Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $9.36, but opened at $9.67. Harmony Gold Mining shares last traded at $9.64, with a volume of 548,265 shares traded.
Wall Street Analysts Forecast Growth
HMY has been the subject of several recent research reports. StockNews.com downgraded shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. reduced their price objective on shares of Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating for the company in a research note on Wednesday. Finally, HSBC cut shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a research note on Friday, April 19th.
Check Out Our Latest Research Report on Harmony Gold Mining
Harmony Gold Mining Price Performance
The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock’s 50 day simple moving average is $9.04 and its 200 day simple moving average is $7.65.
Hedge Funds Weigh In On Harmony Gold Mining
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new stake in shares of Harmony Gold Mining in the 4th quarter worth approximately $1,723,000. Cloverfields Capital Group LP bought a new stake in shares of Harmony Gold Mining in the 4th quarter worth approximately $845,000. Citigroup Inc. lifted its holdings in shares of Harmony Gold Mining by 59.4% in the 3rd quarter. Citigroup Inc. now owns 19,755 shares of the mining company’s stock worth $74,000 after acquiring an additional 7,361 shares during the last quarter. AJOVista LLC bought a new stake in shares of Harmony Gold Mining in the 4th quarter worth approximately $1,707,000. Finally, Fifth Third Bancorp bought a new stake in shares of Harmony Gold Mining in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.
Harmony Gold Mining Company Profile
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.
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