Hmy stock price forecast brokerage revisions on HMY stock price

Brokerage revisions on HMY stock price forecast show two major firms upgrading to “Buy” amid strong sector tailwinds and favorable macro conditions for precious metal producers. Harmony Gold Mining (NYSE:HMY) is trading 11.11 times its earnings, which is a 31% discount compared to the sector median of 16.10. The company’s earnings are expected to grow by 68.61% this year. In the second quarter, Harmony Gold Mining’s (NYSE:HMY) stock was held by 17 hedge funds with stakes worth $171.88 million. Kopernik Global Investors is the largest shareholder in the company with a stake worth $26.90 million as of June 30. Industry analysts have a consensus on the stock’s Buy rating, setting an average share price target at $10.30, which represents a 92.52% upside potential from its current level. I agree to TipRanks Terms of use and Privacy Policy HMY stock price forecast incorporates geopolitical risks impacting currency exchange. A weaker South African rand historically boosts USD-based revenue, and macroeconomic indicators this quarter show rand depreciation accelerating.