Harmony Gold Mining Co. (HMY) Trading Down 3.6%
Harmony Gold Mining Co. (NYSE:HMY) dropped 3.6% on Tuesday . The company traded as low as $3.67 and last traded at $3.70, with a volume of 1,956,530 shares trading hands. The stock had previously closed at $3.84.
HMY has been the subject of a number of recent analyst reports. Macquarie raised shares of Harmony Gold Mining from an “underperform” rating to a “neutral” rating in a report on Friday, July 1st. Zacks Investment Research lowered shares of Harmony Gold Mining from a “buy” rating to a “sell” rating in a report on Wednesday, June 29th. Citigroup Inc. reissued 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 investment 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. Harmony Gold Mining currently has a consensus rating of “Hold” and an average price target of $5.00.
The company’s 50-day moving average is $4.31 and its 200-day moving average is $3.69. The firm has a market capitalization of $1.59 billion and a price-to-earnings 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.