Harmony Gold Mining Co. (NYSE:HMY) has earned a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company.
A number of equities analysts recently issued reports on HMY shares. Zacks Investment Research upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. ValuEngine lowered Harmony Gold Mining from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. Finally, Macquarie lowered Harmony Gold Mining from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 28th.
HMY stock traded down $0.14 during midday trading on Friday, reaching $1.67. The stock had a trading volume of 3,366,200 shares, compared to its average volume of 4,477,880. The firm has a market capitalization of $818.30 million, a price-to-earnings ratio of 13.17 and a beta of -2.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.16 and a quick ratio of 0.67. Harmony Gold Mining has a 52-week low of $1.42 and a 52-week high of $2.53.
A number of institutional investors and hedge funds have recently made changes to their positions in HMY. First Allied Advisory Services Inc. acquired a new stake in Harmony Gold Mining during the 1st quarter worth about $102,000. CIBC World Markets Inc. acquired a new stake in Harmony Gold Mining during the 1st quarter worth about $111,000. Cubist Systematic Strategies LLC acquired a new stake in Harmony Gold Mining during the 1st quarter worth about $305,000. Financial Gravity Wealth Inc. acquired a new stake in Harmony Gold Mining during the 1st quarter worth about $559,000. Finally, Bank of Montreal Can acquired a new stake in Harmony Gold Mining during the 2nd quarter worth about $889,000. 28.47% of the stock is currently owned by institutional investors.
Harmony Gold Mining Company Profile
Harmony Gold Mining Company Limited engages in the exploration and mining of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various other surface operations in South Africa. The company owns interests in the Hidden Valley, an open-pit gold and silver mine; the Wafi Golpu project in Morobe province; and the Kili Teke gold-copper exploration project in Papua New Guinea.
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