Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $10.92, but opened at $10.19. Harmony Gold Mining shares last traded at $10.23, with a volume of 1,434,466 shares changing hands.
Analyst Ratings Changes
Several brokerages have commented on HMY. JPMorgan Chase & Co. upped their price objective on Harmony Gold Mining from $8.20 to $8.40 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. StockNews.com downgraded Harmony Gold Mining from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th.
Check Out Our Latest Stock Analysis on Harmony Gold Mining
Harmony Gold Mining Stock Up 0.7 %
The company has a 50-day simple moving average of $10.20 and a 200 day simple moving average of $10.00. The company has a market cap of $6.36 billion, a P/E ratio of 5.93, a P/E/G ratio of 0.63 and a beta of 1.75. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.
Institutional Investors Weigh In On Harmony Gold Mining
Several hedge funds have recently made changes to their positions in the company. Mackenzie Financial Corp lifted its holdings in shares of Harmony Gold Mining by 12.0% in the 4th quarter. Mackenzie Financial Corp now owns 1,599,913 shares of the mining company's stock worth $13,135,000 after buying an additional 171,136 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new stake in shares of Harmony Gold Mining in the 4th quarter worth $539,000. GTS Securities LLC purchased a new stake in shares of Harmony Gold Mining during the 4th quarter worth $492,000. Vise Technologies Inc. purchased a new stake in shares of Harmony Gold Mining during the 4th quarter worth $130,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Harmony Gold Mining during the 4th quarter worth $279,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.
Harmony Gold Mining Company Profile
(
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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.
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