Harmony Gold Mining (NYSE:HMY) Stock Price Up 0.6%

Harmony Gold Mining Company Limited (NYSE:HMYGet Rating)’s share price rose 0.6% during mid-day trading on Thursday . The stock traded as high as $3.22 and last traded at $3.20. Approximately 175,269 shares traded hands during trading, a decline of 98% from the average daily volume of 7,165,506 shares. The stock had previously closed at $3.18.

HMY has been the topic of several research reports. Investec upgraded shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Tuesday, March 1st. StockNews.com lowered shares of Harmony Gold Mining from a “hold” rating to a “sell” rating in a research note on Tuesday, May 31st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Harmony Gold Mining from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, April 4th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, Harmony Gold Mining presently has a consensus rating of “Hold” and a consensus target price of $4.00.

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.06 and a current ratio of 1.50. The stock’s 50 day moving average price is $3.89 and its 200-day moving average price is $4.10.

A number of large investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its stake in Harmony Gold Mining by 49.6% in the first quarter. Quadrant Capital Group LLC now owns 7,918 shares of the mining company’s stock worth $39,000 after acquiring an additional 2,626 shares during the period. Sei Investments Co. lifted its stake in Harmony Gold Mining by 0.8% in the fourth quarter. Sei Investments Co. now owns 396,303 shares of the mining company’s stock worth $1,628,000 after acquiring an additional 3,076 shares during the period. Guggenheim Capital LLC lifted its stake in Harmony Gold Mining by 1.2% in the first quarter. Guggenheim Capital LLC now owns 415,938 shares of the mining company’s stock worth $2,092,000 after acquiring an additional 4,789 shares during the period. First Trust Advisors LP lifted its stake in Harmony Gold Mining by 14.8% in the fourth quarter. First Trust Advisors LP now owns 41,445 shares of the mining company’s stock worth $170,000 after acquiring an additional 5,331 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Harmony Gold Mining by 27.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 26,006 shares of the mining company’s stock worth $106,000 after purchasing an additional 5,572 shares in the last quarter. 22.65% of the stock is owned by institutional investors.

Harmony Gold Mining Company Profile (NYSE:HMY)

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. It also explores for uranium, silver, copper, and molybdenum deposits. The company has nine underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface treatment operations in South Africa.

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