This slump shouldn’t be too much of a surprise to investors, as the Gold Mining company has seen 1 negative revision in the past few weeks and its current year earnings consensus hasn’t been in trend either over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
HMY currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Gold Mining industry include Agnico Eagle Mines Limited (AEM), Alamos Gold Inc. (AGI) and Lake Shore Gold Corp. (LSG). While Agnico Eagle holds a Zacks Rank #1 (Strong Buy), Alamos Gold and Lake Shore carry a Zacks Rank #2 (Buy).
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