Harmony Gold Mining Company Limited (NYSE:HMY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have received an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

A number of brokerages have commented on HMY. Zacks Research raised shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th.

Hedge Funds Weigh In On Harmony Gold Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ballentine Partners LLC raised its holdings in Harmony Gold Mining by 5.0% during the fourth quarter. Ballentine Partners LLC now owns 12,859 shares of the mining company’s stock worth $256,000 after purchasing an additional 607 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Harmony Gold Mining by 7.6% in the 2nd quarter. GAMMA Investing LLC now owns 9,548 shares of the mining company’s stock valued at $145,000 after buying an additional 678 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Harmony Gold Mining by 15.5% in the 1st quarter. Parallel Advisors LLC now owns 6,364 shares of the mining company’s stock valued at $98,000 after buying an additional 852 shares during the last quarter. Vise Technologies Inc. raised its stake in Harmony Gold Mining by 4.5% during the 4th quarter. Vise Technologies Inc. now owns 24,002 shares of the mining company’s stock worth $478,000 after acquiring an additional 1,030 shares in the last quarter. Finally, Personal CFO Solutions LLC raised its stake in Harmony Gold Mining by 4.9% during the 4th quarter. Personal CFO Solutions LLC now owns 23,980 shares of the mining company’s stock worth $477,000 after acquiring an additional 1,127 shares in the last quarter. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Stock Down 2.6%

Shares of Harmony Gold Mining stock opened at $14.76 on Friday. The business has a 50-day simple moving average of $16.32 and a 200-day simple moving average of $18.03. Harmony Gold Mining has a one year low of $12.58 and a one year high of $26.06. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38.

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.