StockNews.com cut shares of Harmony Gold Mining (NYSE:HMY - Free Report) from a buy rating to a hold rating in a report issued on Wednesday morning.
Several other research firms have also recently weighed in on HMY. JPMorgan Chase & Co. increased 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. Bank of America initiated coverage on Harmony Gold Mining in a report on Monday, October 21st. They set a "neutral" rating for the company.
Check Out Our Latest Stock Report on Harmony Gold Mining
Harmony Gold Mining Stock Down 0.7 %
Shares of Harmony Gold Mining stock traded down $0.08 during midday trading on Wednesday, reaching $11.27. The company had a trading volume of 8,684,503 shares, compared to its average volume of 6,790,505. The stock has a fifty day moving average price of $9.18 and a 200 day moving average price of $9.72. 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 $5.41 and a fifty-two week high of $12.29.
Institutional Trading of Harmony Gold Mining
Several large investors have recently modified their holdings of HMY. Hara Capital LLC bought a new position in Harmony Gold Mining during the third quarter worth $38,000. Grove Bank & Trust raised its holdings in shares of Harmony Gold Mining by 400.0% during the fourth quarter. Grove Bank & Trust now owns 5,000 shares of the mining company's stock valued at $41,000 after purchasing an additional 4,000 shares during the period. International Assets Investment Management LLC bought a new position in shares of Harmony Gold Mining during the 3rd quarter worth about $1,035,000. Alliance Wealth Advisors LLC UT acquired a new stake in shares of Harmony Gold Mining in the 4th quarter valued at about $88,000. Finally, Ground Swell Capital LLC bought a new stake in Harmony Gold Mining in the 3rd quarter valued at about $115,000. Institutional investors and hedge funds own 31.79% of the company's stock.
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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