Harmony Gold Mining (NYSE:HMY) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Harmony Gold Mining (NYSE:HMY) from a hold rating to a buy rating in a research note published on Sunday morning,Wall Street Zen reports.

A number of other research analysts also recently issued reports on HMY. Weiss Ratings restated a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th. Zacks Research upgraded Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Harmony Gold Mining Stock Up 0.0%

Shares of NYSE:HMY opened at $20.28 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.84 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $17.74 and a 200-day moving average price of $17.31. Harmony Gold Mining has a 12 month low of $13.03 and a 12 month high of $26.06.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Barometer Capital Management Inc. lifted its holdings in shares of Harmony Gold Mining by 1,118.8% during the first quarter. Barometer Capital Management Inc. now owns 117,000 shares of the mining company’s stock valued at $1,764,000 after purchasing an additional 107,400 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Harmony Gold Mining in the 4th quarter worth approximately $1,815,000. U S Global Investors Inc. grew its stake in shares of Harmony Gold Mining by 49.4% in the 1st quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company’s stock worth $6,116,000 after buying an additional 131,538 shares during the last quarter. Assetmark Inc. grew its stake in shares of Harmony Gold Mining by 4,535.7% in the 1st quarter. Assetmark Inc. now owns 271,653 shares of the mining company’s stock worth $4,175,000 after buying an additional 265,793 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in Harmony Gold Mining by 75.0% during the 1st quarter. Quantinno Capital Management LP now owns 124,760 shares of the mining company’s stock valued at $1,918,000 after buying an additional 53,466 shares in the last quarter. 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.