Harmony Gold Mining Co. (NYSE:HMY) was upgraded by stock analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. Citigroup Inc. reissued a “sell” rating on shares of Harmony Gold Mining in a research report on Thursday, August 18th. HSBC downgraded Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Friday. Finally, TheStreet raised Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $5.00.

Analyst Recommendations for Harmony Gold Mining (NYSE:HMY)

Harmony Gold Mining (NYSE:HMY) opened at 2.69 on Friday. The firm has a 50-day moving average price of $3.18 and a 200 day moving average price of $3.65. The company has a market cap of $1.17 billion, a P/E ratio of 16.71 and a beta of -1.60. Harmony Gold Mining has a 12 month low of $0.53 and a 12 month high of $4.87.

Several institutional investors have recently bought and sold shares of the stock. World Asset Management Inc increased its stake in shares of Harmony Gold Mining by 7.9% in the third quarter. World Asset Management Inc now owns 29,334 shares of the mining company’s stock worth $102,000 after buying an additional 2,142 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Harmony Gold Mining during the first quarter worth about $103,000. Societe Generale bought a new stake in shares of Harmony Gold Mining during the second quarter worth about $121,000. Barclays PLC increased its stake in shares of Harmony Gold Mining by 1,457.1% in the second quarter. Barclays PLC now owns 40,485 shares of the mining company’s stock worth $146,000 after buying an additional 37,885 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Harmony Gold Mining during the second quarter worth about $167,000. 25.90% of the stock is currently owned by institutional investors.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a gold-mining and exploration company. The Company has operations in South Africa and Papua New Guinea. In South Africa, the Company’s operations are focused on the Witwatersrand Basin and the Kraaipan Greenstone Belt. The Company operates nine underground mines, one open-pit mine and several surface operations.

5 Day Chart for NYSE:HMY

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