Harmony Gold Mining Co. (ADR) (HMY) Stock Now Up 191% Year to Date

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If you invested in shares of Harmony Gold Mining Co. (ADR) (NYSE:HMY) as part of a new years resolution, then you probably are quite happy today. The stock has continued to climb Wall Street’s ladder, as the price of gold has steadily increased. Since the beginning of the year, the stock is up an astounding 191.41%. The company recently beat analysts’ esitmates and has proven Wall Street wrong on several occasions.

With many analysts feeling as though a recession is on the horizon, and some believing that we could actually be in one right now, the price of gold could continue to rise. This is great news for South Africa’s third largest gold mining cmpany, yet the stock is still trading at well below levels seen years ago. For example, Harmony Gold Mining Co. (ADR) (NYSE:HMY) was valued at over $8.00 per share in 2012, and as high as $15.57 in 2011. It’s doubtful we will see this stock return to these levels anytime soon, but continued uptrending could occur especially if the price of gold continues to rise.

The stock is up 14.50% or $0.34 following the news, hitting $2.72 per share. About 4.53 million shares traded hands or up 46.60% from the average. HMY has risen 90.40% since July 8, 2015 and is currently uptrending. It has outperformed the S&P500 by 99.87%.

Harmony Gold Mining Company Limited is a gold-mining and exploration company. The company has a market cap of $1.17 billion. 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.

#focuskw=’Harmony Gold Mining Co. (ADR) (NYSE:HMY)’##metadesc=’If you invested in shares of Harmony Gold Mining Co. (ADR) (NYSE:HMY) as part of a new years resolution, then you probably are quite happy today. The stock has continued to climb Wall Street’s ladder, as the price of gold has steadily increased. Since the beginning of the year, the stock is up an astounding 191.41%. The company recently beat analysts’ esitmates and has proven Wall Street wrong on several occasions.

With many analysts feeling as though a recession is on the horizon, and some believing that we could actually be in one right now, the price of gold could continue to rise. This is great news for South Africa’s third largest gold mining cmpany, yet the stock is still trading at well below levels seen years ago. For example, Harmony Gold Mining Co. (ADR) (NYSE:HMY) was valued at over $8.00 per share in 2012, and as high as $15.57 in 2011. It’s doubtful we will see this stock return to these levels anytime soon, but continued uptrending could occur especially if the price of gold continues to rise.

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