Overall market sentiment has been down on Harmony Gold Mining Co. (HMY) stock lately. HMY receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Harmony Gold Mining Co. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on HMY!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With HMY Stock Today?
Harmony Gold Mining Co. (HMY) stock is down -3.64% while the S&P 500 is higher by 1.26% as of 11:16 AM on Thursday, Jan 27. HMY is lower by -$0.13 from the previous closing price of $3.71 on volume of 2,700,671 shares. Over the past year the S&P 500 is higher by 14.42% while HMY is lower by -22.17%. HMY earned $0.54 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.65.
To see InvestorsObserver's Sentiment Score for Harmony Gold Mining Co. click here.
More About Harmony Gold Mining Co.
Harmony Gold Mining Co Ltd is a gold mining and exploration company having operations in South Africa and Papua New Guinea (PNG). Its projects include Bambanani, Joel, Masimong, Phakisa, Target 1, Tshepong, Unisel, Doornkop, and Kusasalethu. The group's segments are Tshepong Operations, Bambanani, Joel, Doornkop, Moab Khotsong, Hidden Valley, Target 1, Kusasalethu, Masimong, Unisel, and all other surface operations.
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