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

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company.

A number of research firms recently weighed in on HMY. Morgan Stanley raised shares of Harmony Gold Mining to an “overweight” rating in a research report on Thursday, April 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Harmony Gold Mining in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th.

Hedge Funds Weigh In On Harmony Gold Mining

Several institutional investors have recently modified their holdings of HMY. Barometer Capital Management Inc. boosted its holdings in shares of Harmony Gold Mining by 1,118.8% in the 1st quarter. Barometer Capital Management Inc. now owns 117,000 shares of the mining company’s stock worth $1,764,000 after buying an additional 107,400 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Harmony Gold Mining during the fourth quarter worth about $1,815,000. U S Global Investors Inc. raised its position in Harmony Gold Mining by 49.4% in the first quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company’s stock worth $6,116,000 after acquiring an additional 131,538 shares during the period. Assetmark Inc. raised its position in Harmony Gold Mining by 4,535.7% in the first quarter. Assetmark Inc. now owns 271,653 shares of the mining company’s stock worth $4,175,000 after acquiring an additional 265,793 shares during the period. Finally, Ninety One UK Ltd purchased a new position in Harmony Gold Mining in the fourth quarter valued at about $6,939,000. 31.79% of the stock is owned by institutional investors.

Harmony Gold Mining Price Performance

HMY opened at $19.94 on Tuesday. Harmony Gold Mining has a 1 year low of $12.58 and a 1 year high of $26.06. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $16.01 and its two-hundred day moving average price is $17.48.

Harmony Gold Mining Company Profile

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.