Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) shares shot up 7.8% on Friday . The company traded as high as $11.59 and last traded at $11.70. 696,249 shares changed hands during trading, a decline of 86% from the average session volume of 5,136,710 shares. The stock had previously closed at $10.85.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on HMY shares. JPMorgan Chase & Co. increased their price objective on Harmony Gold Mining from $8.20 to $8.40 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. StockNews.com upgraded Harmony Gold Mining from a "hold" rating to a "buy" rating in a research report on Friday.
Read Our Latest Research Report on HMY
Harmony Gold Mining Trading Up 9.2 %
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 firm has a market cap of $7.52 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 0.63 and a beta of 1.85. The company has a 50-day moving average price of $10.42 and a 200 day moving average price of $10.01.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp raised its holdings in 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 acquiring an additional 171,136 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in shares of Harmony Gold Mining during the 4th quarter valued at about $539,000. GTS Securities LLC acquired a new stake in shares of Harmony Gold Mining during the 4th quarter valued at about $492,000. Vise Technologies Inc. acquired a new stake in shares of Harmony Gold Mining during the 4th quarter valued at about $130,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Harmony Gold Mining during the 4th quarter valued at about $279,000. Institutional investors own 31.79% of the company's stock.
About Harmony Gold Mining
(
Get Free Report)
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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