With gold and other precious metals trading up today, several gold stocks such as Harmony Gold Mining Co. (ADR) (NYSE:HMY) are up big. While gold is only up around 0.75% today, shares of Harmony Gold Mining Co. (ADR) (NYSE:HMY) are up over 11%. Other gold stocks performing well today include DRDGOLD Ltd. (DRD) — up over 13%, and Sibanye Gold (SBGL).
Harmony Gold Mining Co. (ADR) (NYSE:HMY), however, is leading the pack, and if foreign markets continue to slide there is no reason to expect these stocks to go down anytime soon.
Today has seen over 5.1 million shares of Harmony Gold trade hands, compared to the daily average of just 1.9 million. The stock is up 11.85% or $0.16, hitting $1.51 per share. About 4.71 million shares traded hands or up 85.43% from the average. HMY has declined 2.17% since June 9, 2015 and is currently downtrending. It has outperformed the S&P500 by 5.31%.
Harmony Gold Mining Company Limited is a gold-mining and exploration company. The company has a market cap of $611.44 million. The Firm has activities in South Africa and Papua New Guinea. It currently has negative earnings. In South Africa, the Company’s activities are focused on the Witwatersrand Basin and the Kraaipan Greenstone Belt.