Harmony Gold Mining Co. (HMY) Given Consensus Rating of “Hold” by Analysts

Harmony Gold Mining Co. (NYSE:HMY) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company.

A number of equities research analysts recently weighed in on the company. Deutsche Bank cut Harmony Gold Mining from a “hold” rating to a “sell” rating in a report on Friday, October 13th. ValuEngine upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, Bank of America cut Harmony Gold Mining from a “buy” rating to a “neutral” rating in a report on Friday, October 20th.

Harmony Gold Mining (NYSE HMY) traded down $0.01 on Wednesday, hitting $1.71. The company had a trading volume of 6,851,903 shares, compared to its average volume of 4,180,000. The firm has a market cap of $754.91, a PE ratio of 34.20 and a beta of -1.77. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02. Harmony Gold Mining has a 1-year low of $1.56 and a 1-year high of $2.99.

Large investors have recently made changes to their positions in the business. U S Global Investors Inc. grew its holdings in Harmony Gold Mining by 14.3% during the 3rd quarter. U S Global Investors Inc. now owns 476,500 shares of the mining company’s stock valued at $871,000 after buying an additional 59,608 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Harmony Gold Mining during the 3rd quarter valued at $1,353,000. HighTower Advisors LLC acquired a new stake in Harmony Gold Mining during the 2nd quarter valued at $245,000. Wells Fargo & Company MN grew its holdings in Harmony Gold Mining by 39.8% during the 2nd quarter. Wells Fargo & Company MN now owns 520,689 shares of the mining company’s stock valued at $859,000 after buying an additional 148,294 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Harmony Gold Mining by 419.9% during the 3rd quarter. Jane Street Group LLC now owns 1,612,863 shares of the mining company’s stock valued at $2,952,000 after buying an additional 1,302,658 shares during the last quarter. Hedge funds and other institutional investors own 24.57% of the company’s stock.

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About Harmony Gold Mining

Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company’s segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3.

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