Harmony Gold Mining Co. (NYSE:HMY) shares fell 8.1% during mid-day trading on Wednesday . The company traded as low as $3.94 and last traded at $3.96, with a volume of 4,724,536 shares traded. The stock had previously closed at $4.31.

A number of research firms recently issued reports on HMY. Zacks Investment Research upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Thursday, May 5th. TheStreet raised Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Deutsche Bank AG raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. raised Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $5.00.

The company’s market capitalization is $1.78 billion. The company’s 50-day moving average is $4.36 and its 200 day moving average is $3.58.

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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