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

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company.

Several brokerages have recently issued reports on HMY. Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Zacks Research upgraded Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday. Finally, Wall Street Zen raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Saturday.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HMY. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its stake in shares of Harmony Gold Mining by 15.7% during the 2nd quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 114,200 shares of the mining company’s stock valued at $1,737,000 after buying an additional 15,500 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Harmony Gold Mining in the second quarter worth about $152,000. GAMMA Investing LLC boosted its stake in shares of Harmony Gold Mining by 7.6% in the second quarter. GAMMA Investing LLC now owns 9,548 shares of the mining company’s stock worth $145,000 after buying an additional 678 shares during the last quarter. DV Trading LLC grew its holdings in Harmony Gold Mining by 1,181.7% during the first quarter. DV Trading LLC now owns 11,125 shares of the mining company’s stock worth $171,000 after acquiring an additional 10,257 shares during the period. Finally, Segall Bryant & Hamill LLC grew its holdings in Harmony Gold Mining by 16.0% during the first quarter. Segall Bryant & Hamill LLC now owns 35,500 shares of the mining company’s stock worth $546,000 after acquiring an additional 4,900 shares during the period. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Performance

Shares of HMY stock opened at $15.33 on Friday. The business has a fifty day moving average of $16.13 and a 200 day moving average of $17.92. Harmony Gold Mining has a 1 year low of $12.58 and a 1 year high of $26.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54.

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.