Harmony Gold (HMY) Declines More Than Market: Some Information for Investors

Company Performance - Harmony Gold (HMY) closed at $15.82, reflecting a -1.25% change from the previous day, underperforming the S&P 500 which lost 0.08% [1] - Prior to the recent trading session, shares of Harmony Gold had gained 11.79%, outperforming the Basic Materials sector's loss of 1.5% and the S&P 500's gain of 1.21% [1] Earnings Forecast - Zacks Consensus Estimates project earnings of $2.85 per share and revenue of $0 million for the year, indicating a significant increase of +190.82% in earnings compared to the previous year [2] Analyst Estimates - Recent changes to analyst estimates for Harmony Gold reflect short-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [3] Zacks Rank and Valuation - Harmony Gold currently holds a Zacks Rank of 1 (Strong Buy), with a Forward P/E ratio of 5.62, which is a discount compared to the industry average Forward P/E of 13.38 [5] - The company has a PEG ratio of 0.1, significantly lower than the Mining - Gold industry's average PEG ratio of 0.58 [6] Industry Context - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 54, placing it in the top 22% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]