Harmony Gold Mining Co. (HMY) Trading Up 6.5%
Harmony Gold Mining Co. (NYSE:HMY) shares were up 6.5% during trading on Thursday . The company traded as high as $4.01 and last traded at $3.96, with a volume of 2,725,510 shares traded. The stock had previously closed at $3.72.
A number of research analysts have recently commented on HMY shares. Macquarie raised shares of Harmony Gold Mining from an “underperform” rating to a “neutral” rating in a research report on Friday, July 1st. Zacks Investment Research cut shares of Harmony Gold Mining from a “buy” rating to a “sell” rating in a report on Wednesday, June 29th. Citigroup Inc. reaffirmed a “sell” rating on shares of Harmony Gold Mining in a report on Thursday, August 18th. JPMorgan Chase & Co. raised shares of Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 12th. Finally, Deutsche Bank AG raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Wednesday, July 6th. One equities research 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 stock has an average rating of “Hold” and an average price target of $5.00.
The firm has a 50 day moving average price of $4.37 and a 200 day moving average price of $3.66. The firm has a market cap of $1.69 billion and a P/E ratio of 24.34.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.