Harmony Gold Mining (NYSE:HMY) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Harmony Gold Mining (NYSE:HMY) from a hold rating to a buy rating in a report published on Saturday.

Other equities analysts also recently issued research reports about the company. Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Harmony Gold Mining has a consensus rating of “Moderate Buy”.

Harmony Gold Mining Stock Performance

NYSE HMY opened at $14.65 on Friday. Harmony Gold Mining has a fifty-two week low of $12.58 and a fifty-two week high of $26.06. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $16.26 and a two-hundred day simple moving average of $18.01.

Institutional Trading of Harmony Gold Mining

Hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp increased its stake in shares of Harmony Gold Mining by 210.4% in the 1st quarter. Jones Financial Companies Lllp now owns 18,165 shares of the mining company’s stock worth $268,000 after acquiring an additional 12,312 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Harmony Gold Mining by 215.7% during the first quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock worth $82,289,000 after acquiring an additional 3,806,468 shares in the last quarter. New York State Common Retirement Fund bought a new stake in Harmony Gold Mining during the second quarter worth about $171,000. Arrowstreet Capital Limited Partnership bought a new stake in Harmony Gold Mining during the second quarter worth about $424,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Harmony Gold Mining by 13.9% in the second quarter. EverSource Wealth Advisors LLC now owns 10,516 shares of the mining company’s stock worth $147,000 after purchasing an additional 1,280 shares during the period. Institutional investors own 31.79% of the company’s stock.

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.