Harmony Gold Mining (NYSE:HMY) was upgraded by investment analysts at HSBC from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.
A number of other equities research analysts also recently commented on HMY. Zacks Investment Research upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. ValuEngine upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Bank of America downgraded Harmony Gold Mining from a “buy” rating to a “neutral” rating in a research report on Friday, October 20th. Finally, Deutsche Bank upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Harmony Gold Mining presently has a consensus rating of “Hold”.
Harmony Gold Mining (NYSE:HMY) traded up $0.18 during trading hours on Wednesday, reaching $2.04. The company’s stock had a trading volume of 5,905,943 shares, compared to its average volume of 4,623,679. Harmony Gold Mining has a 12 month low of $1.56 and a 12 month high of $2.99. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02.
Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new stake in shares of Harmony Gold Mining in the 2nd quarter valued at $128,000. Wells Fargo & Company MN raised its holdings in shares of Harmony Gold Mining by 39.8% in the 2nd quarter. Wells Fargo & Company MN now owns 520,689 shares of the mining company’s stock valued at $859,000 after buying an additional 148,294 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Harmony Gold Mining in the 2nd quarter valued at $245,000. Cetera Investment Advisers purchased a new stake in shares of Harmony Gold Mining in the 2nd quarter valued at $103,000. Finally, First Trust Advisors LP raised its holdings in shares of Harmony Gold Mining by 111.4% in the 3rd quarter. First Trust Advisors LP now owns 87,826 shares of the mining company’s stock valued at $161,000 after buying an additional 46,272 shares during the period. Institutional investors own 24.21% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Harmony Gold Mining (HMY) Upgraded to Buy at HSBC” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/14/harmony-gold-mining-hmy-upgraded-to-buy-at-hsbc.html.
Harmony Gold Mining Company Profile
Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company’s segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3.
Receive News & Ratings for Harmony Gold Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harmony Gold Mining and related companies with MarketBeat.com's FREE daily email newsletter.