Harmony Gold Mining Co. (HMY) Shares Down 1.1%
Harmony Gold Mining Co. (NYSE:HMY)’s share price dropped 1.1% during trading on Monday . The company traded as low as $4.42 and last traded at $4.46, with a volume of 2,634,166 shares. The stock had previously closed at $4.51.
HMY has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Harmony Gold Mining from a “sell” rating to a “buy” rating and set a $3.25 price objective on the stock in a report on Tuesday, May 31st. Deutsche Bank AG upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, July 6th. TheStreet upgraded shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a research note on Thursday. Macquarie upgraded shares of Harmony Gold Mining from an “underperform” rating to a “neutral” rating in a research note on Friday, July 1st. Finally, JPMorgan Chase & Co. upgraded shares of Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Harmony Gold Mining has a consensus rating of “Buy” and an average price target of $5.00.
The company’s market cap is $1.95 billion. The stock’s 50 day moving average price is $3.76 and its 200 day moving average price is $3.16.
Harmony Gold Mining Company Limited is a gold-mining and exploration company. The Company has operations in South Africa and Papua New Guinea. In South Africa, the Company’s operations are focused on the Witwatersrand Basin and the Kraaipan Greenstone Belt. The Company operates nine underground mines, one open-pit mine and several surface operations.
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