Harmony Gold Mining (NYSE:HMY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Harmony Gold Mining (NYSE:HMY) to a hold rating in a research report released on Tuesday morning,Zacks reports.

Other research analysts have also issued research reports about the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th. Wall Street Zen upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Harmony Gold Mining presently has an average rating of “Moderate Buy”.

Harmony Gold Mining Price Performance

Shares of HMY opened at $20.82 on Tuesday. Harmony Gold Mining has a one year low of $13.03 and a one year high of $26.06. The stock has a 50-day moving average of $18.05 and a 200-day moving average of $17.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.64 and a current ratio of 0.84.

Hedge Funds Weigh In On Harmony Gold Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp increased its position in shares of Harmony Gold Mining by 210.4% during the 1st quarter. Jones Financial Companies Lllp now owns 18,165 shares of the mining company’s stock valued at $268,000 after purchasing an additional 12,312 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Harmony Gold Mining by 215.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after buying an additional 3,806,468 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in Harmony Gold Mining during the second quarter valued at about $171,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Harmony Gold Mining in the second quarter valued at approximately $424,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Harmony Gold Mining by 13.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,516 shares of the mining company’s stock valued at $147,000 after acquiring an additional 1,280 shares during the period. Hedge funds and other institutional investors own 31.79% of the company’s stock.

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.