Harmony Gold Mining Company Limited (NYSE:HMY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have earned a consensus rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $16.00.

A number of brokerages recently commented on HMY. Zacks Research lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Wall Street Zen downgraded shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in Harmony Gold Mining during the 3rd quarter worth $25,000. Colonial Trust Advisors bought a new stake in shares of Harmony Gold Mining in the second quarter valued at about $26,000. TD Private Client Wealth LLC acquired a new position in shares of Harmony Gold Mining in the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Harmony Gold Mining in the fourth quarter valued at about $26,000. Finally, Assetmark Inc. increased its position in Harmony Gold Mining by 907.5% during the third quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock worth $32,000 after acquiring an additional 1,579 shares during the period. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Stock Down 2.3%

Shares of HMY opened at $13.34 on Friday. The company’s 50-day moving average is $20.51 and its 200-day moving average is $19.01. Harmony Gold Mining has a fifty-two week low of $12.50 and a fifty-two week high of $26.06. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.