Harmony Gold Mining (NYSE:HMY) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other equities analysts also recently issued reports on HMY. Bank of America downgraded Harmony Gold Mining from a “buy” rating to a “neutral” rating in a research report on Friday, October 20th. BidaskClub cut Harmony Gold Mining from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Deutsche Bank raised Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Harmony Gold Mining has an average rating of “Hold”.

Shares of Harmony Gold Mining (HMY) traded down $0.01 during mid-day trading on Friday, reaching $1.83. The company’s stock had a trading volume of 1,770,000 shares, compared to its average volume of 2,125,611. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.28 and a quick ratio of 0.99. Harmony Gold Mining has a 12 month low of $1.56 and a 12 month high of $2.99.

A number of large investors have recently made changes to their positions in the stock. Virtu Financial LLC raised its holdings in Harmony Gold Mining by 226.6% during the third quarter. Virtu Financial LLC now owns 177,931 shares of the mining company’s stock worth $129,000 after purchasing an additional 123,454 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Harmony Gold Mining during the third quarter worth approximately $201,000. U S Global Investors Inc. increased its holdings in shares of Harmony Gold Mining by 14.3% in the third quarter. U S Global Investors Inc. now owns 476,500 shares of the mining company’s stock valued at $871,000 after buying an additional 59,608 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Harmony Gold Mining by 419.9% in the third quarter. Jane Street Group LLC now owns 1,612,863 shares of the mining company’s stock valued at $2,952,000 after buying an additional 1,302,658 shares in the last quarter. Finally, Allianz Asset Management GmbH bought a new position in shares of Harmony Gold Mining in the third quarter valued at $1,353,000. 25.27% of the stock is currently owned by hedge funds and other institutional investors.

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About Harmony Gold Mining

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.

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