Harmony Gold Mining (NYSE:HMY) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Harmony Gold Mining (NYSE:HMY) from a strong-buy rating to a buy rating in a research report report published on Saturday morning.

Other analysts also recently issued reports about the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a research report on Thursday, January 22nd. Zacks Research cut shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Harmony Gold Mining presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Harmony Gold Mining Price Performance

Shares of NYSE:HMY opened at $15.29 on Friday. The business has a fifty day moving average price of $21.03 and a 200-day moving average price of $19.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54. Harmony Gold Mining has a 1-year low of $11.98 and a 1-year high of $26.06.

Institutional Investors Weigh In On Harmony Gold Mining

Several institutional investors have recently modified their holdings of the business. Ballentine Partners LLC increased its holdings in Harmony Gold Mining by 5.0% in the 4th quarter. Ballentine Partners LLC now owns 12,859 shares of the mining company’s stock worth $256,000 after buying an additional 607 shares in the last quarter. Shilanski & Associates Inc. lifted its stake in Harmony Gold Mining by 3.0% during the 3rd quarter. Shilanski & Associates Inc. now owns 22,909 shares of the mining company’s stock valued at $416,000 after acquiring an additional 670 shares during the period. Signaturefd LLC lifted its stake in Harmony Gold Mining by 5.6% during the 3rd 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 period. Compound Planning Inc. boosted its holdings in shares of Harmony Gold Mining by 3.5% during the 3rd quarter. Compound Planning Inc. now owns 26,673 shares of the mining company’s stock valued at $484,000 after acquiring an additional 913 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in shares of Harmony Gold Mining by 4.6% during the 2nd quarter. Personal CFO Solutions LLC now owns 22,767 shares of the mining company’s stock valued at $318,000 after acquiring an additional 993 shares during the last quarter. 31.79% of the stock is owned by hedge funds and other 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.