Harmony Gold Mining Co. (HMY) Reaches New 1-Year High at $4.77
Shares of Harmony Gold Mining Co. (NYSE:HMY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $4.77 and last traded at $4.75, with a volume of 3,781,495 shares. The stock had previously closed at $4.57.
A number of brokerages have issued reports on HMY. Zacks Investment Research raised Harmony Gold Mining from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a report on Monday, July 18th. TheStreet upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. JPMorgan Chase & Co. upgraded Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 12th. Deutsche Bank AG upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, July 6th. Finally, Macquarie upgraded Harmony Gold Mining from an “underperform” rating to a “neutral” rating in a research report on Friday, July 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $5.00.
The stock’s market cap is $2.08 billion. The company has a 50 day moving average price of $3.98 and a 200-day moving average price of $3.31.
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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