Shares of Harmony Gold Mining Co. (NYSE:HMY) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company.
A number of research analysts have weighed in on the stock. Deutsche Bank raised shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research raised shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. HSBC raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Finally, ValuEngine raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
Harmony Gold Mining (HMY) traded down $0.09 on Friday, reaching $2.20. 10,554,795 shares of the company’s stock were exchanged, compared to its average volume of 5,707,736. Harmony Gold Mining has a one year low of $1.56 and a one year high of $2.78. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.61.
Several large investors have recently made changes to their positions in HMY. Wells Fargo & Company MN lifted its stake 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 worth $859,000 after acquiring an additional 148,294 shares during the period. First Trust Advisors LP lifted its stake in shares of Harmony Gold Mining by 111.4% in the third quarter. First Trust Advisors LP now owns 87,826 shares of the mining company’s stock valued at $161,000 after purchasing an additional 46,272 shares during the period. SignalPoint Asset Management LLC purchased a new position in Harmony Gold Mining during the 3rd quarter valued at about $151,000. Alps Advisors Inc. increased its holdings in Harmony Gold Mining by 34.7% during the 3rd quarter. Alps Advisors Inc. now owns 3,274,312 shares of the mining company’s stock valued at $5,992,000 after acquiring an additional 843,444 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Harmony Gold Mining by 84.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 61,810 shares of the mining company’s stock valued at $113,000 after acquiring an additional 28,381 shares in the last quarter. 25.24% of the stock is currently owned by institutional investors.
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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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