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

by · The Cerbat Gem

Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $16.00.

A number of equities analysts have weighed in on HMY shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Harmony Gold Mining in a research report on Wednesday, October 8th. Hsbc Global Res raised shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. HSBC upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Investec raised Harmony Gold Mining to a “hold” rating in a report on Friday, October 10th. Finally, Wall Street Zen lowered Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th.

Get Our Latest Analysis on Harmony Gold Mining

Harmony Gold Mining Stock Performance

HMY stock opened at $19.55 on Monday. The stock has a fifty day moving average of $18.67 and a 200-day moving average of $16.77. Harmony Gold Mining has a fifty-two week low of $8.23 and a fifty-two week high of $22.25. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04.

Institutional Investors Weigh In On Harmony Gold Mining

A number of institutional investors and hedge funds have recently modified their holdings of the company. Shilanski & Associates Inc. grew its stake in Harmony Gold Mining by 3.0% during the third quarter. Shilanski & Associates Inc. now owns 22,909 shares of the mining company’s stock valued at $416,000 after acquiring an additional 670 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Harmony Gold Mining by 16.7% in the 2nd quarter. Parallel Advisors LLC now owns 5,494 shares of the mining company’s stock valued at $77,000 after purchasing an additional 788 shares during the period. Signaturefd LLC increased its holdings in shares of Harmony Gold Mining by 5.6% in the third quarter. Signaturefd LLC now owns 16,323 shares of the mining company’s stock worth $296,000 after purchasing an additional 867 shares during the period. Compound Planning Inc. increased its holdings in shares of Harmony Gold Mining by 3.5% in the third quarter. Compound Planning Inc. now owns 26,673 shares of the mining company’s stock worth $484,000 after purchasing an additional 913 shares during the period. Finally, Personal CFO Solutions LLC raised its position in shares of Harmony Gold Mining by 4.6% in the second quarter. Personal CFO Solutions LLC now owns 22,767 shares of the mining company’s stock worth $318,000 after buying an additional 993 shares in the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

About Harmony Gold Mining

(Get Free Report)

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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