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HMY

Harmony Gold Mining (HMY) – Strong Growth & Rising ProfitabilityCompany Overview: Harmony Gold Mining NYSE:HMY continues to outperform expectations, delivering higher grades, cost efficiency, and production expansion. Key Catalysts: High-Quality Gold Extraction ⛏️ Underground recovered grades surged to 6.4 g/t, exceeding full-year guidance. Reinforces HMY’s ability to extract high-quality ore. Cost Efficiency & Rising Gold Prices 📈 All-in sustaining costs at ZAR 972,000/kg, well-managed despite inflationary pressures. Gold’s safe-haven demand surging due to geopolitical tensions, boosting HMY’s margins. Expansion & Future Growth 🚀 New high-grade mining site announced, set to enhance future production & revenue growth. Investment Outlook: Bullish Case: We remain bullish on HMY above $10.50-$11.00, supported by cost control & rising gold prices. Upside Potential: Our price target is $17.00-$18.00, driven by high-margin production & increasing investor interest in gold. 🔥 HMY – Unlocking Gold’s Full Potential. #HMY #GoldMining #SafeHavenAsset
NYSE:HMYLong
by Richtv_official
HMY - Falling Wedge ABCD Pattern HMY is formed a falling wedge from recent highs and currently making falling wedge with ABCD pattern. This means there is one more leg downwards to go. In ABCD pattern, the size of the second move downwards is very much the same as first move (either in $ or % terms). The projected price of completion of this falling wedge with ABCD pattern is between 6.13 and 5.43 because this coincides with: - a major support zone from Weekly timeframe at 5.90 (D) - Fibonacci retracement level of 0.618 is at 5.90 - gap fill is also at 5.90 (D) - a major support zone from Weekly timeframe at 5.43 Also, if we look at price range of first wedge pattern drop, it was $3.75 (from recent highs). With the formation of ABCD, the second wedge pattern price drop is also likely to be 3.75 from C point of ABCD pattern. This coincides with 6.13 price level.
NYSE:HMY
by I_M_Shoaib
Riding the Wave of Positive Momentum in Precious Metals Harmony Gold Mining ADR (American Depositary Receipt) is making waves in the medium to long-term market, riding a rising trend channel that signifies positive development and a growing buy interest among investors. This South African mining company has not only broken through significant resistance levels but has also showcased a robust performance, demonstrating a compelling narrative for investors seeking opportunities in the precious metals sector. Positive Signal and Strong Performance: The stock's ascent began with a notable positive signal emanating from a rectangle formation, which led to a breakthrough of resistance at $4.49. Since then, Harmony Gold Mining ADR has experienced a robust uptrend, with the price surging significantly. The achievement of the initial objective at $5.91 underscores the strength of the positive momentum, marking a successful outcome for investors who recognized the potential early on. Continued Signal in the Same Direction: Despite surpassing the initial target, the price chart continues to exhibit a bullish signal, indicating that the positive trend is not merely a fleeting moment but a sustained trajectory. The absence of resistance levels further supports the notion that Harmony Gold Mining ADR is well-positioned for further gains, making it an appealing prospect for investors looking to capitalize on the ongoing momentum. Technical Analysis and Support Levels: A technical analysis reveals a rising trend channel, reinforcing the notion that Harmony Gold Mining ADR is experiencing positive development. In the event of a negative reaction, the stock enjoys a strong support level at approximately $5.30, providing a safety net for investors and suggesting a level of resilience against potential market fluctuations. Market Outlook and Precious Metals Sector: The company's positive momentum aligns with broader trends in the precious metals sector, where global economic uncertainties often drive investors towards safe-haven assets like gold. Harmony Gold Mining ADR, with its strategic positioning in the South African mining industry, stands to benefit from the current market dynamics, offering investors exposure to the potential upside in gold prices. Harmony Gold Mining ADR's impressive performance in the medium to long term, coupled with the sustained positive signal from technical analysis, paints a compelling picture for investors seeking opportunities in the precious metals sector. The successful breach of resistance levels, coupled with the absence of significant obstacles in the price chart, positions Harmony Gold Mining ADR as a stock with the potential for further growth. As global economic uncertainties persist, this mining company emerges as a promising prospect for investors looking to ride the wave of positive momentum in the precious metals market.
