Harmony Gold Mining Co. Given Average Rating of “Hold” by Brokerages (NYSE:HMY)
Shares of Harmony Gold Mining Co. (NYSE:HMY) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, Analyst Ratings Network.com reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $3.25.
A number of research firms have recently commented on HMY. Analysts at HSBC upgraded shares of Harmony Gold Mining Co. from an “underweight” rating to a “neutral” rating in a research note on Thursday, May 29th. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Harmony Gold Mining Co. from a “neutral” rating to an “overweight” rating in a research note on Wednesday, May 14th. Finally, analysts at Zacks upgraded shares of Harmony Gold Mining Co. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 13th. They now have a $3.25 price target on the stock.
Shares of Harmony Gold Mining Co. (NYSE:HMY) opened at 2.85 on Friday. Harmony Gold Mining Co. has a 1-year low of $2.35 and a 1-year high of $4.35. The stock has a 50-day moving average of $2.92 and a 200-day moving average of $2.96. The company’s market cap is $1.235 billion.
Harmony Gold Mining Co. (NYSE:HMY) last announced its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.06. On average, analysts predict that Harmony Gold Mining Co. will post $0.10 earnings per share for the current fiscal year.
Harmony Gold Mining Company Limited is a gold-mining and exploration company. The Company has operations in South Africa and Papua New Guinea (NYSE:HMY).
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