Wall Street Zen Downgrades Harmony Gold Mining (NYSE:HMY) to Hold

Harmony Gold Mining (NYSE:HMY) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities analysts also recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th. Morgan Stanley raised shares of Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. Finally, Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Harmony Gold Mining Trading Down 0.1%

Shares of NYSE:HMY opened at $15.74 on Friday. The company’s fifty day moving average is $15.95 and its 200-day moving average is $17.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54. Harmony Gold Mining has a 52 week low of $12.58 and a 52 week high of $26.06.

Hedge Funds Weigh In On Harmony Gold Mining

Large investors have recently modified their holdings of the stock. Ballentine Partners LLC increased its holdings in shares of Harmony Gold Mining by 5.0% in the fourth quarter. Ballentine Partners LLC now owns 12,859 shares of the mining company’s stock valued at $256,000 after purchasing an additional 607 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Harmony Gold Mining by 7.6% during the 2nd quarter. GAMMA Investing LLC now owns 9,548 shares of the mining company’s stock worth $145,000 after buying an additional 678 shares in the last quarter. Parallel Advisors LLC boosted its position in Harmony Gold Mining by 15.5% in the 1st quarter. Parallel Advisors LLC now owns 6,364 shares of the mining company’s stock valued at $98,000 after buying an additional 852 shares during the last quarter. Vise Technologies Inc. boosted its position in Harmony Gold Mining by 4.5% in the 4th quarter. Vise Technologies Inc. now owns 24,002 shares of the mining company’s stock valued at $478,000 after buying an additional 1,030 shares during the last quarter. Finally, Personal CFO Solutions LLC boosted its position in Harmony Gold Mining by 4.9% in the 4th quarter. Personal CFO Solutions LLC now owns 23,980 shares of the mining company’s stock valued at $477,000 after buying an additional 1,127 shares during the last quarter. 31.79% of the stock is currently owned by institutional investors and hedge funds.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.