Harmony Gold Mining (NYSE:HMY) Stock Rating Upgraded by StockNews.com

Harmony Gold Mining (NYSE:HMY) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

A number of other brokerages also recently commented on HMY. JPMorgan Chase & Co. increased their price objective on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Bank of America assumed coverage on Harmony Gold Mining in a report on Monday, October 21st. They issued a “neutral” rating for the company.

Harmony Gold Mining Stock Up 0.6 %

HMY stock opened at $9.57 on Wednesday. Harmony Gold Mining has a 12 month low of $5.40 and a 12 month high of $12.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $10.31 and a 200 day simple moving average of $9.70.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HMY. Consolidated Portfolio Review Corp purchased a new position in shares of Harmony Gold Mining during the 3rd quarter valued at $1,187,000. Cetera Investment Advisers acquired a new position in Harmony Gold Mining in the 1st quarter worth about $2,097,000. Thrivent Financial for Lutherans purchased a new stake in shares of Harmony Gold Mining during the 2nd quarter worth about $1,141,000. Diversified Trust Co acquired a new stake in shares of Harmony Gold Mining during the 2nd quarter valued at about $93,000. Finally, Ritholtz Wealth Management grew its stake in shares of Harmony Gold Mining by 44.1% in the 3rd quarter. Ritholtz Wealth Management now owns 173,879 shares of the mining company’s stock valued at $1,768,000 after buying an additional 53,244 shares in the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

About Harmony Gold Mining

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.