Harmony Gold Mining (NYSE:HMY) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Harmony Gold Mining (NYSE:HMY) from a buy rating to a hold rating in a report issued on Saturday morning.

Other research analysts also recently issued research reports about the stock. Zacks Research raised shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Morgan Stanley raised shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Harmony Gold Mining currently has an average rating of “Moderate Buy”.

Harmony Gold Mining Trading Down 2.6%

Shares of HMY stock opened at $15.74 on Friday. Harmony Gold Mining has a 52 week low of $12.58 and a 52 week high of $26.06. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $15.95 and a 200-day moving average of $17.68.

Institutional Investors Weigh In On Harmony Gold Mining

A number of institutional investors have recently added to or reduced their stakes in HMY. Barometer Capital Management Inc. grew its position in Harmony Gold Mining by 1,118.8% during the first quarter. Barometer Capital Management Inc. now owns 117,000 shares of the mining company’s stock valued at $1,764,000 after buying an additional 107,400 shares during the period. Hsbc Holdings PLC bought a new stake in Harmony Gold Mining in the fourth quarter worth about $1,815,000. U S Global Investors Inc. raised its position in Harmony Gold Mining by 49.4% in the first 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 period. Assetmark Inc. boosted its stake in Harmony Gold Mining by 4,535.7% in the first quarter. Assetmark Inc. now owns 271,653 shares of the mining company’s stock valued at $4,175,000 after acquiring an additional 265,793 shares during the last quarter. Finally, Ninety One UK Ltd purchased a new position in Harmony Gold Mining in the fourth quarter valued at about $6,939,000. 31.79% of the stock is owned by institutional investors.

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.