Why Harmony Gold Mining Company Limited (HMY) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where Harmony Gold Mining Company Limited (NYSE:HMY) stands against other Friday's worst-performing stocks.
Harmony Gold saw its share prices decline by 5.27 percent on Friday to finish at $14.56 apiece as investor sentiment was dampened by the death of another mine worker—allegedly the 10th death case recorded this year alone.
The news sparked investor concerns about the company's safety regulations and strategy, especially as it aims to achieve zero harm and foster a proactive safety culture.
An open pit mine with heavy excavation machinery toiling away against the backdrop of a hidden valley.
'Harmony Gold Mining Company Limited regrets to announce a loss of life due to a fall of ground at its Joel mine in the Free State province. All relevant authorities, family members, and colleagues have been informed,' it said.
'We have been on a journey to achieve zero harm since 2016, and we continually assess the maturity of this journey to identify areas for improvement,' it added.
Harmony Gold Mining Company Limited (NYSE:HMY) said that it achieved six months of death-free shifts, showing that its strategy was correct.
'We continue to believe that zero loss of life is possible,' it noted.
Overall, HMY ranks 4th on our list of Friday's worst-performing stocks. While we acknowledge the potential of HMY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
SharkNinja, Inc. (SN) Gains As Market Dips: What You Should Know
In the latest trading session, SharkNinja, Inc. (SN) closed at $90.80, marking a +1.84% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.22%. Meanwhile, the Dow experienced a rise of 0.08%, and the technology-dominated Nasdaq saw a decrease of 0.51%. Coming into today, shares of the company had lost 6.51% in the past month. In that same time, the Retail-Wholesale sector lost 0.39%, while the S&P 500 gained 0.45%. The investment community will be closely monitoring the performance of SharkNinja, Inc. in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.78, reflecting a 9.86% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.37 billion, up 9.34% from the prior-year quarter. For the full year, the Zacks Consensus Estimates are projecting earnings of $4.99 per share and revenue of $6.24 billion, which would represent changes of +14.19% and +12.78%, respectively, from the prior year. Investors should also note any recent changes to analyst estimates for SharkNinja, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.04% lower. SharkNinja, Inc. currently has a Zacks Rank of #3 (Hold). With respect to valuation, SharkNinja, Inc. is currently being traded at a Forward P/E ratio of 17.86. This signifies a premium in comparison to the average Forward P/E of 13.26 for its industry. Meanwhile, SN's PEG ratio is currently 1.6. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Retail - Miscellaneous industry had an average PEG ratio of 2.48. The Retail - Miscellaneous industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 24% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SharkNinja, Inc. (SN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Here's Why RCM Technologies, Inc. (RCMT) Fell More Than Broader Market
In the latest trading session, RCM Technologies, Inc. (RCMT) closed at $22.14, marking a -3.86% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.22% for the day. On the other hand, the Dow registered a gain of 0.08%, and the technology-centric Nasdaq decreased by 0.51%. The stock of company has risen by 1.81% in the past month, leading the Business Services sector's loss of 4.75% and the S&P 500's gain of 0.45%. Investors will be eagerly watching for the performance of RCM Technologies, Inc. in its upcoming earnings disclosure. The company is expected to report EPS of $0.6, up 7.14% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $78.15 million, indicating a 13% growth compared to the corresponding quarter of the prior year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.19 per share and a revenue of $313.89 million, indicating changes of +7.88% and +12.76%, respectively, from the former year. Any recent changes to analyst estimates for RCM Technologies, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. RCM Technologies, Inc. presently features a Zacks Rank of #3 (Hold). Investors should also note RCM Technologies, Inc.'s current valuation metrics, including its Forward P/E ratio of 10.52. This valuation marks a discount compared to its industry average Forward P/E of 15.28. The Staffing Firms industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 209, placing it within the bottom 16% of over 250 industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RCM Technologies, Inc. (RCMT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Eaton (ETN) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, Eaton (ETN) closed at $331.23, marking a -1.08% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.22%. Elsewhere, the Dow gained 0.08%, while the tech-heavy Nasdaq lost 0.51%. The stock of power management company has risen by 4.3% in the past month, leading the Industrial Products sector's gain of 1.77% and the S&P 500's gain of 0.45%. Analysts and investors alike will be keeping a close eye on the performance of Eaton in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.93, marking a 7.33% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $6.92 billion, indicating a 8.92% upward movement from the same quarter last year. For the full year, the Zacks Consensus Estimates are projecting earnings of $12.01 per share and revenue of $27.27 billion, which would represent changes of +11.2% and +9.63%, respectively, from the prior year. Investors might also notice recent changes to analyst estimates for Eaton. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% higher. Eaton is currently sporting a Zacks Rank of #3 (Hold). Investors should also note Eaton's current valuation metrics, including its Forward P/E ratio of 27.89. Its industry sports an average Forward P/E of 21.77, so one might conclude that Eaton is trading at a premium comparatively. Meanwhile, ETN's PEG ratio is currently 2.6. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Manufacturing - Electronics industry held an average PEG ratio of 1.82. The Manufacturing - Electronics industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 30, positioning it in the top 13% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
