Harmony Gold Mining Co. (HMY) Sets New 1-Year High at $4.77
Harmony Gold Mining Co. (NYSE:HMY)’s share price hit a new 52-week high on Monday . The stock traded as high as $4.77 and last traded at $4.75, with a volume of 3,781,495 shares changing hands. The stock had previously closed at $4.57.
Several brokerages have recently weighed in on HMY. Zacks Investment Research upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a report on Thursday, May 5th. TheStreet upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. Deutsche Bank AG upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Wednesday, July 6th. Finally, JPMorgan Chase & Co. upgraded Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $5.00.
The stock’s market capitalization is $2.07 billion. The stock’s 50 day moving average is $4.05 and its 200 day moving average is $3.39.
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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