Harmony Gold Mining Company Limited (NYSE:HMY) rose 6.9% during trading on Tuesday . The stock traded as high as $2.19 and last traded at $2.17. Approximately 5,495,956 shares traded hands during mid-day trading, an increase of 46% from the average daily volume of 3,755,490 shares. The stock had previously closed at $2.03.

HMY has been the subject of several analyst reports. Zacks Investment Research lowered shares of Harmony Gold Mining Company Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. ValuEngine lowered shares of Harmony Gold Mining Company Limited from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Harmony Gold Mining Company Limited from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Deutsche Bank AG upgraded shares of Harmony Gold Mining Company Limited from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Four equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Harmony Gold Mining Company Limited has an average rating of “Hold” and an average target price of $2.50.

The stock has a 50 day moving average of $1.80 and a 200 day moving average of $2.09. The company has a market capitalization of $951.98 million, a P/E ratio of 36.78 and a beta of -1.94.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers purchased a new position in shares of Harmony Gold Mining Company Limited during the second quarter valued at approximately $103,000. JPMorgan Chase & Co. purchased a new stake in Harmony Gold Mining Company Limited during the second quarter valued at approximately $128,000. Aperio Group LLC increased its holdings in Harmony Gold Mining Company Limited by 31.6% during the second quarter. Aperio Group LLC now owns 109,705 shares of the mining company’s stock valued at $181,000 after buying an additional 26,360 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Harmony Gold Mining Company Limited by 5,636.3% during the first quarter. Tower Research Capital LLC TRC now owns 77,670 shares of the mining company’s stock valued at $191,000 after buying an additional 76,316 shares during the last quarter. Finally, Two Sigma Securities LLC increased its holdings in Harmony Gold Mining Company Limited by 339.9% during the first quarter. Two Sigma Securities LLC now owns 79,208 shares of the mining company’s stock valued at $194,000 after buying an additional 61,202 shares during the last quarter. 25.14% of the stock is owned by hedge funds and other institutional investors.

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Harmony Gold Mining Company Limited Company Profile

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.