Harmony Gold (HMY) Stock Falls on Lower Gold Prices

Gold prices are down this morning on a stronger dollar, and Harmony Gold (HMY) stock is falling as well.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Harmony Gold  (HMY) - Get Report  are down 5.33% to $4.26 this morning as gold prices slide.

Gold for August delivery is down 1.15% to $1,317 per ounce on the COMEX.

The commodity metal is dropping today on a stronger U.S. dollar. Analysts expect the U.S. government to increase interest rates by the end of the year, possibly as early as September, the Wall Street Journal reports.

Higher interest rates often spell a downturn for gold, as investors shy from metals that don't offer a yield.

Harmony Gold is a South African gold mining and exploration company.

Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C-.

The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and good cash flow from operations. However, TheStreet Ratings also finds weaknesses including disappointing return on equity and poor profit margins.

You can view the full analysis from the report here: HMY

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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