Harmony Gold Mining Company Limited (NYSE:HMY) Given Consensus Recommendation of “Moderate Buy” by Analysts

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

HMY has been the topic of a number of research analyst reports. Morgan Stanley raised Harmony Gold Mining to an “overweight” rating in a research report on Thursday, April 16th. Wall Street Zen cut Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Zacks Research upgraded Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th.

Harmony Gold Mining Stock Performance

Shares of HMY stock opened at $14.76 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 50-day moving average of $16.32 and a two-hundred day moving average of $18.03. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.03.

Institutional Trading of Harmony Gold Mining

A number of institutional investors and hedge funds have recently bought and sold shares of HMY. Jones Financial Companies Lllp boosted its stake in shares of 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 valued at $268,000 after purchasing an additional 12,312 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Harmony Gold Mining by 215.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock worth $82,289,000 after buying an additional 3,806,468 shares in the last quarter. New York State Common Retirement Fund purchased a new position in Harmony Gold Mining in the 2nd quarter valued at approximately $171,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Harmony Gold Mining in the second quarter worth $424,000. Finally, EverSource Wealth Advisors LLC increased 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 acquiring an additional 1,280 shares during the period. 31.79% of the stock is currently owned by hedge funds and other 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.