Harmony Gold Mining Co. (HMY) Shares Down 3.3%
Harmony Gold Mining Co. (NYSE:HMY) traded down 3.3% during mid-day trading on Wednesday . The stock traded as low as $3.86 and last traded at $3.87, with a volume of 1,986,564 shares trading hands. The stock had previously closed at $4.00.
Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. JPMorgan Chase & Co. upgraded Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 12th. Macquarie upgraded Harmony Gold Mining from an “underperform” rating to a “neutral” rating in a research note on Friday, July 1st. TheStreet upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a research note on Thursday, July 14th. Finally, Citigroup Inc. reiterated a “sell” rating on shares of Harmony Gold Mining in a research note on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.00.
The stock has a market capitalization of $1.71 billion and a price-to-earnings ratio of 24.72. The company’s 50-day moving average is $4.38 and its 200 day moving average is $3.65.
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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