NYSE:HMYLong
by DEXWireNews
Harmony Gold Mining shares jump on strong Q1 resultsJOHANNESBURG - Harmony Gold Mining Company Limited (NYSE: HMY) shares climbed 9% to $4.87 in premarket trading Today, following the announcement of a robust fiscal first quarter performance. The South African gold miner reported a significant increase in gold production and a reduction in costs, leading to a notable 31% rise in the company's stock since the start of the year. In the July-September quarter, Harmony Gold saw its gold production escalate by 17%, with nearly all operations contributing to this growth. Notably, South African underground mines exhibited an 18% improvement in grade, alongside a strong output from the Hidden Valley mine. These advancements have propelled the company's revenue up by a third, reaching ZAR14.8 million ($793 million). Efficiency measures have also played a key role in Harmony's financial uplift. The miner successfully brought down its costs through the utilization of lower-cost surface treatment production methods and by leveraging higher silver and uranium by-product credits. Looking ahead, Harmony Gold remains confident in its operational targets, reiterating its full-year gold production forecast of between 1.38 and 1.48 million ounces. Furthermore, the company aims to maintain its All-in Sustaining Costs (AISC) below ZAR975,000 per kilogram. Investors have responded positively to these developments, signaling confidence in Harmony's strategic direction and its ability to maintain momentum in a challenging market environment. The company's focus on increasing efficiency while boosting production levels appears to be paying dividends as it navigates the volatile gold market. Technical Analysis Price Momentum HMY is trading in the middle of its 52-week range and above its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
NYSE:HMYLong
by DEXWireNews
$XAUUSD 1855 appears to be its target*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management Things are heating up with gold $XAUUSD. We are all aware of how violent its movements can be when it is let off its leash. My team developed itself into what it has become today from trading $XAUUSD and Bitcoin $BTC. We have plenty of experience predicting their price movements. In our post from yesterday we mentioned that some members of our team bought into mining company Harmony Gold $HMY yesterday to profit from golds rise. They will plan their next move once gold begins to head into the 1850s. If you want to see more, please like and follow us @SimplyShowMeTheMoney
OANDA:XAUUSDLong
by SimplyShowMeTheMoney
2
$XAUUSD the big move is near*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management Nerves are high whenever we look at this bad boy. If this move is as big as we think it's going to be people are about to make a lot of money. People are also about to lose a lot of money. Some people on my team are speculating that you should go long here, others are neutral. Nobody on our team is bearish on this call. A gold mining company called Harmony Gold $HMY is where some of us have parked a little cash in case this is bullish. If you want to see more, please like and follow us @SimplyShowMeTheMoney
OANDA:XAUUSD
by SimplyShowMeTheMoney
HMYanálisis con ondas de Elliot en temporalidad diaria (1D) Al parecer, por el momento, estamos en el inicio de una onda 5 con visión alcista para HMY clúster de Fibonacci, el primer fibo arrancando desde la onda 1 hasta el máximo anterior y el otro desde el arranque de onda 3 hasta el mismo máximo no llego a tocar los niveles de fibo pero lo tomo como zona importante lo que se espera en el ewo es una divergencia que confirme que era onda 5 DMI, adx por el piso todavía, para confirmar y estar mas seguro de que va por buen camino debería subir, +DI positivo dentro del -DI positivo por el momento. también se espera un aumento de la media del volumen para estar seguro de que continuara sin problema la suba. Objetivos: objetivo de onda 5 para que supere el precio de onda 3 lo tenemos en el 161.8 de extensión (zona blanca objetivo) objetivo ABC lo tenemos en el 61.8 que nos coincide con el anterior máximo (zona roja objetivo) por ultimo, tiempo estimado de llegada a objetivo si el análisis se cumple, desde el 22/10 al 9/11, objetivo medio 30/10. análisis realizado por LB
NYSE:HMYShort
by lucasbernal07
HMY - Uprising !!! After peaking at over $18.00 and and around $15.00 over the last decade, HMY has seen worst days than what probably lies ahead. This seems like a promising opportunity with HMY successfully raising $200M to part fund the acquisition of AngleGold Ashanti’s South African assets. A few days later it featured in Zacks Analyst Blog Highlight among the top five Gold stocks to deliver strong results in 2020 on 30.06.2020. I see a potential inverted triangle forming with higher lows forming across mid-March to May with almost 50% retracement before breaking through the previous high. Technicals point to a good longer term buying opportunity after the gap sees some retracement. You can potentially wait for an entry as it nears 50 EMA during pullback. What are your thoughts?
