Harmony Gold Mining Company Limited (NYSE:HMY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

HMY has been the topic of a number of analyst reports. Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Wall Street Zen downgraded shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th.

Institutional Inflows and Outflows

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

Harmony Gold Mining Stock Performance

Shares of NYSE:HMY opened at $20.28 on Friday. The firm’s 50 day moving average price is $17.74 and its 200 day moving average price is $17.33. Harmony Gold Mining has a fifty-two week low of $13.03 and a fifty-two week high of $26.06. The company has a quick ratio of 0.64, a current ratio of 0.84 and a debt-to-equity ratio of 0.03.

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.