Harmony Gold Mining Co. (HMY) Stock Price Down 8.1%
Harmony Gold Mining Co. (NYSE:HMY) dropped 8.1% on Wednesday . The stock traded as low as $3.94 and last traded at $3.96, with a volume of 4,724,536 shares. The stock had previously closed at $4.31.
HMY has been the topic of several recent analyst reports. Zacks Investment Research downgraded Harmony Gold Mining from a “buy” rating to a “sell” rating in a report on Tuesday, May 10th. JPMorgan Chase & Co. raised Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 12th. TheStreet raised Harmony Gold Mining from a “sell” rating to a “hold” rating in a research note on Thursday, July 14th. Deutsche Bank AG raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Wednesday, July 6th. Finally, Macquarie raised Harmony Gold Mining from an “underperform” rating to a “neutral” rating in a research note on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $5.00.
The company’s market cap is $1.80 billion. The stock’s 50 day moving average is $4.39 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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