.54% move from its prior day's close.
Harmony Gold (HMY) closed at $9.09 in the latest trading session, marking a +0.55% move from the prior day.
Harmony Gold (HMY) closed at $9.45 in the latest trading session, marking a -1.77% move from the prior day.