BMO Capital analyst Raj Ray has started monitoring Harmony Gold (HMY, Financial), assigning it a Market Perform rating along with a price target of $16. Harmony, a prominent gold producer from South Africa, is expanding its ventures into copper and enhancing its geographical diversification. While the analyst appreciates the company's operational framework, it's noted that Harmony Gold's stock valuation is now largely comparable to its industry peers. This development is part of the analyst's latest research insights.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Harmony Gold Mining Co Ltd (HMY, Financial) is $15.84 with a high estimate of $16.19 and a low estimate of $15.50. The average target implies an upside of 12.28% from the current price of $14.11. More detailed estimate data can be found on the Harmony Gold Mining Co Ltd (HMY) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Harmony Gold Mining Co Ltd's (HMY, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
