Harmony Gold Mining Company Limited (NYSE:HMY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have been assigned an average rating of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $16.00.

HMY has been the topic of a number of research analyst reports. Zacks Research lowered Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Wall Street Zen upgraded shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Thursday, January 22nd.

Institutional Investors Weigh In On Harmony Gold Mining

Several hedge funds have recently made changes to their positions in HMY. Advisory Services Network LLC acquired a new stake in Harmony Gold Mining during the third quarter worth about $25,000. Colonial Trust Advisors bought a new stake in shares of Harmony Gold Mining in the 2nd quarter worth approximately $26,000. TD Private Client Wealth LLC acquired a new stake in shares of Harmony Gold Mining during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Harmony Gold Mining during the fourth quarter valued at approximately $26,000. Finally, Assetmark Inc. raised its stake in shares of Harmony Gold Mining by 907.5% in the third quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock valued at $32,000 after purchasing an additional 1,579 shares in the last quarter. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Up 6.6%

Harmony Gold Mining stock opened at $21.01 on Tuesday. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. The business’s 50-day simple moving average is $21.34 and its 200-day simple moving average is $18.43. Harmony Gold Mining has a 52 week low of $9.69 and a 52 week high of $26.06.

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.