Harmony Gold Mining Company Limited ADR HMY
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South African gold miners enjoy another strong performance, aided by rising gold prices and fresh lows in the rand; the rand-price of gold is up almost 10% in the last two weeks. Harmony Gold ...
… rising gold prices and fresh lows in the rand; the rand-price of gold is up almost 10% in the last two weeks. Harmony Gold ( HMY +9.9% ) and Sibanye Gold ( SBGL +5.9% ), which own primarily South African assets, are surging; shares with more international …
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Gold's sharp rise today can be attributed to the dollar's drop vs. the yen; when the dollar drops, gold should rise, as their correlation during the past 24 days has hit -86%. A stock sector that's ...
… 86%. A stock sector that's standing out is emerging market gold miners: South Africa’s Sibanye ( SBGL ), Harmony ( HMY ) and AngloGold ( AU ), plus Peru's Buenaventura ( BVN ) are stronger, even as their corresponding country ETFs ( EZA ; EPU …
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South Africa's rand falls to its lowest level in four years as clashes between mine owners and workers erupt again today. Government "heavy-handedness" with mining companies has created a "major ...
… major negative " for investors both inside and outside mining, as it reduces companies’ abilities to set their balance sheets and control their own destinies, Greenbriar Partners says. AU -3.3% , GFI -3% , HMY -2.6% . 1 comment!
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As precious metals prices turn around, share prices of gold ([[GDX]] +4.7%) and silver miners ([[SIL]] +3.1%) surge: [[ABX]] +5.9%, [[GG]] +4.5%, [[KGC]] +6.4%, [[NEM]] +4.7%, [[SLW]] +4%. Even South ...
… 4.5% , KGC +6.4% , NEM +4.7% , SLW +4% . Even South African producers turn mixed, despite the call from the country's mine workers union for big pay increases : AU -0.8% , GFI +1.5% , HMY -0.5% . Post your comment!
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Shares of South African miners sink as the country's mine workers union calls for a 60% pay increase on gold and coal producers. The union says it is seeking an entry-level minimum monthly wage of 7K ...
… level minimum monthly wage of 7K rand ($750) for surface workers and 8K rand for underground workers vs. respective current minimum wages of 4.7K and 5K rand. AU -3.7% , GFI -3.4% , HMY -1.9% premarket. Post your comment!
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Gold miners ([[GDX]] -3.2%) take another beating as gold continues to lose its allure amid disclosures of reduced bets by hedge funds, a World Gold Council report showing gold demand at a three-year ...
… lower production, higher costs and falling prices. At least nine miners hit 52-week lows: NEM -3% , GG -2.7% , AUY -4.8% , HMY -6.3% , AU -2.5% , BVN -1.1% , ANV -7.4% , NG -2.7% , GSS -5.8% . 2 comments!
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The plunge in gold prices significantly raises the stakes in talks between South Africa's gold mine operators and mine workers, set to kick off Friday when the country's mineworkers union will ...
… mineworkers union will propose a double-digit pay raise. South African producers including Gold Fields ( GFI ), Harmony Gold ( HMY ) and AngloGold ( AU ) have already warned that cuts and a slowdown in exploration are on the way. Post your comment!
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Harmony Gold Mining: Is It Time For Gold Bulls To Catch This Falling Knife?
… there are profitable gold mining companies that have yet to see any meaningful price appreciation. Harmony Gold Mining Co. ( HMY ) is one such company. As gold prices crashed in April, 2013, Harmony Gold shares traded as low as $4.31 each on May 3rd …
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Premarket gainers: [[PKT]] +32%. [[YRCW]] +27%. [[INVN]] +18%. [[YY]] +8%. [[DDD]] +5%.Losers: [[VCRA]] -35%. [[ZAGG]] -24%. [[GUID]] -23%. [[CHE]] -16%. [[ARNA]] -13%. [[CETV]] -13%. [[ HMY ]] -9%. ...
Premarket gainers: PKT +32% . YRCW +27% . INVN +18% . YY +8% . DDD +5% . [[]] +% . Losers: VCRA -35% . ZAGG -24% . GUID -23% . CHE -16% . ARNA -13% . CETV -13% . HMY -9% . LNKD -9% . AGNC -6% . RBS -6% . Post your comment!
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Gold miners (GDX) have been smacked by plunging gold prices, but Citigroup and HSBC think they have further to fall. Citi worries about AngloGold (AU) because negative free cash flow would hit its ...
… about AngloGold ( AU ) because negative free cash flow would hit its "already stretched balance sheet," but Harmony Gold ( HMY ) has the balance sheet to weather similar problems; Gold Fields ( GFI ) is its sector favorite. HSBC cuts GFI, Agnico Eagle …