StockNews.com Begins Coverage on Harmony Gold Mining (NYSE:HMY)

Equities researchers at StockNews.com initiated coverage on shares of Harmony Gold Mining (NYSE:HMY – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the mining company’s stock.

Separately, HSBC cut shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a research note on Monday, January 30th.

Harmony Gold Mining Stock Up 0.8 %

NYSE:HMY opened at $3.61 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 0.22. Harmony Gold Mining has a fifty-two week low of $1.93 and a fifty-two week high of $5.40. The firm’s fifty day simple moving average is $3.47 and its 200-day simple moving average is $3.13.

Institutional Investors Weigh In On Harmony Gold Mining

Several institutional investors and hedge funds have recently made changes to their positions in the business. Exor Capital LLP boosted its position in shares of Harmony Gold Mining by 11.5% in the 4th quarter. Exor Capital LLP now owns 29,744,388 shares of the mining company’s stock worth $119,549,000 after buying an additional 3,079,485 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Harmony Gold Mining by 480.3% in the 4th quarter. Squarepoint Ops LLC now owns 140,149 shares of the mining company’s stock valued at $477,000 after purchasing an additional 115,997 shares in the last quarter. Susquehanna International Group Ltd. purchased a new position in Harmony Gold Mining in the 4th quarter valued at about $161,000. Susquehanna International Securities Ltd. purchased a new position in Harmony Gold Mining in the 4th quarter valued at about $324,000. Finally, Morgan Stanley lifted its holdings in Harmony Gold Mining by 9.1% in the 4th quarter. Morgan Stanley now owns 1,695,009 shares of the mining company’s stock valued at $5,763,000 after purchasing an additional 141,051 shares in the last quarter. 36.50% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Company Profile

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Harmony Gold Mining Co Ltd. engages in mining and exploration of gold. It involves building mines, open-pit operation, sales and financial management, land rehabilitation and mine closure. It operates through the following segments: Tshepong Operations, Moab Khotsong, Mponeng, Bambanani, Doornkop, Joel, Target 1, Kusasalethu, Masimong, South African Surface Operations, Mine Waste Solutions, Kalgold, and Hidden Valley.