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

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

HMY has been the subject of several other reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Thursday, January 22nd. Zacks Research cut shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Harmony Gold Mining has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Harmony Gold Mining Trading Down 5.5%

Harmony Gold Mining stock opened at $15.10 on Friday. Harmony Gold Mining has a 12-month low of $11.98 and a 12-month high of $26.06. The firm’s fifty day moving average is $21.13 and its 200 day moving average is $18.98. 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

Several institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its stake in shares of Harmony Gold Mining by 210.4% in the first quarter. Jones Financial Companies Lllp now owns 18,165 shares of the mining company’s stock valued at $268,000 after buying an additional 12,312 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Harmony Gold Mining by 215.7% during the first quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock worth $82,289,000 after acquiring an additional 3,806,468 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Harmony Gold Mining by 15.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 184,507 shares of the mining company’s stock worth $2,578,000 after acquiring an additional 24,779 shares during the last quarter. Savant Capital LLC raised its holdings in shares of Harmony Gold Mining by 57.2% in the 2nd quarter. Savant Capital LLC now owns 16,917 shares of the mining company’s stock worth $236,000 after acquiring an additional 6,158 shares during the last quarter. Finally, Vise Technologies Inc. bought a new position in Harmony Gold Mining in the 2nd quarter valued at about $297,000. Institutional investors and hedge funds 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.