Harmony Gold Mining Co. (NYSE:HMY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $3.05, but opened at $2.97. Harmony Gold Mining shares last traded at $2.94, with a volume of 8,029,170 shares traded.

A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Harmony Gold Mining from a “sell” rating to a “hold” rating and set a $2.50 price target on the stock in a research note on Friday, June 28th. ValuEngine upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Friday, June 14th.

The stock’s 50 day moving average is $2.60 and its two-hundred day moving average is $2.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.38 and a quick ratio of 0.84. The stock has a market capitalization of $1.33 billion, a PE ratio of 22.62 and a beta of -1.30.

Several hedge funds have recently added to or reduced their stakes in HMY. Polunin Capital Partners Ltd purchased a new stake in shares of Harmony Gold Mining during the second quarter worth approximately $5,060,000. Walleye Trading Advisors LLC purchased a new stake in shares of Harmony Gold Mining during the second quarter worth approximately $143,000. Walleye Trading LLC purchased a new stake in shares of Harmony Gold Mining during the second quarter worth approximately $136,000. United Services Automobile Association raised its stake in shares of Harmony Gold Mining by 79.6% during the second quarter. United Services Automobile Association now owns 468,438 shares of the mining company’s stock worth $1,063,000 after purchasing an additional 207,568 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Harmony Gold Mining during the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

Harmony Gold Mining Company Profile (NYSE:HMY)

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing 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 surface treatment operations in South Africa.

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