Harmony Gold Mining (HMY) Shares Gap Down to $2.12

Harmony Gold Mining Co. (NYSE:HMY) gapped down before the market opened on Tuesday . The stock had previously closed at $2.19, but opened at $2.12. Harmony Gold Mining shares last traded at $2.06, with a volume of 5079668 shares traded.

Several equities research analysts have issued reports on HMY shares. Deutsche Bank upgraded shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. ValuEngine upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, HSBC upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Harmony Gold Mining presently has a consensus rating of “Hold”.

The company has a quick ratio of 1.61, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. The firm has a market cap of $920.21, a P/E ratio of -34.33 and a beta of -1.77.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in shares of Harmony Gold Mining by 17.4% during the third quarter. Van ECK Associates Corp now owns 46,212,158 shares of the mining company’s stock worth $84,568,000 after purchasing an additional 6,850,986 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Harmony Gold Mining by 220.0% during the fourth quarter. Schroder Investment Management Group now owns 6,130,459 shares of the mining company’s stock worth $11,464,000 after purchasing an additional 4,214,759 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Harmony Gold Mining by 34.7% during the third quarter. Alps Advisors Inc. now owns 3,274,312 shares of the mining company’s stock worth $5,992,000 after purchasing an additional 843,444 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Harmony Gold Mining by 257.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,703,659 shares of the mining company’s stock worth $3,186,000 after purchasing an additional 1,227,132 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Harmony Gold Mining by 419.9% during the third quarter. Jane Street Group LLC now owns 1,612,863 shares of the mining company’s stock worth $2,952,000 after purchasing an additional 1,302,658 shares in the last quarter. 25.36% of the stock is currently owned by institutional investors and hedge funds.

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About Harmony Gold Mining

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.

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