Harmony Gold Mining (NYSE:HMY) Stock Rating Lowered by Wall Street Zen

Harmony Gold Mining (NYSE:HMY) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also issued reports on the company. Zacks Research raised Harmony Gold Mining to a “hold” rating in a research report on Tuesday, September 8th. Weiss Ratings raised shares of Harmony Gold Mining from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Harmony Gold Mining Price Performance

NYSE HMY opened at $16.87 on Friday. Harmony Gold Mining has a 12 month low of $13.03 and a 12 month high of $26.06. The stock’s fifty day moving average price is $19.42 and its 200-day moving average price is $17.32.

Hedge Funds Weigh In On Harmony Gold Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its stake in shares of Harmony Gold Mining by 15.1% in the third quarter. Farther Finance Advisors LLC now owns 4,883 shares of the mining company’s stock worth $87,000 after purchasing an additional 642 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Harmony Gold Mining by 17.7% during the second quarter. QRG Capital Management Inc. now owns 18,979 shares of the mining company’s stock valued at $289,000 after purchasing an additional 2,856 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Harmony Gold Mining by 26.0% during the second quarter. Sequoia Financial Advisors LLC now owns 20,212 shares of the mining company’s stock valued at $307,000 after purchasing an additional 4,172 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Harmony Gold Mining by 100.2% during the second quarter. IFP Advisors Inc now owns 9,947 shares of the mining company’s stock valued at $151,000 after buying an additional 4,978 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of Harmony Gold Mining during the second quarter valued at $613,000. 31.79% of the stock is owned by institutional investors.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South African-based gold producer engaged in the exploration, extraction, processing and refining of gold. The company operates a portfolio of underground and surface mines, supported by related processing facilities and exploration activities.

Harmony’s operations are primarily located in South Africa, with additional assets in Papua New Guinea. Its international portfolio includes the Hidden Valley open-pit gold and silver mine, while the company also participates in the Wafi-Golpu copper-gold development project in Papua New Guinea.