Harmony Gold Mining (NYSE:HMY) Reaches New 52-Week High – Here’s What Happened

Harmony Gold Mining Company Limited (NYSE:HMY) reached a new 52-week high during trading on Monday . The company traded as high as $12.44 and last traded at $12.32, with a volume of 561331 shares changing hands. The stock had previously closed at $12.00.

Analysts Set New Price Targets

HMY has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Bank of America initiated coverage on shares of Harmony Gold Mining in a research note on Monday, October 21st. They issued a “neutral” rating for the company. Finally, StockNews.com cut shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th.

Harmony Gold Mining Trading Up 2.1 %

The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average price is $9.46 and its 200-day moving average price is $9.79.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Consolidated Portfolio Review Corp acquired a new stake in shares of Harmony Gold Mining during the 3rd quarter worth about $1,187,000. Public Employees Retirement System of Ohio acquired a new stake in Harmony Gold Mining during the third quarter worth approximately $1,412,000. HighTower Advisors LLC grew its stake in Harmony Gold Mining by 298.5% in the 3rd quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company’s stock worth $525,000 after acquiring an additional 39,237 shares during the period. Sanctuary Advisors LLC acquired a new position in Harmony Gold Mining in the 3rd quarter valued at $1,526,000. Finally, Pacer Advisors Inc. lifted its stake in shares of 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 purchasing an additional 4,916 shares during the period. 31.79% of the stock is currently owned by institutional investors and hedge funds.

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.