Harmony Gold Mining Company Limited (NYSE:HMY) was downgraded by equities research analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat.com reports.

Other equities research analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Harmony Gold Mining Company Limited from a “hold” rating to a “buy” rating in a research report on Thursday, September 7th. BidaskClub upgraded shares of Harmony Gold Mining Company Limited from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG upgraded shares of Harmony Gold Mining Company Limited from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Harmony Gold Mining Company Limited currently has an average rating of “Hold”.

Shares of Harmony Gold Mining Company Limited (NYSE HMY) traded down 1.78% during trading on Friday, hitting $1.66. 2,834,343 shares of the stock were exchanged. Harmony Gold Mining Company Limited has a 52-week low of $1.56 and a 52-week high of $3.51. The firm has a 50 day moving average of $1.91 and a 200-day moving average of $1.97. The stock has a market cap of $728.24 million, a PE ratio of 27.21 and a beta of -1.97.

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A number of hedge funds have recently bought and sold shares of HMY. Cetera Investment Advisers bought a new position in Harmony Gold Mining Company Limited during the second quarter valued at $103,000. JPMorgan Chase & Co. bought a new position in Harmony Gold Mining Company Limited during the second quarter valued at $128,000. Aperio Group LLC increased its position in Harmony Gold Mining Company Limited by 31.6% during the second quarter. Aperio Group LLC now owns 109,705 shares of the mining company’s stock valued at $181,000 after acquiring an additional 26,360 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Harmony Gold Mining Company Limited by 5,636.3% during the first quarter. Tower Research Capital LLC TRC now owns 77,670 shares of the mining company’s stock valued at $191,000 after acquiring an additional 76,316 shares during the last quarter. Finally, Two Sigma Securities LLC increased its position in Harmony Gold Mining Company Limited by 339.9% during the first quarter. Two Sigma Securities LLC now owns 79,208 shares of the mining company’s stock valued at $194,000 after acquiring an additional 61,202 shares during the last quarter. Institutional investors and hedge funds own 25.09% of the company’s stock.

Harmony Gold Mining Company Limited Company Profile

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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