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

by · The Cerbat Gem

Harmony Gold Mining (NYSE:HMY – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday, Wall Street Zen reports.

A number of other research analysts also recently weighed in on HMY. Weiss Ratings restated a “buy (b-)” rating on shares of Harmony Gold Mining in a research report on Friday, July 17th. Zacks Research raised shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

View Our Latest Research Report on HMY

Harmony Gold Mining Stock Performance

Shares of NYSE HMY opened at $20.28 on Friday. The firm’s 50-day moving average price is $17.84 and its 200-day moving average price is $17.31. Harmony Gold Mining has a 52-week low of $13.03 and a 52-week high of $26.06. The company has a quick ratio of 0.64, a current ratio of 0.84 and a debt-to-equity ratio of 0.03.

Hedge Funds Weigh In On Harmony Gold Mining

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barometer Capital Management Inc. lifted its position in shares of Harmony Gold Mining by 1,118.8% during the 1st quarter. Barometer Capital Management Inc. now owns 117,000 shares of the mining company’s stock valued at $1,764,000 after buying an additional 107,400 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Harmony Gold Mining during the 4th quarter valued at approximately $1,815,000. U S Global Investors Inc. grew its stake in shares of Harmony Gold Mining by 49.4% during the 1st quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company’s stock valued at $6,116,000 after acquiring an additional 131,538 shares during the period. Assetmark Inc. increased its holdings in Harmony Gold Mining by 4,535.7% in the 1st quarter. Assetmark Inc. now owns 271,653 shares of the mining company’s stock worth $4,175,000 after acquiring an additional 265,793 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Harmony Gold Mining by 75.0% in the 1st quarter. Quantinno Capital Management LP now owns 124,760 shares of the mining company’s stock worth $1,918,000 after acquiring an additional 53,466 shares in the last quarter. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

About Harmony Gold Mining

(Get Free Report)

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.

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