Harmony Gold Mining Company Limited (NYSE:HMY) Receives $16.00 Average Price Target from Analysts

Harmony Gold Mining Company Limited (NYSE:HMY) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.00.

A number of research firms have recently commented on HMY. Zacks Research downgraded Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a research report on Thursday, January 22nd. Finally, Wall Street Zen lowered Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

Harmony Gold Mining Trading Up 1.1%

NYSE:HMY opened at $15.29 on Friday. The firm’s 50 day moving average is $21.03 and its two-hundred day moving average is $19.06. Harmony Gold Mining has a fifty-two week low of $11.98 and a fifty-two week high of $26.06. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.03.

Institutional Trading of Harmony Gold Mining

A number of institutional investors and hedge funds have recently bought and sold shares of HMY. AQR Capital Management LLC lifted its position in Harmony Gold Mining by 48.2% during the third quarter. AQR Capital Management LLC now owns 5,871,169 shares of the mining company’s stock valued at $105,916,000 after buying an additional 1,910,028 shares in the last quarter. FIL Ltd purchased a new stake in Harmony Gold Mining during the fourth quarter worth approximately $111,182,000. Goldman Sachs Group Inc. increased its position in shares of Harmony Gold Mining by 215.7% in 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. Invesco Ltd. increased its position in shares of Harmony Gold Mining by 12,337.7% in the second quarter. Invesco Ltd. now owns 4,795,844 shares of the mining company’s stock worth $66,998,000 after acquiring an additional 4,757,285 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Harmony Gold Mining by 31.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,042,664 shares of the mining company’s stock valued at $60,549,000 after acquiring an additional 736,233 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 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.