Harmony Gold Mining (NYSE:HMY) Trading Down 2.7%

Harmony Gold Mining Company Limited (NYSE:HMYGet Rating)’s share price was down 2.7% on Friday . The stock traded as low as $3.23 and last traded at $3.23. Approximately 72,542 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 5,117,377 shares. The stock had previously closed at $3.32.

Several equities analysts recently issued reports on HMY shares. JPMorgan Chase & Co. dropped their target price on shares of Harmony Gold Mining from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, April 4th. StockNews.com lowered shares of Harmony Gold Mining from a “hold” rating to a “sell” rating in a report on Tuesday, May 31st. Finally, Investec upgraded shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Tuesday, March 1st. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat.com, Harmony Gold Mining presently has an average rating of “Hold” and an average price target of $4.00.

The firm’s fifty day moving average price is $3.86 and its two-hundred day moving average price is $4.09. The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in shares of Harmony Gold Mining by 6.2% in the 1st quarter. Van ECK Associates Corp now owns 55,098,526 shares of the mining company’s stock worth $277,146,000 after acquiring an additional 3,235,196 shares during the last quarter. Polunin Capital Partners Ltd acquired a new stake in shares of Harmony Gold Mining in the 1st quarter worth about $50,201,000. Wellington Management Group LLP raised its holdings in shares of Harmony Gold Mining by 1.5% in the 3rd quarter. Wellington Management Group LLP now owns 8,645,201 shares of the mining company’s stock worth $27,232,000 after acquiring an additional 124,907 shares during the last quarter. Kopernik Global Investors LLC raised its holdings in shares of Harmony Gold Mining by 5.4% in the 1st quarter. Kopernik Global Investors LLC now owns 8,259,730 shares of the mining company’s stock worth $41,546,000 after acquiring an additional 420,081 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Harmony Gold Mining by 16.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,880,911 shares of the mining company’s stock worth $39,649,000 after acquiring an additional 1,103,023 shares during the last quarter. Institutional investors own 22.65% of the company’s stock.

Harmony Gold Mining Company Profile (NYSE:HMY)

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. It also explores for uranium, silver, copper, and molybdenum deposits. The company has nine underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface treatment operations in South Africa.

Further Reading

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