Wall Street Zen Upgrades Harmony Gold Mining (NYSE:HMY) to “Buy”

Harmony Gold Mining (NYSE:HMY) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms have also issued reports on HMY. Weiss Ratings upgraded shares of Harmony Gold Mining from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Zacks Research raised shares of Harmony Gold Mining to a “hold” rating in a research note on Tuesday, September 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Harmony Gold Mining currently has an average rating of “Moderate Buy”.

Harmony Gold Mining Stock Up 0.0%

HMY opened at $15.84 on Friday. Harmony Gold Mining has a twelve month low of $13.03 and a twelve month high of $26.06. The company has a 50-day simple moving average of $18.99 and a 200 day simple moving average of $17.43.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its holdings in shares of Harmony Gold Mining by 46.1% during the 1st quarter. Renaissance Technologies LLC now owns 1,718,320 shares of the mining company’s stock valued at $26,411,000 after acquiring an additional 542,200 shares in the last quarter. Sei Investments Co. grew its position in Harmony Gold Mining by 22.0% during the 1st quarter. Sei Investments Co. now owns 906,906 shares of the mining company’s stock worth $13,939,000 after acquiring an additional 163,409 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Harmony Gold Mining by 18.6% during the 1st quarter. Public Employees Retirement System of Ohio now owns 553,186 shares of the mining company’s stock worth $8,502,000 after acquiring an additional 86,827 shares during the last quarter. U S Global Investors Inc. grew its position in Harmony Gold Mining by 49.4% during the 1st quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company’s stock worth $6,116,000 after acquiring an additional 131,538 shares during the last quarter. Finally, Assetmark Inc. grew its position in Harmony Gold Mining by 4,535.7% during the 1st quarter. Assetmark Inc. now owns 271,653 shares of the mining company’s stock worth $4,175,000 after acquiring an additional 265,793 shares during the last quarter. 31.79% of the stock is currently owned by institutional investors and hedge funds.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South African gold producer with operations and projects in South Africa and Papua New Guinea. The company explores for, mines, and processes gold-bearing ore, producing gold bullion as its primary product and silver as a byproduct at certain operations.

In South Africa, Harmony operates a portfolio of underground and surface mines, supported by processing plants and related infrastructure. Its assets include operations in the Free State and Gauteng provinces, as well as other mining and tailings-reprocessing activities.