Harmony Gold Mining Stock Buy Hold or Sell Recommendation

HGMCF Stock  USD 8.00  0.05  0.63%   
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Harmony Gold Mining is 'Strong Sell'. Macroaxis provides Harmony Gold buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding HGMCF positions. The advice algorithm takes into account all of Harmony Gold's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Harmony Gold's buy or sell advice are summarized below:
Real Value
9.04
Hype Value
8
Market Value
8
Naive Value
7.64
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Harmony Gold Mining given historical horizon and risk tolerance towards Harmony Gold. When Macroaxis issues a 'buy' or 'sell' recommendation for Harmony Gold Mining, the advice is generated through an automated system that utilizes algorithms and statistical models.
  
Check out Harmony Gold Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
In addition, we conduct extensive research on individual companies such as Harmony and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards 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 main economic indicators.

Execute Harmony Gold Buy or Sell Advice

The Harmony recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Harmony Gold Mining. Macroaxis does not own or have any residual interests in Harmony Gold Mining or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Harmony Gold's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell Harmony GoldBuy Harmony Gold
Strong Sell

Market Performance

OKDetails

Volatility

Somewhat reliableDetails

Hype Condition

StaleDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

Below AverageDetails

Economic Sensitivity

Follows the market closelyDetails

Analyst Consensus

Not AvailableDetails

Reporting Quality (M-Score)

InapplicableDetails
For the selected time horizon Harmony Gold Mining has a Mean Deviation of 1.25, Standard Deviation of 3.1 and Variance of 9.61
We provide advice to complement the regular expert consensus on Harmony Gold. Our dynamic recommendation engine utilizes a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time. To make sure Harmony Gold Mining is not overpriced, please check out all Harmony Gold fundamentals, including its cash per share, earnings per share, and the relationship between the ebitda and current ratio . Given that Harmony Gold Mining has a price to earning of 4.64 X, we strongly advise you to confirm Harmony Gold Mining market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your regular risk tolerance and investing horizon.

Harmony Gold Trading Alerts and Improvement Suggestions

Harmony Gold Mining had very high historical volatility over the last 90 days
The company reported the revenue of 42.65 B. Net Loss for the year was (1.05 B) with profit before overhead, payroll, taxes, and interest of 9.05 B.
About 12.0% of the company shares are held by company insiders

Harmony Gold Returns Distribution Density

The distribution of Harmony Gold's historical returns is an attempt to chart the uncertainty of Harmony Gold's future price movements. The chart of the probability distribution of Harmony Gold daily returns describes the distribution of returns around its average expected value. We use Harmony Gold Mining price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Harmony Gold returns is essential to provide solid investment advice for Harmony Gold.
Mean Return
0.37
Value At Risk
-0.84
Potential Upside
4.61
Standard Deviation
3.10
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Harmony Gold historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Harmony Gold Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Harmony Gold or Basic Materials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Harmony Gold's price will be affected by overall pink sheet market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Harmony pink sheet's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.42
β
Beta against NYSE Composite-0.49
σ
Overall volatility
3.17
Ir
Information ratio 0.08

Harmony Gold Volatility Alert

Harmony Gold Mining exhibits very low volatility with skewness of 2.3 and kurtosis of 14.12. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Harmony Gold's pink sheet risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Harmony Gold's pink sheet price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Harmony Gold Fundamentals Vs Peers

Comparing Harmony Gold's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Harmony Gold's direct or indirect competition across all of the common fundamentals between Harmony Gold and the related equities. This way, we can detect undervalued stocks with similar characteristics as Harmony Gold or determine the pink sheets which would be an excellent addition to an existing portfolio. Peer analysis of Harmony Gold's fundamental indicators could also be used in its relative valuation, which is a method of valuing Harmony Gold by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Harmony Gold to competition
FundamentalsHarmony GoldPeer Average
Return On Equity-0.033-0.31
Return On Asset0.0552-0.14
Profit Margin(0.02) %(1.27) %
Operating Margin0.1 %(5.51) %
Current Valuation2.24 B16.62 B
Shares Outstanding618.03 M571.82 M
Shares Owned By Insiders12.27 %10.09 %
Shares Owned By Institutions50.51 %39.21 %
Price To Earning4.64 X28.72 X
Price To Book0.73 X9.51 X
Price To Sales0.05 X11.42 X
Revenue42.65 B9.43 B
Gross Profit9.05 B27.38 B
EBITDA(340 M)3.9 B
Net Income(1.05 B)570.98 M
Cash And Equivalents2.45 B2.7 B
Cash Per Share3.97 X5.01 X
Total Debt3.18 B5.32 B
Debt To Equity0.11 %48.70 %
Current Ratio1.51 X2.16 X
Book Value Per Share48.73 X1.93 K
Cash Flow From Operations6.92 B971.22 M
Earnings Per Share0.18 X3.12 X
Number Of Employees4718.84 K
Beta0.82-0.15
Market Capitalization2.3 B19.03 B
Total Asset46.81 B29.47 B
Retained Earnings(4.41 B)9.33 B
Working Capital1.44 B1.48 B
Current Asset3.47 B9.34 B
Current Liabilities2.03 B7.9 B
Annual Yield0.01 %
Net Asset46.81 B

Harmony Gold Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Harmony . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Harmony Gold Buy or Sell Advice

When is the right time to buy or sell Harmony Gold Mining? Buying financial instruments such as Harmony Pink Sheet isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Harmony Gold in your portfolios, you can quickly 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 investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Recreation Thematic Idea Now

Recreation
Recreation Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Recreation theme has 34 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Recreation Theme or any other thematic opportunities.
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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 Harmony Gold Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
Note that the Harmony Gold Mining information on this page should be used as a complementary analysis to other Harmony Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.

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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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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.