Company Performance - Harmony Gold (HMY) closed at $14.62, reflecting a +1.67% change from the previous day's closing price, outperforming the S&P 500's daily loss of 0.33% [1] - The stock has decreased by 3.75% over the past month, underperforming the Basic Materials sector's gain of 1.87% and the S&P 500's gain of 4.07% [1] Earnings Estimates - The upcoming earnings release is anticipated, with Zacks Consensus Estimates projecting earnings of $2.85 per share and revenue of $0 million, indicating a +190.82% change in earnings from the previous year [2] - Recent estimate revisions are crucial as they reflect near-term business trends and analyst optimism regarding profitability [3] Analyst Ratings - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Harmony Gold at 1 (Strong Buy), with a historical average annual return of +25% for stocks rated 1 since 1988 [5] - Over the past month, the Zacks Consensus EPS estimate for Harmony Gold has increased by 17.77% [5] Valuation Metrics - Harmony Gold's Forward P/E ratio is 5.05, which is a discount compared to the industry average Forward P/E of 13.04 [6] - The company has a PEG ratio of 0.09, significantly lower than the Mining - Gold industry's average PEG ratio of 0.55 [6] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 23, placing it in the top 10% of over 250 industries [7] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [7]
Why the Market Dipped But Harmony Gold (HMY) Gained Today