Harmony Gold Mining Co. (HMY) Receives Average Recommendation of “Hold” from Analysts

Shares of Harmony Gold Mining Co. (NYSE:HMY) have been given a consensus recommendation of “Hold” by the six analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company.

HMY has been the subject of a number of recent analyst reports. Zacks Investment Research raised Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Thursday, May 31st. ValuEngine cut Harmony Gold Mining from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Finally, Macquarie cut Harmony Gold Mining from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 28th.

Shares of Harmony Gold Mining stock traded up $0.03 during midday trading on Friday, hitting $1.88. 30,000 shares of the company were exchanged, compared to its average volume of 3,601,492. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.16 and a quick ratio of 0.67. The company has a market capitalization of $831.64 million, a PE ratio of 14.54 and a beta of -2.09. Harmony Gold Mining has a 52 week low of $1.42 and a 52 week high of $2.53.

A number of hedge funds have recently added to or reduced their stakes in the stock. First Allied Advisory Services Inc. acquired a new stake in Harmony Gold Mining during the 1st quarter valued at $102,000. CIBC World Markets Inc. acquired a new stake in shares of Harmony Gold Mining in the 1st quarter valued at $111,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Harmony Gold Mining in the 1st quarter valued at $305,000. Commerzbank Aktiengesellschaft FI increased its stake in shares of Harmony Gold Mining by 11.1% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,315,579 shares of the mining company’s stock valued at $2,052,000 after buying an additional 131,285 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Harmony Gold Mining by 9.4% in the 1st quarter. Wells Fargo & Company MN now owns 1,863,591 shares of the mining company’s stock valued at $4,454,000 after buying an additional 159,932 shares during the period. 28.47% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited engages in the exploration and mining of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various other surface operations in South Africa. The company owns interests in the Hidden Valley, an open-pit gold and silver mine; the Wafi Golpu project in Morobe province; and the Kili Teke gold-copper exploration project in Papua New Guinea.

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