Harmony Gold Mining (NYSE:HMY) Rating Lowered to Hold at StockNews.com

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

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

Harmony Gold Mining Stock Performance

Shares of NYSE:HMY opened at $10.89 on Wednesday. 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 business’s 50 day simple moving average is $9.08 and its 200 day simple moving average is $9.68. Harmony Gold Mining has a 1 year low of $5.41 and a 1 year high of $12.29.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HMY. Alliance Wealth Advisors LLC UT acquired a new position in Harmony Gold Mining during the 4th quarter worth approximately $88,000. Caprock Group LLC acquired a new position in shares of Harmony Gold Mining during the fourth quarter worth $188,000. Pacer Advisors Inc. grew its position in Harmony Gold Mining by 14.2% during the 4th quarter. Pacer Advisors Inc. now owns 39,586 shares of the mining company’s stock worth $325,000 after acquiring an additional 4,916 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Harmony Gold Mining by 35.6% during the fourth quarter. Blue Trust Inc. now owns 54,288 shares of the mining company’s stock valued at $446,000 after purchasing an additional 14,266 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Harmony Gold Mining by 3.8% in the fourth quarter. SG Americas Securities LLC now owns 52,524 shares of the mining company’s stock valued at $431,000 after buying an additional 1,919 shares during the period. Institutional investors 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.