Harmony Gold Mining (NYSE:HMY) Raised to Hold at Zacks Research

Harmony Gold Mining (NYSE:HMY) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research report issued on Tuesday, Zacks reports.

A number of other analysts have also issued reports on the stock. Wall Street Zen upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Harmony Gold Mining in a research note on Friday, July 17th. 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Harmony Gold Mining Price Performance

HMY stock opened at $20.82 on Tuesday. The stock’s 50 day moving average is $18.05 and its two-hundred day moving average is $17.32. Harmony Gold Mining has a 52-week low of $13.03 and a 52-week high of $26.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.64 and a current ratio of 0.84.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HMY. Advisory Services Network LLC acquired a new stake in shares of Harmony Gold Mining during the 3rd quarter valued at approximately $25,000. TD Private Client Wealth LLC acquired a new position in Harmony Gold Mining in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Harmony Gold Mining in the fourth quarter worth $26,000. Ascentis Independent Advisors bought a new stake in Harmony Gold Mining during the first quarter valued at $28,000. Finally, Banque Cantonale Vaudoise bought a new stake in Harmony Gold Mining during the first quarter valued at $33,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

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.