Shares of Harmony Gold Mining Co. (NYSE:HMY) gapped down prior to trading on Tuesday . The stock had previously closed at $1.65, but opened at $1.61. Harmony Gold Mining shares last traded at $1.55, with a volume of 4235387 shares changing hands.
A number of brokerages have issued reports on HMY. ValuEngine lowered Harmony Gold Mining from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Zacks Investment Research raised Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Thursday, May 31st. Finally, Deutsche Bank lowered Harmony Gold Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $2.50.
The stock has a market cap of $711.57 million, a PE ratio of 7.38 and a beta of -1.90. 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 institutional investors have recently bought and sold shares of HMY. First Allied Advisory Services Inc. purchased a new stake in shares of Harmony Gold Mining during the first quarter worth $102,000. Bank of New York Mellon Corp increased its position in shares of Harmony Gold Mining by 193.8% during the fourth quarter. Bank of New York Mellon Corp now owns 57,672 shares of the mining company’s stock worth $107,000 after acquiring an additional 38,041 shares during the period. CIBC World Markets Inc. purchased a new stake in shares of Harmony Gold Mining during the first quarter worth $111,000. ClariVest Asset Management LLC purchased a new stake in shares of Harmony Gold Mining during the first quarter worth $179,000. Finally, Atria Investments LLC increased its position in shares of Harmony Gold Mining by 58.9% during the first quarter. Atria Investments LLC now owns 93,952 shares of the mining company’s stock worth $225,000 after acquiring an additional 34,807 shares during the period. 30.22% of the stock is currently owned by institutional investors and hedge funds.
Harmony Gold Mining Company Profile
Harmony Gold Mining Company Limited engages in the exploration and mining of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various other surface operations in South Africa. The company owns interests in the Hidden Valley, an open-pit gold and silver mine; the Wafi Golpu project in Morobe province; and the Kili Teke gold-copper exploration project in Papua New Guinea.
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