Harmony Gold Mining (HMY) Downgraded by ValuEngine
ValuEngine downgraded shares of Harmony Gold Mining (NYSE:HMY) from a sell rating to a strong sell rating in a report issued on Wednesday morning.
Separately, Zacks Investment Research raised Harmony Gold Mining from a sell rating to a hold rating in a report on Tuesday, May 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $2.50.
Shares of NYSE HMY traded up $0.05 during midday trading on Wednesday, reaching $1.49. 7,389,415 shares of the company were exchanged, compared to its average volume of 4,621,663. The company has a quick ratio of 1.61, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. Harmony Gold Mining has a 1 year low of $1.42 and a 1 year high of $2.53. The firm has a market cap of $724.91 million, a P/E ratio of 7.10 and a beta of -1.96.
About Harmony Gold Mining
Harmony Gold Mining Company Limited engages in the exploration and mining of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various other surface operations in South Africa. The company owns interests in the Hidden Valley, an open-pit gold and silver mine; the Wafi Golpu project in Morobe province; and the Kili Teke gold-copper exploration project in Papua New Guinea.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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