Harmony Gold Mining (NYSE:HMY) Downgraded by Wall Street Zen to “Buy”

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

Other equities analysts have also recently issued research reports about the stock. HSBC upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Thursday, October 9th. Zacks Research downgraded Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Hsbc Global Res raised Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Wednesday, October 8th. Finally, Investec raised Harmony Gold Mining to a “hold” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Harmony Gold Mining has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Harmony Gold Mining Stock Up 2.0%

Shares of NYSE HMY opened at $20.70 on Friday. Harmony Gold Mining has a one year low of $7.97 and a one year high of $22.25. The firm’s 50 day simple moving average is $18.40 and its two-hundred day simple moving average is $16.32. 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 Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jump Financial LLC lifted its position in Harmony Gold Mining by 2,655.3% during the 1st quarter. Jump Financial LLC now owns 585,608 shares of the mining company’s stock valued at $8,649,000 after acquiring an additional 564,354 shares during the period. Walleye Capital LLC increased its stake in shares of Harmony Gold Mining by 103.6% during the first quarter. Walleye Capital LLC now owns 244,232 shares of the mining company’s stock valued at $3,607,000 after purchasing an additional 124,287 shares in the last quarter. U S Global Investors Inc. lifted its holdings in shares of Harmony Gold Mining by 105.3% during the second quarter. U S Global Investors Inc. now owns 307,960 shares of the mining company’s stock valued at $4,302,000 after purchasing an additional 157,960 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Harmony Gold Mining by 4,004.0% during the first quarter. Acadian Asset Management LLC now owns 2,460,852 shares of the mining company’s stock valued at $36,333,000 after purchasing an additional 2,400,889 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Harmony Gold Mining in the 2nd quarter worth approximately $3,609,000. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.