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 research note published on Sunday.

A number of other equities research analysts also recently weighed in on the company. Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Harmony Gold Mining in a research note on Friday, July 17th. Finally, Morgan Stanley raised Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Harmony Gold Mining currently has an average rating of “Moderate Buy”.

Harmony Gold Mining Stock Performance

HMY opened at $19.72 on Friday. Harmony Gold Mining has a 1 year low of $12.58 and a 1 year 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. The stock has a fifty day moving average price of $15.96 and a 200 day moving average price of $17.51.

Hedge Funds Weigh In On Harmony Gold Mining

A number of institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new stake in Harmony Gold Mining in the 3rd quarter valued at approximately $25,000. TD Private Client Wealth LLC acquired a new stake in Harmony Gold Mining in the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Harmony Gold Mining in the 4th quarter worth $26,000. Ascentis Independent Advisors bought a new position in shares of Harmony Gold Mining during the 1st quarter worth about $28,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Harmony Gold Mining during the 1st quarter worth about $33,000. 31.79% of the stock is currently owned by institutional investors.

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.