Harmony Gold Mining (NYSE:HMY) Stock Price Down 2.7%

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) traded down 2.7% during trading on Friday . The company traded as low as $10.10 and last traded at $10.10. 561,472 shares changed hands during trading, a decline of 89% from the average session volume of 4,962,952 shares. The stock had previously closed at $10.38.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target on Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating for the company in a report on Wednesday, July 3rd.

Harmony Gold Mining Price Performance

The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 6.45 and a beta of 1.69. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $9.67 and its 200 day moving average is $8.71.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in shares of Harmony Gold Mining by 32.8% in the 2nd quarter. Cetera Investment Advisers now owns 340,954 shares of the mining company’s stock valued at $3,127,000 after acquiring an additional 84,258 shares during the period. Wallace Advisory Group LLC acquired a new position in Harmony Gold Mining in the second quarter valued at $94,000. Creative Planning raised its holdings in shares of Harmony Gold Mining by 20.6% in the second quarter. Creative Planning now owns 57,625 shares of the mining company’s stock valued at $528,000 after buying an additional 9,859 shares during the last quarter. Employees Retirement System of Texas purchased a new position in shares of Harmony Gold Mining during the second quarter worth about $295,000. Finally, AQR Capital Management LLC increased its position in Harmony Gold Mining by 63.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,567,543 shares of the mining company’s stock valued at $14,374,000 after acquiring an additional 609,971 shares during the period. Institutional investors and hedge funds own 31.79% of the company’s stock.

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.