Harmony Gold Mining (NYSE:HMY) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.
Separately, Zacks Investment Research raised shares of Harmony Gold Mining from a “sell” rating to a “hold” rating and set a $2.50 price target on the stock in a research report on Friday, June 28th.
Shares of HMY opened at $3.35 on Tuesday. The stock has a market capitalization of $1.32 billion, a PE ratio of 25.77 and a beta of -1.30. Harmony Gold Mining has a 1 year low of $1.47 and a 1 year high of $3.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 1.38. The company’s 50-day simple moving average is $2.64 and its 200-day simple moving average is $2.10.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in Harmony Gold Mining by 7.3% in the fourth quarter. BlackRock Inc. now owns 4,180,628 shares of the mining company’s stock worth $7,483,000 after purchasing an additional 284,007 shares during the last quarter. Deutsche Bank AG boosted its holdings in Harmony Gold Mining by 3,153.5% in the fourth quarter. Deutsche Bank AG now owns 2,562,617 shares of the mining company’s stock worth $4,587,000 after purchasing an additional 2,483,852 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new stake in Harmony Gold Mining in the first quarter worth approximately $52,000. BNP Paribas Arbitrage SA boosted its holdings in Harmony Gold Mining by 47.7% in the first quarter. BNP Paribas Arbitrage SA now owns 166,306 shares of the mining company’s stock worth $316,000 after purchasing an additional 53,739 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in Harmony Gold Mining by 10.5% in the first quarter. Bank of Montreal Can now owns 1,109,242 shares of the mining company’s stock worth $2,107,000 after purchasing an additional 105,392 shares during the last quarter. 33.75% of the stock is currently owned by institutional investors and hedge funds.
About Harmony Gold Mining
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various surface treatment operations in South Africa.
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