Harmony Gold Mining Company Limited (NYSE:HMY) Receives Average Rating of “Moderate Buy” from Brokerages

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

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 14th. Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a research report on Thursday, January 22nd. Finally, Zacks Research cut Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th.

Harmony Gold Mining Trading Down 8.2%

Shares of NYSE:HMY opened at $14.57 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. The firm has a 50 day simple moving average of $20.79 and a 200 day simple moving average of $19.05. Harmony Gold Mining has a one year low of $12.38 and a one year high of $26.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new position in Harmony Gold Mining in the 4th quarter valued at approximately $26,000. TD Private Client Wealth LLC bought a new stake in Harmony Gold Mining during the 4th quarter worth approximately $26,000. Advisory Services Network LLC acquired a new position in Harmony Gold Mining in the 3rd quarter valued at approximately $25,000. Assetmark Inc. increased its position in Harmony Gold Mining by 907.5% in the 3rd quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock valued at $32,000 after acquiring an additional 1,579 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Harmony Gold Mining during the fourth quarter valued at $36,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

About Harmony Gold Mining

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.