Harmony Gold Mining (NYSE:HMY) Sets New 52-Week High - Still a Buy?

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $12.44 and last traded at $12.32, with a volume of 561331 shares traded. The stock had previously closed at $12.00.

Analysts Set New Price Targets

Several research firms have issued reports on HMY. Bank of America initiated coverage on Harmony Gold Mining in a research note on Monday, October 21st. They issued a "neutral" rating on the stock. StockNews.com cut Harmony Gold Mining from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th.

Harmony Gold Mining Trading Up 0.3 %

The company's fifty day simple moving average is $9.64 and its two-hundred day simple moving average is $9.86. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Harmony Gold Mining

Several institutional investors and hedge funds have recently modified their holdings of HMY. Consolidated Portfolio Review Corp bought a new stake in shares of Harmony Gold Mining during the 3rd quarter valued at $1,187,000. Public Employees Retirement System of Ohio acquired a new position in Harmony Gold Mining in the third quarter valued at about $1,412,000. HighTower Advisors LLC lifted its position in Harmony Gold Mining by 298.5% during the third quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company's stock worth $525,000 after purchasing an additional 39,237 shares during the period. Caprock Group LLC acquired a new stake in Harmony Gold Mining during the fourth quarter worth about $188,000. Finally, Sanctuary Advisors LLC bought a new position in Harmony Gold Mining in the 3rd quarter valued at about $1,526,000. 31.79% of the stock is currently 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.