Harmony Gold Mining (NYSE:HMY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Harmony Gold Mining (NYSE:HMY) from a hold rating to a buy rating in a research note published on Sunday,Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on HMY. Zacks Research upgraded Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Harmony Gold Mining Stock Down 0.2%

Shares of NYSE:HMY opened at $20.23 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt-to-equity ratio of 0.03. Harmony Gold Mining has a 52-week low of $13.03 and a 52-week high of $26.06. The firm has a fifty day moving average of $17.94 and a 200 day moving average of $17.31.

Hedge Funds Weigh In On Harmony Gold Mining

Large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new stake in Harmony Gold Mining during the third quarter valued at about $25,000. TD Private Client Wealth LLC bought a new stake in shares of Harmony Gold Mining in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Harmony Gold Mining in the 4th quarter valued at about $26,000. Ascentis Independent Advisors bought a new stake in shares of Harmony Gold Mining in the 1st quarter valued at about $28,000. Finally, Banque Cantonale Vaudoise purchased a new stake in Harmony Gold Mining during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited 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.