Harmony Gold Mining Co. (HMY) Shares Down 3.3%
Harmony Gold Mining Co. (NYSE:HMY)’s share price traded down 3.3% during trading on Wednesday . The company traded as low as $3.86 and last traded at $3.87, with a volume of 1,986,564 shares traded. The stock had previously closed at $4.00.
A number of equities analysts have recently commented on the company. Zacks Investment Research raised Harmony Gold Mining from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research report on Thursday, May 5th. TheStreet raised Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Deutsche Bank AG raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, July 6th. JPMorgan Chase & Co. raised Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 12th. Finally, Citigroup Inc. reissued a “sell” rating on shares of Harmony Gold Mining in a research report on Thursday, August 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Harmony Gold Mining has a consensus rating of “Hold” and a consensus target price of $5.00.
The firm has a 50 day moving average of $4.40 and a 200-day moving average of $3.65. The firm has a market capitalization of $1.62 billion and a PE ratio of 23.54.
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.