Harmony Gold Mining Co. (NYSE:HMY) was upgraded by equities research analysts at Deutsche Bank AG from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, The Fly reports.

Several other equities research analysts also recently weighed in on HMY. Zacks Investment Research raised Harmony Gold Mining from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a research report on Wednesday, May 3rd. ValuEngine downgraded Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised Harmony Gold Mining from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $2.50.

Harmony Gold Mining (NYSE HMY) opened at 1.78 on Friday. The stock has a market cap of $778.39 million, a PE ratio of 3.69 and a beta of -1.95. Harmony Gold Mining has a 52 week low of $1.56 and a 52 week high of $4.14. The stock has a 50 day moving average price of $1.72 and a 200 day moving average price of $2.16.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers acquired a new position in shares of Harmony Gold Mining during the second quarter worth approximately $103,000. Tower Research Capital LLC TRC increased its position in shares of Harmony Gold Mining by 5,636.3% in the first quarter. Tower Research Capital LLC TRC now owns 77,670 shares of the mining company’s stock worth $191,000 after buying an additional 76,316 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in Harmony Gold Mining during the second quarter worth approximately $128,000. Two Sigma Securities LLC increased its position in Harmony Gold Mining by 339.9% in the first quarter. Two Sigma Securities LLC now owns 79,208 shares of the mining company’s stock worth $194,000 after buying an additional 61,202 shares in the last quarter. Finally, Dynamic Capital Management Ltd purchased a new position in Harmony Gold Mining during the first quarter worth approximately $199,000. 31.83% of the stock is owned by hedge funds and other institutional investors.

About Harmony Gold Mining

Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company’s segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3.

The Fly

Analyst Recommendations for Harmony Gold Mining (NYSE:HMY)

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