Gold to potentially make an extension towards $2,500/oz - Saxo Bank [Seeking Alpha]
Harmony Gold Mining Company Limited (HMY)
US:NYSE Investor Relations:
harmony.co.za/investors
Company Research
Source: Seeking Alpha
of $2,304.09 on Thursday, on expectations for lower U.S. interest rates this year. The brokerage sees silver moving towards $30, a level not seen since the February 2021 high. "Gold remains a buy-on-dip market, defying the normal negative impact of dollar and yield strength," Ole Hansen, Head of Commodity Strategy at Saxo Bank said, adding that, consolidation may follow in the short-term before rate cuts potentially triggers a second leg higher. According to the brokerage, gold reached the $2,300 target, without three important drivers, namely rate cuts, where expectations have fallen from above seven at the start of the year to less than three currently. The brokerage had envisaged a weaker dollar, and lower real yields to result in a pickup in demand for ETFs from real money managers. While neither of these has yet materialized, brokerage notes, gold has instead been driven higher by hedge funds, "or speculators enjoying the strong momentum that has been set in motion by str
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HMY
News
- Harmony Gold Mining Company Limited (NYSE: HMY) was downgraded by analysts at HSBC Holdings plc from a "hold" rating to a "reduce" rating.MarketBeat
- Harmony Gold Mining Company Limited (NYSE: HMY) had its price target raised by analysts at JPMorgan Chase & Co. from $3.20 to $4.90. They now have an "underweight" rating on the stock.MarketBeat
- Harmony Gold Mining Company Limited (NYSE: HMY) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Here's How Much a $1000 Investment in Harmony Gold Made 10 Years Ago Would Be Worth Today [Yahoo! Finance]Yahoo! Finance
- Caledonia Mining Corporation Plc: Appointment of Chief Operating Officer [Yahoo! Finance]Yahoo! Finance
HMY
Earnings
- 2/29/24 - Beat
HMY
Sec Filings
- 4/16/24 - Form 6-K
- 4/4/24 - Form 6-K
- 3/26/24 - Form SD
- HMY's page on the SEC website