Harmony Gold Mining Co. (HMY) Shares Up 5.7%
Shares of Harmony Gold Mining Co. (NYSE:HMY) shot up 5.7% during mid-day trading on Wednesday . The company traded as high as $4.48 and last traded at $4.47, with a volume of 3,409,633 shares. The stock had previously closed at $4.23.
A number of research firms recently issued reports on HMY. Zacks Investment Research raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Monday, July 18th. TheStreet raised shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. JPMorgan Chase & Co. raised shares of Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 12th. Deutsche Bank AG raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, July 6th. Finally, Macquarie raised shares of Harmony Gold Mining from an “underperform” rating to a “neutral” rating in a research report on Friday, July 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Harmony Gold Mining has an average rating of “Buy” and a consensus target price of $5.00.
The stock’s 50 day moving average is $3.94 and its 200 day moving average is $3.28. The stock’s market capitalization is $1.95 billion.
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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