Harmony Gold Mining Company Limited (NYSE:HMY) has earned an average recommendation of “Sell” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company.

Several equities research analysts have commented on the company. ValuEngine lowered Harmony Gold Mining Company Limited from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Harmony Gold Mining Company Limited from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a research note on Wednesday, May 3rd. Finally, BidaskClub upgraded Harmony Gold Mining Company Limited from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 12th.

Large investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in Harmony Gold Mining Company Limited by 24.7% in the first quarter. Van ECK Associates Corp now owns 76,080,435 shares of the mining company’s stock worth $186,397,000 after buying an additional 15,081,214 shares during the period. Eqis Capital Management Inc. bought a new stake in Harmony Gold Mining Company Limited during the second quarter worth about $1,510,000. UBS Group AG raised its stake in Harmony Gold Mining Company Limited by 367.4% in the first quarter. UBS Group AG now owns 992,720 shares of the mining company’s stock worth $2,432,000 after buying an additional 780,348 shares during the period. American Century Companies Inc. bought a new stake in Harmony Gold Mining Company Limited during the first quarter worth about $1,794,000. Finally, AQR Capital Management LLC raised its stake in Harmony Gold Mining Company Limited by 93.7% in the fourth quarter. AQR Capital Management LLC now owns 932,174 shares of the mining company’s stock worth $2,060,000 after buying an additional 450,828 shares during the period. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Company Limited (HMY) traded up 1.74% during trading on Monday, reaching $1.75. The company’s stock had a trading volume of 1,849,362 shares. The company’s 50-day moving average is $1.96 and its 200-day moving average is $2.30. The company has a market capitalization of $765.27 million, a P/E ratio of 3.56 and a beta of -1.96. Harmony Gold Mining Company Limited has a 1-year low of $1.56 and a 1-year high of $4.87.

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About Harmony Gold Mining Company Limited

Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company’s segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3.

Analyst Recommendations for Harmony Gold Mining Company Limited (NYSE:HMY)

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