Harmony Gold Mining (NYSE:HMY) Upgraded by Wall Street Zen to Strong-Buy Rating

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

HMY has been the subject of a number of other reports. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a research report on Wednesday, October 8th. Hsbc Global Res upgraded shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Zacks Research cut shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. HSBC raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Finally, Investec raised Harmony Gold Mining to a “hold” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have 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 a consensus rating of “Moderate Buy” and an average price target of $16.00.

Harmony Gold Mining Stock Down 0.7%

NYSE:HMY opened at $21.80 on Friday. The business’s fifty day moving average price is $19.70 and its 200 day moving average price is $17.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41. Harmony Gold Mining has a 1-year low of $9.58 and a 1-year high of $22.98.

Institutional Trading of Harmony Gold Mining

Several large investors have recently made changes to their positions in HMY. Jones Financial Companies Lllp raised its stake in shares of Harmony Gold Mining by 210.4% in the 1st quarter. Jones Financial Companies Lllp now owns 18,165 shares of the mining company’s stock valued at $268,000 after acquiring an additional 12,312 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Harmony Gold Mining by 215.7% during the first quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after purchasing an additional 3,806,468 shares during the last quarter. Parallel Advisors LLC grew its holdings in Harmony Gold Mining by 16.7% during the second quarter. Parallel Advisors LLC now owns 5,494 shares of the mining company’s stock valued at $77,000 after purchasing an additional 788 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Harmony Gold Mining in the second quarter valued at approximately $7,245,000. Finally, GAMMA Investing LLC lifted its stake in shares of Harmony Gold Mining by 11.5% in the second quarter. GAMMA Investing LLC now owns 9,692 shares of the mining company’s stock worth $135,000 after buying an additional 1,003 shares during the last quarter. Institutional investors own 31.79% of the company’s stock.

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.