Harmony Gold Mining (NYSE:HMY) Cut to “Hold” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of Harmony Gold Mining (NYSE:HMY – Free Report) from a buy rating to a hold rating in a research report report published on Saturday.

Several other brokerages have also recently weighed in on HMY. Morgan Stanley raised Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. 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. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on HMY

Harmony Gold Mining Stock Up 4.6%

Harmony Gold Mining stock opened at $16.48 on Friday. The company’s 50-day moving average is $15.95 and its 200-day moving average is $17.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54. Harmony Gold Mining has a fifty-two week low of $12.58 and a fifty-two week high of $26.06.

Institutional Investors Weigh In On Harmony Gold Mining

Several institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new stake in shares of Harmony Gold Mining during the 3rd quarter valued at approximately $25,000. TD Private Client Wealth LLC bought a new stake in Harmony Gold Mining in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in Harmony Gold Mining during the fourth quarter valued at approximately $26,000. Ascentis Independent Advisors purchased a new position in Harmony Gold Mining in the 1st quarter worth $28,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Harmony Gold Mining in the first quarter worth about $33,000. 31.79% of the stock is owned by hedge funds and other institutional investors.

About Harmony Gold Mining

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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.

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