Harmony Gold Mining Co. (HMY) Trading Down 3.6%
Harmony Gold Mining Co. (NYSE:HMY) traded down 3.6% during trading on Tuesday . The stock traded as low as $3.67 and last traded at $3.70, with a volume of 1,956,530 shares. The stock had previously closed at $3.84.
A number of research firms have recently issued reports on HMY. Zacks Investment Research lowered shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Friday, July 15th. JPMorgan Chase & Co. raised shares of Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 12th. Macquarie raised shares of Harmony Gold Mining from an “underperform” rating to a “neutral” rating in a report on Friday, July 1st. TheStreet raised shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. Finally, Citigroup Inc. reaffirmed a “sell” rating on shares of Harmony Gold Mining in a report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.00.
The firm’s 50-day moving average is $4.35 and its 200 day moving average is $3.69. The stock has a market cap of $1.59 billion and a PE ratio of 22.96.
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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