Harmony Gold Mining (NYSE:HMY) Stock Rating Upgraded by Wall Street Zen

Harmony Gold Mining (NYSE:HMY) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other research firms also recently commented on HMY. Morgan Stanley raised Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. Zacks Research upgraded Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. One equities research 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 company’s stock. Based on data from MarketBeat.com, Harmony Gold Mining has an average rating of “Moderate Buy”.

Harmony Gold Mining Stock Down 0.0%

HMY stock opened at $14.65 on Friday. 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 firm has a 50 day moving average price of $16.26 and a 200-day moving average price of $18.00. Harmony Gold Mining has a 52-week low of $12.58 and a 52-week high of $26.06.

Hedge Funds Weigh In On Harmony Gold Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new stake in Harmony Gold Mining during the 3rd quarter valued at $25,000. TD Private Client Wealth LLC bought a new position in shares of Harmony Gold Mining during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Harmony Gold Mining during the fourth quarter valued at $26,000. Ascentis Independent Advisors purchased a new stake in shares of Harmony Gold Mining during the first quarter valued at $28,000. Finally, Banque Cantonale Vaudoise bought a new stake in Harmony Gold Mining in the 1st quarter worth about $33,000. 31.79% of the stock is owned by institutional investors.

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.