Harmony Gold Mining Company Limited (NYSE:HMY) Given Consensus Rating of “Moderate Buy” by Analysts

Harmony Gold Mining Company Limited (NYSE:HMY) has earned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $16.00.

A number of analysts have recently commented on the stock. Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Wall Street Zen lowered shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th.

Harmony Gold Mining Price Performance

Shares of NYSE HMY opened at $15.53 on Monday. Harmony Gold Mining has a 1 year low of $12.58 and a 1 year high of $26.06. The firm has a 50-day moving average of $16.76 and a 200 day moving average of $18.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38.

Institutional Trading of Harmony Gold Mining

Large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of Harmony Gold Mining in the fourth quarter worth approximately $26,000. TD Private Client Wealth LLC bought a new stake in Harmony Gold Mining during the fourth quarter valued at approximately $26,000. Advisory Services Network LLC bought a new stake in Harmony Gold Mining during the third quarter valued at approximately $25,000. Assetmark Inc. grew its position in Harmony Gold Mining by 907.5% during the third quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock valued at $32,000 after buying an additional 1,579 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Harmony Gold Mining during the fourth quarter valued at approximately $36,000. 31.79% of the stock is currently owned by institutional investors.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.