NYSE:HMYLong
by gavkr
$JSEHAR Harmony gold back into buying territory?I'm starting to keep a close eye on Harmony Gold. It has retreated almost 30% from the highs printed on the 6th of January this year @ R58.64. The current area at R42 has been a major support level for harmony over the last 6 months with multiple reversals off this zone. What adds some further strength to this level is that we also see the 200 day moving average intersecting in the same area (200 day ma R41.44). The last time Harmony touched its 200 day moving average was back in June last year when the price was at R26! Watch for the stock to consolidate and form a reversal candle off the current support area for a possible opportunity to accumulate the stock for a move higher. Should a reversal take place, shorter term targets are R47, R50 and R53. I would keep a stop loss under R40.00 to protect your capital.
JSE:HARLong
by MarcoOlevano
1
HMY - Still running With Strong Supports In PlaceAs of late, it has definitely been a great time to be an investor Harmony Gold Mining Company Limited HMY. The stock has moved higher by 82.6% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path. We certainly think that this might be the case, particularly if you consider HMY’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as HMY has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company (Source: finance.yahoo.com) Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company's segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3. The Surface segment comprises the Company's other surface operations. The Company's International segment comprises Hidden Valley Project. The Company has operations in South Africa and Papua New Guinea (PNG). The Company's principal product is the Gold bullion. The Company's exploration projects include Golpu project and Kili Teke prospect. The Company has approximately nine underground mines, one open pit operation and several surface sources in South Africa. The Company's subsidiaries include Lydenburg Exploration Limited, Tswelopele Beneficiation Operation (TBO) and Harmony Copper Limited. SHORT INTEREST 6.8M 07/15/19 P/E Ratio (with extraordinary items) -3.50 Analyst Recommendation: BUY
NYSE:HMYLong
by DEXWireNews
HMY - Correction Nearing an EndHarmony Gold is following the correction seen across the gold miners. I see two similar counts playing out over the next few weeks: Blue count: the whole wave C is an ending diagonal and we are currently in wave iv of the final move down. Red count: an alternative count would see us fall to lower lows beginning of next week to complete wave iii of C and then make one last bounce upwards before the final leg down. Either count would have HMY bottom within a month or so and potentially take us down to the 2.60-2.40 range.
NYSE:HMY
by Eboard10
$gdx approaching falling-window resistance.$xauusd and $tip had a couple of down days and I anticipated yesterdays $gdx pullback at the open. I jumped on a few small buys between 30.20 - 30.25 and sold my July 1st buys into the 30.60 recovery. Just like in December, the miners are lagging and I would definitely start to scale-back all weak hands before the 31.33 - 32.14 falling window resistance. This small (less than 1%) position is just to gamble on the breakout in the event that it moves to the upside quicker than anticipated. I guess I could pair this with something cheap like $jdst but my position right now is negligable. As far as technicals go, %B is showing some divergence on the Daily. This downward move occurred when it hit 1.0 but relative to the trend, this should not have been in O/B territory. To me, this is an early sign that the trend starting a small correction downward-- possibly with the window-resistance acting as the turning point. This correction should bounce in the 27.00 area (previous support). Now, obviously, the trend is still up-- gold is still up. TIPS are still up. I'm still long here but I'm managing my risk. I'm holding small positions (5% of my original position, less than 1% of my available equity) now in #gdx and $hmy. I'm expecting another pullback at the open today in gold miners, followed by further downward movement until the bounce and finally an attempt to break out of the falling window. I'll be attempting to catch these wicks in accumulation mode and build a decent position.
AMEX:GDXLong
by chxdd