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

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

Several equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Finally, Zacks Research lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th.

Harmony Gold Mining Stock Performance

HMY opened at $21.01 on Tuesday. The stock has a fifty day moving average price of $21.34 and a 200 day moving average price of $18.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41. Harmony Gold Mining has a 1 year low of $9.69 and a 1 year high of $26.06.

Institutional Trading of Harmony Gold Mining

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in shares of Harmony Gold Mining during the 3rd quarter valued at about $25,000. Colonial Trust Advisors acquired a new position in Harmony Gold Mining during the second quarter valued at approximately $26,000. TD Private Client Wealth LLC bought a new position in shares of Harmony Gold Mining in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Harmony Gold Mining in the fourth quarter valued at approximately $26,000. Finally, Assetmark Inc. lifted its stake in shares of Harmony Gold Mining by 907.5% in the third quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock worth $32,000 after buying an additional 1,579 shares during the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

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.