Harmony Gold Mining (NYSE:HMY) Upgraded at StockNews.com

StockNews.com upgraded shares of Harmony Gold Mining (NYSE:HMY) from a hold rating to a buy rating in a report released on Tuesday morning.

Other research analysts also recently issued reports about the company. Bank of America initiated coverage on Harmony Gold Mining in a research note on Monday, October 21st. They set a “neutral” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a report on Tuesday, November 12th.

Harmony Gold Mining Stock Performance

NYSE:HMY opened at $10.21 on Tuesday. The firm has a 50 day moving average of $8.91 and a 200 day moving average of $9.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. Harmony Gold Mining has a 52 week low of $5.41 and a 52 week high of $12.29.

Hedge Funds Weigh In On Harmony Gold Mining

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hara Capital LLC purchased a new stake in Harmony Gold Mining in the third quarter valued at $38,000. Grove Bank & Trust increased its holdings in Harmony Gold Mining by 400.0% in the fourth quarter. Grove Bank & Trust now owns 5,000 shares of the mining company’s stock valued at $41,000 after buying an additional 4,000 shares in the last quarter. Wallace Advisory Group LLC purchased a new stake in shares of Harmony Gold Mining during the 2nd quarter worth about $94,000. International Assets Investment Management LLC acquired a new stake in shares of Harmony Gold Mining during the 3rd quarter valued at about $1,035,000. Finally, Ground Swell Capital LLC purchased a new position in Harmony Gold Mining during the third quarter worth approximately $115,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.