Harmony Gold Mining (NYSE:HMY – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.
Several other equities research analysts have also recently commented on the company. Morgan Stanley cut Harmony Gold Mining from an “equal weight” rating to an “underweight” rating in a report on Wednesday, October 18th. HSBC raised Harmony Gold Mining from a “reduce” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. cut Harmony Gold Mining from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.40.
Harmony Gold Mining Stock Down 1.5 %
NYSE:HMY traded down $0.09 during midday trading on Friday, hitting $5.88. 3,195,682 shares of the stock were exchanged, compared to its average volume of 3,704,620. Harmony Gold Mining has a one year low of $2.92 and a one year high of $6.58. The business has a 50-day moving average price of $5.66 and a two-hundred day moving average price of $4.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.26 and a quick ratio of 0.79.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of HMY. Van ECK Associates Corp grew its position in Harmony Gold Mining by 0.6% during the 3rd quarter. Van ECK Associates Corp now owns 53,554,327 shares of the mining company’s stock worth $201,365,000 after purchasing an additional 301,330 shares in the last quarter. Exor Capital LLP lifted its position in Harmony Gold Mining by 11.5% during the 4th quarter. Exor Capital LLP now owns 29,744,388 shares of the mining company’s stock worth $119,549,000 after acquiring an additional 3,079,485 shares during the last quarter. Polunin Capital Partners Ltd raised its position in shares of Harmony Gold Mining by 0.9% during the second quarter. Polunin Capital Partners Ltd now owns 10,533,184 shares of the mining company’s stock valued at $44,239,000 after buying an additional 89,258 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Harmony Gold Mining by 16.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,880,911 shares of the mining company’s stock valued at $39,649,000 after buying an additional 1,103,023 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Harmony Gold Mining by 3.5% during the first quarter. BlackRock Inc. now owns 6,799,743 shares of the mining company’s stock valued at $27,879,000 after buying an additional 227,570 shares during the last quarter. Institutional investors own 28.33% of the company’s stock.
About Harmony Gold Mining
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.