Harmony Gold Mining (NYSE:HMY) Upgraded at Wall Street Zen

Harmony Gold Mining (NYSE:HMY) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

HMY has been the subject of a number of other research reports. Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a research report on Thursday, April 16th. Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Harmony Gold Mining presently has an average rating of “Moderate Buy”.

Harmony Gold Mining Stock Down 0.9%

Harmony Gold Mining stock opened at $14.65 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54. The business has a 50-day simple moving average of $16.26 and a 200 day simple moving average of $18.01. Harmony Gold Mining has a 52 week low of $12.58 and a 52 week high of $26.06.

Hedge Funds Weigh In On Harmony Gold Mining

Large investors have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position in Harmony Gold Mining by 210.4% in the 1st quarter. Jones Financial Companies Lllp now owns 18,165 shares of the mining company’s stock worth $268,000 after buying an additional 12,312 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Harmony Gold Mining by 215.7% in the first quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock worth $82,289,000 after buying an additional 3,806,468 shares in the last quarter. New York State Common Retirement Fund bought a new position in Harmony Gold Mining during the second quarter valued at approximately $171,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Harmony Gold Mining during the second quarter worth approximately $424,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Harmony Gold Mining by 13.9% during the second quarter. EverSource Wealth Advisors LLC now owns 10,516 shares of the mining company’s stock worth $147,000 after acquiring an additional 1,280 shares in the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

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.