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

Harmony Gold Mining Company Limited (NYSE:HMY) has earned a consensus rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company.

A number of research analysts recently issued reports on the company. Zacks Research upgraded Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Harmony Gold Mining in a research report on Friday, July 17th. Finally, Wall Street Zen cut shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Saturday, August 29th.

Harmony Gold Mining Price Performance

Harmony Gold Mining stock opened at $20.28 on Friday. Harmony Gold Mining has a fifty-two week low of $13.03 and a fifty-two week high of $26.06. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.84 and a quick ratio of 0.64. The stock has a 50-day simple moving average of $17.74 and a 200-day simple moving average of $17.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in Harmony Gold Mining by 48.2% in the third quarter. AQR Capital Management LLC now owns 5,871,169 shares of the mining company’s stock valued at $105,916,000 after purchasing an additional 1,910,028 shares during the period. FIL Ltd acquired a new stake in shares of Harmony Gold Mining during the fourth quarter worth about $111,182,000. Goldman Sachs Group Inc. boosted its stake in shares of Harmony Gold Mining by 215.7% during the first 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 during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Harmony Gold Mining by 31.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,042,664 shares of the mining company’s stock worth $60,549,000 after buying an additional 736,233 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Harmony Gold Mining by 29.3% during the fourth quarter. Lazard Asset Management LLC now owns 2,988,156 shares of the mining company’s stock worth $59,464,000 after buying an additional 677,479 shares during 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 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.