Harmony Gold Mining Company Limited (NYSE:HMY) recorded -14.44% downtrend from the beginning of this year till date. The 12-month potential price target for Harmony Gold Mining Company Limited is set at $2.3. This target means that the stock has an upside potential to increase by 43.75% from the current trading price. The stock of HMY went up by $0.09 now trading at $1.6. Their shares witnessed a 12.68% increase from the 52-week low price of $1.42 they recorded on 2018-08-16. Even though it is still -58.13% behind the $2.53 high touched on 2018-03-26. The last few days have been good for the stock, as its price has grew by 5.96% during the week. It has also performed poorly over the past three months, as it lost around -9.6% while it has so far retreated around -12.57% during the course of a year.
When giving their opinion, around 33.33% of Wall Street analysts, which represents 1 out of 3 rated the stock as a Buy. 1 brokerage firms of the remaining 33.33% rated the stock as a Hold with 1 analyst rating it as a sell. Overall, the number of aggregate HMY shares held by institutional investors represents 27.7% of total shares. 11 institutions entered new Harmony Gold Mining Company Limited (NYSE:HMY) positions, 44 added to their existing positions in these shares, 42 lowered their positions, and 10 exited their positions entirely.
Harmony Gold Mining Company Limited (HMY) trade volume has increased by 13.62% as around 3,203,482 shares were sold when compared with its 50-day average volume of traded shares which is 2,819,406. At the moment, HMY is witnessing a downtrend, as it is trading -2.35% below its 20-day SMA, -10.49% below its 50-day SMA, and -13.15% below its 200-day SMA. The company runs an ROE of roughly -15.5%, with financial analysts predicting that their earnings per share growth will be around 0% per annum for the next five year. This will be compared to the 40.5% increase witnessed over the past five years.
The first technical resistance point for Harmony Gold Mining Company Limited (NYSE:HMY) will likely come at $1.65, marking a 3.03% premium to the current level. The second resistance point is at $1.7, about 5.88% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $1.47, the lower end of the range. HMY’s 14-day MACD is -0.07 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 43.83, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 48.1 percent, which is low when compared to that of the 50-day’s 58.83 percent.
The shares of Alcoa Corporation (NYSE:AA) has decreased by -5.15%, and now trading at $30.4 on the Wall Street in the intra-day deal, with their shares traded now around 3,012,290. This is a decline of -1,203,262 shares over the average 4,215,552 shares that were traded daily over the last three months. The stock that is trading at $30.4 went lower by -1.75% from its 52-week low of $30.94.
AA stock hasn’t performed well over the past 30 days, as it lost -17.68% while its price plunged by -43.57% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -2.53% over the last week. The stock’s 12-month potential target price is now at $56.71. This means that the stock price might likely increase by 86.55% from its current trading price.
Alcoa Corporation (NYSE:AA) has been utilizing an ROE that is roughly -0.2%, with stock analysts predicting that the company’s EPS for the next five years will go up by 4% per year, following the 0% drop that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -10.5% below its 20-day SMA, -16.5% below its 50-day SMA, and -31.49% below its 200-day SMA. In percentage terms, the aggregate Alcoa Corporation shares held by institutional investors is 86.3%. 64 institutions jumped in to acquire Alcoa Corporation (AA) fresh stake, 182 added to their current holdings in these shares, 234 lowered their positions, and 89 left no stake in the company.
The stock’s 9-day MACD is -0.55 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 35.17, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 63.77 percent, which is more when compared to that of the 50-day’s 54.13 percent. On the daily chart, we see that the stock could reach the first level of resistance at $31.64, sporting a 3.92% premium to the current level. The next resistance point is at $32.87, representing nearly 7.51% premium to the current market price of Alcoa Corporation (AA). On the other hand, failure to breach the immediate hurdles can drag it down to $29.03, the lower end of the range.