Harmony Gold Mining Co. (HMY) Sees Large Volume Increase
Shares of Harmony Gold Mining Co. (NYSE:HMY) saw unusually-high trading volume on Friday . Approximately 4,462,264 shares traded hands during trading, an increase of 10% from the previous session’s volume of 4,040,076 shares.The stock last traded at $3.95 and had previously closed at $3.93.
HMY has been the subject of a number of recent analyst reports. Zacks Investment Research raised Harmony Gold Mining from a “sell” rating to a “buy” rating and set a $3.25 target price for the company in a research report on Tuesday, May 31st. Deutsche Bank AG raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, July 6th. Citigroup Inc. reaffirmed a “sell” rating on shares of Harmony Gold Mining in a research report on Thursday, August 18th. TheStreet raised Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Finally, Macquarie raised Harmony Gold Mining from an “underperform” rating to a “neutral” rating in a research report on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given 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 firm has a market capitalization of $1.69 billion and a P/E ratio of 24.34. The firm’s 50 day moving average is $4.37 and its 200-day moving average is $3.66.
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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