NEW YORK (TheStreet) -- Shares of Harmony Gold Mining were gaining 7% to $2.76 Monday as gold prices added onto last week's gains. U.S. spot gold for February delivery was gaining 0.9% to $1,226.60 an ounce on the Comex on Monday morning, reaching as high as $1,231 earlier in the day.. Gold prices continued their gains due to a surprise drop in hourly wages in the U.S., according to Market Watch. The lower hourly wages helped keep expectations for an increase in interest rates low, according to the site. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. U.S. spot silver prices were also gaining 0.4% to $16.49 an ounce on the Comex Monday due to the lower hourly wages. TheStreet Ratings team rates HARMONY GOLD MINING CO LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: "We rate HARMONY GOLD MINING CO LTD (HMY) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and poor profit margins." Highlights from the analysis by TheStreet Ratings Team goes as follows: The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Metals & Mining industry. The net income has significantly decreased by 1918.2% when compared to the same quarter one year ago, falling from $1.29 million to -$23.53 million. The gross profit margin for HARMONY GOLD MINING CO LTD is rather low; currently it is at 18.28%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -6.00% is significantly below that of the industry average. This stock's share value has moved by only 9.97% over the past year. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time. HARMONY GOLD MINING CO LTD's earnings have gone downhill when comparing its most recently reported quarter with the same quarter a year earlier. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, HARMONY GOLD MINING CO LTD continued to lose money by earning -$0.28 versus -$0.62 in the prior year. HMY, with its decline in revenue, slightly underperformed the industry average of 4.0%. Since the same quarter one year prior, revenues slightly dropped by 2.0%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share. You can view the full analysis from the report here: HMY Ratings Report STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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