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

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $16.00.

A number of analysts have weighed in on the stock. Wall Street Zen upgraded shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Investec upgraded Harmony Gold Mining to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a research report on Wednesday, October 8th. HSBC raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Thursday, October 9th. Finally, Hsbc Global Res raised Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HMY. Shilanski & Associates Inc. grew its position in shares of Harmony Gold Mining by 3.0% in the 3rd quarter. Shilanski & Associates Inc. now owns 22,909 shares of the mining company’s stock valued at $416,000 after buying an additional 670 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Harmony Gold Mining by 16.7% in the second quarter. Parallel Advisors LLC now owns 5,494 shares of the mining company’s stock worth $77,000 after acquiring an additional 788 shares during the period. Signaturefd LLC boosted its holdings in Harmony Gold Mining by 5.6% in the third quarter. Signaturefd LLC now owns 16,323 shares of the mining company’s stock valued at $296,000 after acquiring an additional 867 shares during the last quarter. Compound Planning Inc. raised its holdings in shares of Harmony Gold Mining by 3.5% in the 3rd quarter. Compound Planning Inc. now owns 26,673 shares of the mining company’s stock worth $484,000 after acquiring an additional 913 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its holdings in shares of Harmony Gold Mining by 4.6% in the second quarter. Personal CFO Solutions LLC now owns 22,767 shares of the mining company’s stock valued at $318,000 after purchasing an additional 993 shares in the last quarter. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Price Performance

HMY opened at $23.01 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72. The company’s 50 day moving average is $20.07 and its 200-day moving average is $17.47. Harmony Gold Mining has a 1-year low of $9.69 and a 1-year high of $23.80.

Harmony Gold Mining Company Profile

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.