Harmony Gold Mining Company Limited (NYSE:HMY) Short Interest Update

Harmony Gold Mining Company Limited (NYSE:HMY) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 5,953,883 shares, a decrease of 16.9% from the December 15th total of 7,160,668 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 3,836,422 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily volume of 3,836,422 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Harmony Gold Mining

A number of large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in Harmony Gold Mining during the 3rd quarter valued at $25,000. Colonial Trust Advisors purchased a new stake in Harmony Gold Mining during the second quarter valued at $26,000. Assetmark Inc. increased its position in Harmony Gold Mining by 907.5% during the third quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock valued at $32,000 after acquiring an additional 1,579 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Harmony Gold Mining by 181.8% in the third quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company’s stock valued at $50,000 after acquiring an additional 1,789 shares during the period. Finally, First Horizon Advisors Inc. purchased a new position in Harmony Gold Mining in the second quarter worth about $55,000. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Performance

Shares of NYSE:HMY opened at $21.80 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41. The business has a 50-day simple moving average of $19.70 and a two-hundred day simple moving average of $17.28. Harmony Gold Mining has a fifty-two week low of $9.58 and a fifty-two week high of $22.98.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HMY. Wall Street Zen upgraded shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday. HSBC upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Wednesday, October 8th. Zacks Research lowered Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Finally, Hsbc Global Res upgraded shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $16.00.

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.