Harmony Gold Mining (NYSE:HMY) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Harmony Gold Mining (NYSE:HMY – Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

HMY has been the topic of several other reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Harmony Gold Mining in a research report on Wednesday, October 8th. Investec raised shares of Harmony Gold Mining to a “hold” rating in a report on Friday, October 10th. HSBC raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Thursday, October 9th. Hsbc Global Res raised shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Finally, Zacks Research lowered Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

View Our Latest Stock Report on HMY

Harmony Gold Mining Price Performance

Harmony Gold Mining stock opened at $21.80 on Friday. Harmony Gold Mining has a one year low of $9.58 and a one year high of $22.98. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average price of $19.79 and a 200-day moving average price of $17.33.

Institutional Investors Weigh In On Harmony Gold Mining

Several large investors have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in shares of Harmony Gold Mining during the fourth quarter worth $158,000. Burns Matteson Capital Management LLC raised its stake in Harmony Gold Mining by 9.1% during the 4th quarter. Burns Matteson Capital Management LLC now owns 25,019 shares of the mining company’s stock worth $498,000 after buying an additional 2,083 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Harmony Gold Mining during the 4th quarter valued at about $17,832,000. GAMMA Investing LLC lifted its stake in Harmony Gold Mining by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 11,221 shares of the mining company’s stock valued at $223,000 after buying an additional 1,182 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in Harmony Gold Mining in the 3rd quarter valued at $25,000. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Company Profile

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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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