NYSE:HMY

8.17
0.15 (1.87%) 1d
0
COMMENT

The change in government in South Africa is giving rise to optimism of lower corruption and a better business environment for gold miners in SA. He thinks that Harmony Gold will benefit from this optimism, at least over the short term. However, whether the actual business climate will change in SA for the long term is uncertain.

precious metals
HOLD

Took a tax loss on this, but since then it has quadrupled. His target price was about $16. If he had it now, he would still Hold it. The Rand has gone way down in value, which is helping quite a bit. Also, the price of gold has gone up. They were working to get costs down in their various mines. Management is doing a good job.

precious metals
PAST TOP PICK

(A Top Pick Nov 17/14. Down 56.87%.) Sold his holdings at $0.70. Since he sold, 2 good things have happened. They have come to a wage agreement for the next 3 years with their employees. Also, their production is up about 10%. The balance sheet is not that bad. The key is going to be the price of gold and where it goes from here. This is a high cost producer. They are trying to cut back. A wonderful play in Papua New Guinea.

precious metals
PAST TOP PICK

(A Top Pick Oct 8/14. Down 62.5%.) Had played this wrong. Came off the rails for a number of reasons. There was the price of gold, they had fires in some of the mines and sustaining costs were too high. Liked the CEO, but he left. Balance sheet is still reasonable, but they don’t have the money to develop their mine in Papua New Guinea. Because the stock went under $1, there is a possibility of a stock consolidation. Sold his holdings.

precious metals
PAST TOP PICK

(A Top Pick Aug 26/14. Down 67.61%.) This has lots of problems. Production price is about $12.50 an ounce, which is high. They are trying to work on their mines and get the cost lower. Having difficulty with labour which is asking for a 60% wage increase. CEO is looking for a replacement. Have a wonderful play in Papua New Guinea of gold/copper, but can’t really finance it at this time. Potentially they could go under, but he is willing to continue holding as it has a lot of upside if gold goes up. Very, very dangerous.

precious metals
COMMENT

Doesn’t have strong feelings about gold. He is more positive on silver. This company has been one of his worst picks in years. The CEO has just decided to resign. They are retooling a number of their mines. They have decided not to let any workers go, which is going to be costly.

precious metals
PARTIAL BUY

(Top Pick May 23/14, Down 52%) Part of the decline is the gold sector and part is that they are based in South Africa where there are difficulties with unions and electrical power. Management is doing a good job, but their costs are too high. It has tremendous upside potential but there is danger because they have gone through so much cash. He is monitoring it to see if it should be reduced from a buy.

precious metals
PAST TOP PICK

(A Top Pick May 23/14. Down 40.5%.) The price of gold certainly hurt. The cost of production is too high at about $12.50 an ounce. Have a big project in Papua New Guinea, which is going to cost them a lot of money. He thinks they should still have a good future, and it remains on his Buy list. Have no dividend now, but thinks it will come back. His target price is over $20.

precious metals
COMMENT

This company has had a great run. They are working on getting their costs down on their mines, but at the same time they lost $25 million US last quarter. Likes management. They have a project in Papua New Guinea that is going into a feasibility stage now. His target price is $16 plus. They have to get costs down further and an upswing in the gold price would certainly help.

precious metals
TOP PICK

South African mining company. Their cost was quite reasonable. They lost a little this past quarter. Management is very experienced. Don’t pay a dividend any more. As the price of gold recovers, so should they. Their balance sheet is quite good as mining companies go. It’s a nice pick in the gold sector.

precious metals
TOP PICK

This is in South Africa and there are union problems. Their cost of production is about $1275, which is higher than the current cost of gold. They have 10 underground mines and one above ground. Have been around for a long time and management is very, very experienced. They’ve been cutting costs. They produce over 1 million ounces a year. Trades at a third of BV without any good will. Feels it has a good chance of recovery with upside potential. He has a Sell target of $16+. Gold is a very contrarian space right now and he could see adding another 1 or 2 gold stocks before the end of the year.

precious metals
TOP PICK

Based in South Africa where there are a lot of problems. There is a union that is very, very difficult, and which is looking at targeting the gold sector. This company has had a few deaths at their mines, which does not bode well. Also, gold prices have certainly hurt them. He really likes the management, which is very conservative. Eliminated the dividend, but when things get better, the dividend will get back in place. Recently showed a loss because they took a write-down on one mine. There would have been a slight profit if they had not done that. This pick is very contrarian from both a geographic perspective and the price of gold. His Initial Sell Target is $16.14.

precious metals
TOP PICK

A huge gold company based in South Africa so the major problem is political risk. They do above $1.5 billion in revenues. Have been making money. Very prudent management which cancelled the dividend. Have some good properties.

precious metals
BUY

This was his 2nd last purchase at $2.42. He has a target price of better than $16. That’s a long ways and gold would obviously have to go up. They were profitable last quarter. Have lowered costs by 23% relative to the US$, but have announced that production is going to be down 12%-15% in the upcoming quarter because of cutbacks and problems in some of the mines. Also, they are in South Africa which has all kinds of labour problems. Likes this longer-term. Good management.

precious metals
TOP PICK

South African gold miner. This is a very difficult country to operate in. Have had problems with the unions. Over the past couple of weeks, it had 10 deaths in the mines. Produced over 1,000,000 ounces in 2012. Generally they are profitable, but not so in the last quarter. Also, they often pay a dividend, but are not doing so at this time. Cost of production is pretty reasonable. Very experienced management.

precious metals
Showing 1 to 15 of 17 entries

Harmony Gold Mining Co Ltd(HMY-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Harmony Gold Mining Co Ltd is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Harmony Gold Mining Co Ltd(HMY-N) Frequently Asked Questions

What is Harmony Gold Mining Co Ltd stock symbol?

Harmony Gold Mining Co Ltd is a American stock, trading under the symbol HMY-N on the New York Stock Exchange (HMY). It is usually referred to as NYSE:HMY or HMY-N

Is Harmony Gold Mining Co Ltd a buy or a sell?

In the last year, there was no coverage of Harmony Gold Mining Co Ltd published on Stockchase.

Is Harmony Gold Mining Co Ltd a good investment or a top pick?

Harmony Gold Mining Co Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Harmony Gold Mining Co Ltd.

Why is Harmony Gold Mining Co Ltd stock dropping?

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Is Harmony Gold Mining Co Ltd worth watching?

0 stock analysts on Stockchase covered Harmony Gold Mining Co Ltd In the last year. It is a trending stock that is worth watching.

What is Harmony Gold Mining Co Ltd stock price?

On 2024-03-28, Harmony Gold Mining Co Ltd (HMY-N) stock closed at a price of $8.17.