Shares of Harmony Gold Mining Co. (NYSE:HMY) shot up 2% on Friday . The company traded as high as $2.04 and last traded at $2.00. 330,390 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 4,393,489 shares. The stock had previously closed at $2.04.
A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a research note on Friday, August 31st. Macquarie cut shares of Harmony Gold Mining from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 28th. Finally, ValuEngine cut shares of Harmony Gold Mining from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 15th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Harmony Gold Mining presently has an average rating of “Hold” and an average target price of $2.50.
The company has a market capitalization of $738.25 million, a P/E ratio of 15.54 and a beta of -2.06. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.67 and a current ratio of 1.16.
Harmony Gold Mining Company Profile (NYSE:HMY)
Harmony Gold Mining Company Limited engages in the exploration and mining of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various other surface operations in South Africa. The company owns interests in the Hidden Valley, an open-pit gold and silver mine; the Wafi Golpu project in Morobe province; and the Kili Teke gold-copper exploration project in Papua New Guinea.
Read More: Initial Public Offering (IPO)
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