Harmony Gold Mining (NYSE:HMY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Harmony Gold Mining (NYSE:HMY) from a hold rating to a buy rating in a research note issued to investors on Sunday morning.

Several other analysts have also issued reports on the company. Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Harmony Gold Mining in a research note on Friday, July 17th. Finally, Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Harmony Gold Mining Trading Down 1.8%

Shares of NYSE:HMY opened at $19.54 on Friday. The firm has a fifty day moving average of $16.05 and a two-hundred day moving average of $17.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. Harmony Gold Mining has a 12-month low of $12.58 and a 12-month high of $26.06.

Institutional Investors Weigh In On Harmony Gold Mining

A number of large investors have recently bought and sold shares of HMY. FIL Ltd acquired a new stake in Harmony Gold Mining in the 4th quarter worth approximately $111,182,000. Goldman Sachs Group Inc. grew its holdings in Harmony Gold Mining by 215.7% during the first quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after purchasing an additional 3,806,468 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Harmony Gold Mining by 286.6% in the second quarter. AQR Capital Management LLC now owns 3,961,141 shares of the mining company’s stock valued at $54,248,000 after purchasing an additional 2,936,552 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Harmony Gold Mining by 7,504.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,306,431 shares of the mining company’s stock valued at $41,862,000 after purchasing an additional 2,276,099 shares during the period. Finally, Man Group plc lifted its stake in shares of Harmony Gold Mining by 1,801.7% in the second quarter. Man Group plc now owns 1,985,093 shares of the mining company’s stock worth $27,732,000 after buying an additional 1,880,708 shares during the last quarter. 31.79% of the stock is currently owned by institutional investors.

Harmony Gold Mining Company Profile

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.