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

Harmony Gold Mining (NYSE:HMY) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

HMY has been the topic of a number of other research reports. Zacks Research upgraded Harmony Gold Mining to a “hold” rating in a research report on Tuesday, September 8th. Weiss Ratings lowered Harmony Gold Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Harmony Gold Mining Stock Performance

HMY stock opened at $15.19 on Friday. The firm’s fifty day moving average is $18.34 and its 200 day moving average is $17.93. Harmony Gold Mining has a one year low of $13.03 and a one year high of $26.06.

Institutional Trading of Harmony Gold Mining

A number of institutional investors have recently bought and sold shares of HMY. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Harmony Gold Mining in the 3rd quarter valued at about $332,000. Vise Technologies Inc. increased its stake in Harmony Gold Mining by 32.4% in the 3rd quarter. Vise Technologies Inc. now owns 37,156 shares of the mining company’s stock valued at $658,000 after buying an additional 9,095 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in shares of Harmony Gold Mining during the third quarter worth about $449,000. Quadrant Capital Group LLC raised its stake in shares of Harmony Gold Mining by 5.9% during the 3rd quarter. Quadrant Capital Group LLC now owns 35,082 shares of the mining company’s stock worth $586,000 after buying an additional 1,942 shares in the last quarter. Finally, Novem Group raised its position in Harmony Gold Mining by 5.0% in the third quarter. Novem Group now owns 65,717 shares of the mining company’s stock worth $1,165,000 after acquiring an additional 3,152 shares in the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South African gold producer with operations and projects in South Africa and Papua New Guinea. The company explores for, mines, and processes gold-bearing ore, producing gold bullion as its primary product and silver as a byproduct at certain operations.

In South Africa, Harmony operates a portfolio of underground and surface mines, supported by processing plants and related infrastructure. Its assets include operations in the Free State and Gauteng provinces, as well as other mining and tailings-reprocessing activities.