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

Harmony Gold Mining (NYSE:HMY) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other analysts also recently weighed in on HMY. Bank of America began coverage on Harmony Gold Mining in a research note on Monday, October 21st. They set a “neutral” rating for the company. 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.

Harmony Gold Mining Trading Up 1.4 %

Harmony Gold Mining stock opened at $9.20 on Thursday. The firm has a fifty day moving average price of $10.23 and a two-hundred day moving average price of $9.71. Harmony Gold Mining has a fifty-two week low of $5.40 and a fifty-two week 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.

Hedge Funds Weigh In On Harmony Gold Mining

Large investors have recently added to or reduced their stakes in the company. Hara Capital LLC bought a new stake in shares of Harmony Gold Mining during the third quarter valued at approximately $38,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Harmony Gold Mining in the 2nd quarter valued at $41,000. Diversified Trust Co bought a new position in shares of Harmony Gold Mining during the 2nd quarter worth about $93,000. Wallace Advisory Group LLC acquired a new stake in shares of Harmony Gold Mining during the 2nd quarter valued at about $94,000. Finally, Ballentine Partners LLC bought a new stake in Harmony Gold Mining in the second quarter valued at about $112,000. 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.