Harmony Gold Mining Co. (HMY) Trading 6.5% Higher
Harmony Gold Mining Co. (NYSE:HMY) traded up 6.5% on Thursday . The company traded as high as $4.01 and last traded at $3.96, with a volume of 2,725,510 shares. The stock had previously closed at $3.72.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. JPMorgan Chase & Co. upgraded Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 12th. Macquarie upgraded Harmony Gold Mining from an “underperform” rating to a “neutral” rating in a research report on Friday, July 1st. TheStreet upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Finally, Citigroup Inc. restated 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 assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.00.
The company has a 50 day moving average price of $4.39 and a 200 day moving average price of $3.65. The company has a market capitalization of $1.71 billion and a price-to-earnings ratio of 24.59.
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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