Harmony Gold Mining (NYSE:HMY) Shares Gap Down to $9.02

Harmony Gold Mining Company Limited (NYSE:HMY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $9.02, but opened at $8.69. Harmony Gold Mining shares last traded at $8.73, with a volume of 1,230,021 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price objective on Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating on the stock in a research note on Wednesday, July 3rd.

Harmony Gold Mining Stock Performance

The firm’s 50 day moving average price is $9.67 and its 200-day moving average price is $8.81. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.11.

Institutional Trading of Harmony Gold Mining

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC bought a new stake in Harmony Gold Mining in the second quarter valued at about $41,000. St. Johns Investment Management Company LLC acquired a new position in shares of Harmony Gold Mining in the 1st quarter worth approximately $52,000. GAMMA Investing LLC lifted its position in shares of Harmony Gold Mining by 29.2% during the 1st quarter. GAMMA Investing LLC now owns 6,622 shares of the mining company’s stock worth $54,000 after buying an additional 1,496 shares during the period. Atlas Capital Advisors LLC acquired a new stake in Harmony Gold Mining in the 1st quarter valued at $61,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Harmony Gold Mining in the first quarter valued at $77,000. 31.79% of the stock is currently owned by institutional investors and hedge funds.

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.