Harmony Gold Mining Company Limited (NYSE:HMY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Harmony Gold Mining Company Limited (NYSE:HMY) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $16.00.

A number of brokerages have recently weighed in on HMY. Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. Wall Street Zen downgraded shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Zacks Research raised shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th.

Hedge Funds Weigh In On Harmony Gold Mining

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ballentine Partners LLC lifted its stake in shares of Harmony Gold Mining by 5.0% in the 4th quarter. Ballentine Partners LLC now owns 12,859 shares of the mining company’s stock worth $256,000 after purchasing an additional 607 shares during the period. Parallel Advisors LLC grew its holdings in shares of Harmony Gold Mining by 15.5% in the first quarter. Parallel Advisors LLC now owns 6,364 shares of the mining company’s stock valued at $98,000 after purchasing an additional 852 shares in the last quarter. Compound Planning Inc. lifted its position in Harmony Gold Mining by 3.5% in the third quarter. Compound Planning Inc. now owns 26,673 shares of the mining company’s stock worth $484,000 after buying an additional 913 shares during the last quarter. Vise Technologies Inc. lifted its position in shares of Harmony Gold Mining by 4.5% during the fourth quarter. Vise Technologies Inc. now owns 24,002 shares of the mining company’s stock worth $478,000 after purchasing an additional 1,030 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its position in shares of Harmony Gold Mining by 4.9% during the fourth quarter. Personal CFO Solutions LLC now owns 23,980 shares of the mining company’s stock worth $477,000 after purchasing an additional 1,127 shares during the last quarter. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Trading Up 2.7%

HMY stock opened at $15.53 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. Harmony Gold Mining has a one year low of $12.58 and a one year high of $26.06. The firm has a 50 day simple moving average of $16.76 and a two-hundred day simple moving average of $18.58.

Harmony Gold Mining Company Profile

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.