StockNews.com upgraded shares of Harmony Gold Mining (NYSE:HMY - Free Report) from a hold rating to a buy rating in a research note issued to investors on Friday.
Separately, JPMorgan Chase & Co. boosted 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.
Get Our Latest Analysis on Harmony Gold Mining
Harmony Gold Mining Price Performance
Shares of HMY traded up $1.00 on Friday, hitting $11.85. The company's stock had a trading volume of 10,402,839 shares, compared to its average volume of 5,170,228. The company has a market capitalization of $7.52 billion, a PE ratio of 7.01, a PEG ratio of 0.63 and a beta of 1.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. Harmony Gold Mining has a fifty-two week low of $7.15 and a fifty-two week high of $12.49. 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 large investors have recently bought and sold shares of HMY. Hara Capital LLC acquired a new position in Harmony Gold Mining during the 3rd quarter worth $38,000. Assetmark Inc. bought a new stake in shares of Harmony Gold Mining in the 3rd quarter valued at $501,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Harmony Gold Mining in the 3rd quarter valued at $210,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Harmony Gold Mining in the 3rd quarter valued at $192,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Harmony Gold Mining by 27.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,263 shares of the mining company's stock valued at $8,057,000 after buying an additional 170,175 shares in the last quarter. Institutional investors and hedge funds own 31.79% of the company's stock.
About Harmony Gold Mining
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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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