Harmony Gold Mining (HMY) Shares Up -2%

Share on StockTwits

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.

Hedge funds have recently added to or reduced their stakes in the stock. CIBC World Markets Inc. purchased a new position in Harmony Gold Mining during the 1st quarter worth approximately $111,000. Cubist Systematic Strategies LLC purchased a new position in Harmony Gold Mining during the 1st quarter worth approximately $305,000. Financial Gravity Wealth Inc. purchased a new position in Harmony Gold Mining during the 1st quarter worth approximately $559,000. Jane Street Group LLC raised its position in Harmony Gold Mining by 59.7% during the 1st quarter. Jane Street Group LLC now owns 539,827 shares of the mining company’s stock worth $1,290,000 after buying an additional 201,901 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in Harmony Gold Mining during the 2nd quarter worth approximately $889,000. Institutional investors own 28.47% of the company’s stock.

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)

Receive News & Ratings for Harmony Gold Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harmony Gold Mining and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply