Harmony Gold Mining Co. (HMY) Trading 2.2% Higher
Harmony Gold Mining Co. (NYSE:HMY) shares traded up 2.2% on Wednesday . The company traded as high as $4.70 and last traded at $4.65, with a volume of 3,106,766 shares changing hands. The stock had previously closed at $4.55.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Harmony Gold Mining from a “hold” rating to a “sell” rating in a report on Wednesday, May 25th. Macquarie raised Harmony Gold Mining from an “underperform” rating to a “neutral” rating in a report on Friday, July 1st. Deutsche Bank AG raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Wednesday, July 6th. TheStreet upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Finally, JPMorgan Chase & Co. upgraded Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Harmony Gold Mining has an average rating of “Buy” and an average target price of $5.00.
The company has a 50 day moving average price of $4.25 and a 200 day moving average price of $3.49. The company’s market capitalization is $2.02 billion.
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.