Harmony Gold Mining (NYSE:HMY) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Harmony Gold Mining (NYSE:HMY) from a buy rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other equities research analysts have also recently commented on HMY. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Harmony Gold Mining in a research note on Friday, July 17th. Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Harmony Gold Mining Stock Down 3.0%

Shares of Harmony Gold Mining stock opened at $19.63 on Friday. The business has a 50-day moving average price of $17.35 and a two-hundred day moving average price of $17.33. Harmony Gold Mining has a 1-year low of $12.78 and a 1-year high of $26.06. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt-to-equity ratio of 0.03.

Institutional Trading of Harmony Gold Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in Harmony Gold Mining by 210.4% in the first 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. increased its holdings in shares of 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 valued at $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 shares of Harmony Gold Mining during the second quarter valued at approximately $171,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Harmony Gold Mining during the second quarter worth approximately $424,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Harmony Gold Mining by 13.9% during 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. 31.79% of the stock is 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.