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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its position in Harmony Gold Mining by 39.7% in the 2nd quarter. Jane Street Group LLC now owns 754,163 shares of the mining company’s stock worth $1,176,000 after purchasing an additional 214,336 shares during the last quarter. Van ECK Associates Corp grew its position in Harmony Gold Mining by 7.9% in the 2nd quarter. Van ECK Associates Corp now owns 57,916,855 shares of the mining company’s stock worth $90,350,000 after purchasing an additional 4,243,563 shares during the last quarter. Renaissance Technologies LLC grew its position in Harmony Gold Mining by 173.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,991,500 shares of the mining company’s stock worth $3,107,000 after purchasing an additional 1,263,100 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its position in Harmony Gold Mining by 11.1% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,315,579 shares of the mining company’s stock worth $2,052,000 after purchasing an additional 131,285 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Harmony Gold Mining by 40.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,263,911 shares of the mining company’s stock worth $1,972,000 after purchasing an additional 366,161 shares during the last quarter. 30.50% of the stock is currently owned by hedge funds and other institutional investors.

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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