Harmony Gold Mining (NYSE:HMY) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Harmony Gold Mining (NYSE:HMY – Get Rating) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the mining company’s stock.

Separately, HSBC lowered shares of Harmony Gold Mining from a hold rating to a reduce rating in a research report on Monday, January 30th.

Harmony Gold Mining Price Performance

Harmony Gold Mining stock opened at $3.77 on Thursday. Harmony Gold Mining has a 52 week low of $1.93 and a 52 week high of $5.40. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $3.46 and its 200 day simple moving average is $3.14.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HMY. Envestnet Asset Management Inc. acquired a new position in Harmony Gold Mining in the 1st quarter valued at about $182,000. JPMorgan Chase & Co. raised its stake in Harmony Gold Mining by 3.6% in the 1st quarter. JPMorgan Chase & Co. now owns 655,791 shares of the mining company’s stock valued at $3,299,000 after purchasing an additional 22,584 shares during the last quarter. Raymond James & Associates acquired a new position in Harmony Gold Mining in the 1st quarter valued at about $156,000. Bank of New York Mellon Corp acquired a new position in Harmony Gold Mining in the 1st quarter valued at about $67,000. Finally, Private Advisor Group LLC acquired a new position in shares of Harmony Gold Mining during the 1st quarter valued at about $71,000. Institutional investors and hedge funds own 36.50% of the company’s stock.

About Harmony Gold Mining

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Harmony Gold Mining Co Ltd. engages in mining and exploration of gold. It involves building mines, open-pit operation, sales and financial management, land rehabilitation and mine closure. It operates through the following segments: Tshepong Operations, Moab Khotsong, Mponeng, Bambanani, Doornkop, Joel, Target 1, Kusasalethu, Masimong, South African Surface Operations, Mine Waste Solutions, Kalgold, and Hidden Valley.