Harmony Gold Mining Co. (HMY) Trading 10.2% Higher
Harmony Gold Mining Co. (NYSE:HMY)’s share price traded up 10.2% during mid-day trading on Thursday . The company traded as high as $3.91 and last traded at $3.89, with a volume of 4,516,997 shares changing hands. The stock had previously closed at $3.53.
A number of equities analysts recently issued reports on the stock. Citigroup Inc. reiterated a “sell” rating on shares of Harmony Gold Mining in a research report on Thursday, August 18th. Zacks Investment Research upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Monday, July 18th. TheStreet upgraded shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. JPMorgan Chase & Co. upgraded shares of Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 12th. Finally, Deutsche Bank AG upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Harmony Gold Mining currently has a consensus rating of “Hold” and a consensus target price of $5.00.
The stock has a market capitalization of $1.69 billion and a P/E ratio of 24.34. The company’s 50 day moving average price is $4.31 and its 200-day moving average price is $3.69.
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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