Changes in Signals Identified: Banco Bradesco S.A. (BBD), Harmony Gold Mining Company Limited (HMY)

You should consider shares of Banco Bradesco S.A. (NYSE:BBD) and Harmony Gold Mining Company Limited (NYSE:HMY) if you are looking for a great stocks to invest in. Starting with the BBD shares, which traded at $8.00 at the close of the recent session, gaining 0.69%. On Tuesday, the company’s shares shed $0.05 from its value which represented in intraday trading. The stock is now 2.67% higher in year-to-date (YTD) trading. BBD’s intraday high was $8.04 while its lowest price touched $7.94. The stock’s 52-week high price is $10.20, which means the current price is at -21.56%. In terms of trading activity, the daily trading volume fell to 8650388 against 200-day average trading volume of 13,787,427 shares.

What are analyst forecasts for Banco Bradesco S.A. (NYSE:BBD)?

At a consensus rating of 4.33, BBD is trending as a streaking Moderate Buy, as it has been the case a month ago when 3 analysts called it a Moderate Buy. Two months ago, 3 analysts recommended, on average, that BBD stock is a Moderate Buy. The Financial company’s shares’ overall bullish trend saw it close lower on Tuesday compared to its opening price of $8.01 on the day.

Forecasts for Banco Bradesco S.A. (NYSE:BBD) give the stock a fair value for the growth of 27.01% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $10.96, which means the price per share could rise by nearly $2.96. The price range target is between a low of $8.15 and a high of $13.50. The stock would need to gain by about $40.74 to hit the estimated high or 0.91% from its 12-month low.

The consensus among 12 analysts is that it is a good time for one to Overweight in the Banco Bradesco S.A. 9 analysts rate BBD as a Buy, with 1 of 12 analysts rate it as a Sell. 0 have valued the stock as Overweight and 2 have recommended that investors Hold.

Banco Bradesco S.A. (NYSE:BBD) Upgrades and Downgrades

In terms of rating changes, Morgan Stanley on August 07, 2019, Upgrade Banco Bradesco S.A. (BBD) at Overweight. Analysts at Goldman have assigned a Sell rating for the stock in their research note on June 10, 2019. Moreover, JP Morgan analysts issued a rating of Overweight for the stock on January 22, 2018. On September 11, 2017, the stock earned a Buy rating due to an analyst call from Goldman, while analysts from Citigroup on November 30, 2016 suggested that the stock is Buy.

Harmony Gold Mining Company Limited (NYSE:HMY) adds $0.32 on Tuesday

The HMY stock has risen 83.24% year-to-date and is currently trading at $3.28, which is -14.92% below its 52-week high. The company shares gained 10.81% on the day and have risen nearly 123.89% off a low hit. At current levels, Harmony Gold Mining Company Limited has a valuation of about $1.83B. As of 12/03/19, this stock has risen 7.54% during the week and closed at $2.96 in the previous session. However, recent Harmony Gold Mining Company Limited stock performance shows that HMY shares are -6.29% down over the last month, and -13.68% down for the last three months.

Who owns shares in Harmony Gold Mining Company Limited (HMY)?

Let’s briefly focus on the share ownership of the Harmony Gold Mining Company Limited (NYSE:HMY) stock, where we find that 28.25% of shares are held by institutions. Van Eck Associates Corporation tops the list of institutional owners as it is holding 64.59 million shares or 28.52% of shares outstanding. Renaissance Technologies, LLC and Exor Investments (UK) LLP held 14.99 million and 12.53 million representing 6.62% and 5.53% respectively at the close of the last trading session. As of Sep 29, 2019, Wellington Management Company, LLP accounted for 9.92 million shares at over 28.19 million. This represented 4.38% of shares outstanding. Dimensional Fund Advisors LP held 8.25 million shares at over 23.42 million representing 3.64% of shares outstanding.