Harmony Gold Mining Co. (HMY) Sees Large Volume Increase
Harmony Gold Mining Co. (NYSE:HMY) saw strong trading volume on Friday . 4,462,264 shares traded hands during mid-day trading, an increase of 10% from the previous session’s volume of 4,040,076 shares.The stock last traded at $3.95 and had previously closed at $3.93.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Harmony Gold Mining from a “sell” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Tuesday, July 12th. JPMorgan Chase & Co. upgraded Harmony Gold Mining from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 12th. TheStreet upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Citigroup Inc. restated a “sell” rating on shares of Harmony Gold Mining in a research report on Thursday, August 18th. Finally, Deutsche Bank AG upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Wednesday, July 6th. One research 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 stock currently has a consensus rating of “Hold” and a consensus target price of $5.00.
The stock’s 50 day moving average price is $4.38 and its 200 day moving average price is $3.65. The company has a market cap of $1.69 billion and a price-to-earnings ratio of 24.34.
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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