Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $11.27, but opened at $11.64. Harmony Gold Mining shares last traded at $11.68, with a volume of 1,680,836 shares.
Analysts Set New Price Targets
Several brokerages recently issued reports on HMY. Bank of America began coverage on shares of Harmony Gold Mining in a research report on Monday, October 21st. They set a "neutral" rating for the company. StockNews.com lowered Harmony Gold Mining from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their target price on Harmony Gold Mining from $8.20 to $8.40 and gave the stock a "neutral" rating in a report on Tuesday, November 12th.
View Our Latest Research Report on Harmony Gold Mining
Harmony Gold Mining Stock Up 2.0 %
The company's fifty day moving average is $9.34 and its 200-day moving average is $9.75. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04.
Institutional Trading of Harmony Gold Mining
Several institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP purchased a new stake in Harmony Gold Mining in the 2nd quarter worth $358,000. Creative Planning boosted its stake in shares of Harmony Gold Mining by 20.6% in the second quarter. Creative Planning now owns 57,625 shares of the mining company's stock worth $528,000 after acquiring an additional 9,859 shares during the period. Cetera Investment Advisers grew its position in shares of Harmony Gold Mining by 32.8% during the second quarter. Cetera Investment Advisers now owns 340,954 shares of the mining company's stock worth $3,127,000 after purchasing an additional 84,258 shares in the last quarter. Aprio Wealth Management LLC bought a new stake in Harmony Gold Mining during the 3rd quarter valued at approximately $191,000. Finally, Atomi Financial Group Inc. lifted its holdings in Harmony Gold Mining by 22.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 21,902 shares of the mining company's stock worth $223,000 after purchasing an additional 4,042 shares in the last quarter. 31.79% of the stock is currently owned by 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.
Further Reading
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