StockNews.com Downgrades Harmony Gold Mining (NYSE:HMY) to Buy

Harmony Gold Mining (NYSE:HMY) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

Harmony Gold Mining Trading Down 1.4 %

Shares of NYSE HMY opened at $9.11 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08. Harmony Gold Mining has a twelve month low of $3.41 and a twelve month high of $9.80. The stock has a 50 day moving average of $7.09 and a two-hundred day moving average of $6.00.

Institutional Investors Weigh In On Harmony Gold Mining

Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. acquired a new stake in shares of Harmony Gold Mining during the first quarter valued at $182,000. JPMorgan Chase & Co. boosted its stake in shares of Harmony Gold Mining by 3.6% during the first quarter. JPMorgan Chase & Co. now owns 655,791 shares of the mining company’s stock valued at $3,299,000 after acquiring an additional 22,584 shares during the last quarter. Raymond James & Associates acquired a new stake in shares of Harmony Gold Mining during the first quarter valued at $156,000. Bank of New York Mellon Corp acquired a new stake in shares of Harmony Gold Mining during the first quarter valued at $67,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Harmony Gold Mining during the first quarter valued at $71,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Company Profile

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.