Harmony Gold Mining Company Limited (HMY) Cut to “Neutral” at Bank of America Corporation

Harmony Gold Mining Company Limited (NYSE:HMY) was downgraded by equities researchers at Bank of America Corporation from a “buy” rating to a “neutral” rating in a note issued to investors on Friday.

HMY has been the subject of a number of other reports. BidaskClub downgraded Harmony Gold Mining Company Limited from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Deutsche Bank AG upgraded Harmony Gold Mining Company Limited from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, ValuEngine upgraded Harmony Gold Mining Company Limited from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold”.

Shares of Harmony Gold Mining Company Limited (HMY) opened at 1.69 on Friday. The stock’s 50 day moving average price is $1.92 and its 200 day moving average price is $1.97. The firm has a market capitalization of $741.40 million, a price-to-earnings ratio of 27.70 and a beta of -1.97. Harmony Gold Mining Company Limited has a one year low of $1.56 and a one year high of $3.51.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers acquired a new position in Harmony Gold Mining Company Limited during the second quarter valued at approximately $103,000. U S Global Investors Inc. boosted its position in Harmony Gold Mining Company Limited by 11.2% during the second quarter. U S Global Investors Inc. now owns 416,892 shares of the mining company’s stock valued at $694,000 after purchasing an additional 41,892 shares during the last quarter. Sensato Investors LLC boosted its position in Harmony Gold Mining Company Limited by 454.3% during the second quarter. Sensato Investors LLC now owns 2,007,298 shares of the mining company’s stock valued at $3,312,000 after purchasing an additional 1,645,198 shares during the last quarter. HighTower Advisors LLC acquired a new position in Harmony Gold Mining Company Limited during the second quarter valued at approximately $245,000. Finally, Wells Fargo & Company MN boosted its position in Harmony Gold Mining Company Limited by 39.8% during the second quarter. Wells Fargo & Company MN now owns 520,689 shares of the mining company’s stock valued at $859,000 after purchasing an additional 148,294 shares during the last quarter. 25.09% of the stock is owned by hedge funds and other institutional investors.

About Harmony Gold Mining Company Limited

Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company’s segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3.

Analyst Recommendations for Harmony Gold Mining Company Limited (NYSE:HMY)

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