Harmony Gold Mining (NYSE:HMY) Stock Rating Lowered by Wall Street Zen

Harmony Gold Mining (NYSE:HMY) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Other equities analysts have also recently issued reports about the company. Hsbc Global Res upgraded Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. BMO Capital Markets initiated coverage on Harmony Gold Mining in a report on Thursday, July 17th. They issued a “market perform” rating and a $16.00 target price on the stock. Zacks Research upgraded Harmony Gold Mining from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Wednesday, October 8th. Finally, HSBC upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.20.

Harmony Gold Mining Stock Down 0.8%

Shares of HMY opened at $16.52 on Friday. Harmony Gold Mining has a 12-month low of $7.97 and a 12-month high of $22.25. The business’s fifty day moving average is $16.84 and its 200 day moving average is $15.65. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04.

Institutional Investors Weigh In On Harmony Gold Mining

Several large investors have recently made changes to their positions in the business. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. increased its position in shares of Harmony Gold Mining by 47.1% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 74,000 shares of the mining company’s stock valued at $1,343,000 after purchasing an additional 23,700 shares during the last quarter. Rakuten Securities Inc. increased its position in shares of Harmony Gold Mining by 58.8% during the 3rd quarter. Rakuten Securities Inc. now owns 67,662 shares of the mining company’s stock valued at $1,228,000 after purchasing an additional 25,054 shares during the last quarter. Bayforest Capital Ltd increased its position in shares of Harmony Gold Mining by 973.7% during the 3rd quarter. Bayforest Capital Ltd now owns 4,778 shares of the mining company’s stock valued at $87,000 after purchasing an additional 4,333 shares during the last quarter. Ariose Capital Management Ltd purchased a new stake in shares of Harmony Gold Mining during the 3rd quarter valued at $1,182,000. Finally, Signaturefd LLC increased its position in shares of Harmony Gold Mining by 5.6% during the 3rd quarter. Signaturefd LLC now owns 16,323 shares of the mining company’s stock valued at $296,000 after purchasing an additional 867 shares during the last quarter. 31.79% of the stock is 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.