Harmony Gold Mining Company Limited (NYSE:HMY) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.

A number of equities analysts recently issued reports on the company. Zacks Research upgraded Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th. Finally, Wall Street Zen raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Sunday.

Hedge Funds Weigh In On Harmony Gold Mining

Several large investors have recently added to or reduced their stakes in the business. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. boosted its stake in Harmony Gold Mining by 15.7% during the 2nd quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 114,200 shares of the mining company’s stock valued at $1,737,000 after purchasing an additional 15,500 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Harmony Gold Mining in the second quarter worth approximately $152,000. GAMMA Investing LLC raised its stake in shares of Harmony Gold Mining by 7.6% in the second quarter. GAMMA Investing LLC now owns 9,548 shares of the mining company’s stock worth $145,000 after purchasing an additional 678 shares during the last quarter. DV Trading LLC lifted its holdings in shares of Harmony Gold Mining by 1,181.7% in the first quarter. DV Trading LLC now owns 11,125 shares of the mining company’s stock valued at $171,000 after purchasing an additional 10,257 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Harmony Gold Mining by 16.0% in the first quarter. Segall Bryant & Hamill LLC now owns 35,500 shares of the mining company’s stock valued at $546,000 after purchasing an additional 4,900 shares in the last quarter. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Trading Up 1.2%

Shares of Harmony Gold Mining stock opened at $19.94 on Tuesday. Harmony Gold Mining has a 52 week low of $12.58 and a 52 week high of $26.06. The stock has a 50 day moving average price of $16.01 and a two-hundred day moving average price of $17.48. 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 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.