Harmony Gold Mining Company Limited (NYSE:HMY) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other research analysts have also commented on HMY. Zacks Investment Research lowered shares of Harmony Gold Mining Company Limited from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Harmony Gold Mining Company Limited from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Deutsche Bank AG upgraded shares of Harmony Gold Mining Company Limited from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $2.50.

Harmony Gold Mining Company Limited (NYSE HMY) traded up 1.93% during trading on Thursday, reaching $2.11. The company’s stock had a trading volume of 3,316,399 shares. The stock has a market capitalization of $925.66 million, a price-to-earnings ratio of 35.76 and a beta of -1.94. Harmony Gold Mining Company Limited has a 52 week low of $1.56 and a 52 week high of $3.90. The firm has a 50 day moving average of $1.83 and a 200 day moving average of $2.08.

TRADEMARK VIOLATION WARNING: “Harmony Gold Mining Company Limited (HMY) Upgraded by ValuEngine to Buy” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/07/harmony-gold-mining-company-limited-hmy-upgraded-by-valuengine-to-buy.html.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. acquired a new position in shares of Harmony Gold Mining Company Limited during the first quarter valued at approximately $1,794,000. Van ECK Associates Corp increased its stake in shares of Harmony Gold Mining Company Limited by 24.7% during the first quarter. Van ECK Associates Corp now owns 76,080,435 shares of the mining company’s stock valued at $186,397,000 after acquiring an additional 15,081,214 shares during the period. Bank of America Corp DE increased its stake in shares of Harmony Gold Mining Company Limited by 59.2% during the first quarter. Bank of America Corp DE now owns 315,984 shares of the mining company’s stock valued at $774,000 after acquiring an additional 117,561 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Harmony Gold Mining Company Limited by 35.2% during the fourth quarter. UBS Asset Management Americas Inc. now owns 502,054 shares of the mining company’s stock valued at $1,110,000 after acquiring an additional 130,812 shares during the period. Finally, Sensato Investors LLC increased its stake in shares of Harmony Gold Mining Company Limited by 109.3% during the first quarter. Sensato Investors LLC now owns 362,100 shares of the mining company’s stock valued at $887,000 after acquiring an additional 189,100 shares during the period. Institutional investors and hedge funds own 25.14% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & Ratings for Harmony Gold Mining Company Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harmony Gold Mining Company Limited and related companies with MarketBeat.com's FREE daily email newsletter.