Harmony Gold Mining Company Limited (HMY) Struggles Amid Market Gains

Reported 2 days ago

On Wednesday, Harmony Gold Mining Company Limited (NYSE:HMY) saw its stock price fall by 5.76% to $16.03, amidst broader market gains led by major indices like the Nasdaq and S&P 500. Concerns over gold prices contributed to this decline as spot prices dropped by 2.73%. Despite an increased price target and reported growth in net income earlier this year, HMY ranked as the ninth worst-performing stock for the day, reinforcing investor sentiment that other sectors, particularly AI stocks, may offer better returns.

Source: YAHOO

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