Harmony Gold Mining (NYSE:HMY) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of Harmony Gold Mining (NYSE:HMY) from a buy rating to a hold rating in a research note published on Wednesday.

Several other brokerages also recently commented on HMY. Bank of America began coverage on Harmony Gold Mining in a research note on Monday, October 21st. They set a “neutral” rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research note on Tuesday, November 12th.

Harmony Gold Mining Stock Performance

Shares of HMY stock opened at $10.89 on Wednesday. Harmony Gold Mining has a one year low of $5.41 and a one year high of $12.29. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $9.08 and its 200 day simple moving average is $9.68.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Alliance Wealth Advisors LLC UT acquired a new stake in shares of Harmony Gold Mining in the 4th quarter valued at approximately $88,000. Caprock Group LLC bought a new stake in shares of Harmony Gold Mining in the 4th quarter valued at about $188,000. Pacer Advisors Inc. lifted its stake in Harmony Gold Mining by 14.2% in the 4th quarter. Pacer Advisors Inc. now owns 39,586 shares of the mining company’s stock valued at $325,000 after purchasing an additional 4,916 shares during the last quarter. Blue Trust Inc. increased its position in Harmony Gold Mining by 35.6% during the fourth quarter. Blue Trust Inc. now owns 54,288 shares of the mining company’s stock worth $446,000 after buying an additional 14,266 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Harmony Gold Mining by 3.8% in the fourth quarter. SG Americas Securities LLC now owns 52,524 shares of the mining company’s stock valued at $431,000 after buying an additional 1,919 shares during the last quarter. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.