Harmony Gold Mining Company Limited (NYSE:HMY) Receives $16.00 Average Target Price from Analysts

Harmony Gold Mining Company Limited (NYSE:HMY) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $16.00.

Several analysts have recently issued reports on the stock. Zacks Research lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. FIL Ltd bought a new position in Harmony Gold Mining during the fourth quarter valued at about $111,182,000. Invesco Ltd. boosted its stake in Harmony Gold Mining by 12,337.7% in the second quarter. Invesco Ltd. now owns 4,795,844 shares of the mining company’s stock valued at $66,998,000 after acquiring an additional 4,757,285 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Harmony Gold Mining by 215.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after acquiring an additional 3,806,468 shares during the period. AQR Capital Management LLC increased its stake in shares of Harmony Gold Mining by 286.6% during the 2nd quarter. AQR Capital Management LLC now owns 3,961,141 shares of the mining company’s stock worth $54,248,000 after purchasing an additional 2,936,552 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Harmony Gold Mining by 7,504.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,306,431 shares of the mining company’s stock worth $41,862,000 after purchasing an additional 2,276,099 shares during the period. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Performance

HMY stock opened at $20.91 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72. Harmony Gold Mining has a twelve month low of $9.69 and a twelve month high of $26.06. The stock’s 50 day moving average is $21.35 and its 200-day moving average is $18.55.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.