Harmony Gold Mining Company Limited (NYSE:HMY) Given Average Rating of “Moderate Buy” by Analysts

Harmony Gold Mining Company Limited (NYSE:HMY) has been given an average recommendation of “Moderate Buy” by the five research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research firms recently issued reports on HMY. Weiss Ratings reissued a “buy (b-)” rating on shares of Harmony Gold Mining in a research report on Friday, July 17th. Morgan Stanley raised shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Finally, Wall Street Zen raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th.

Harmony Gold Mining Stock Performance

HMY opened at $15.50 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54. The business has a 50-day moving average of $16.06 and a two-hundred day moving average of $17.87. Harmony Gold Mining has a 12 month low of $12.58 and a 12 month high of $26.06.

Institutional Investors Weigh In On Harmony Gold Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in shares of Harmony Gold Mining in the 3rd quarter valued at about $25,000. TD Private Client Wealth LLC purchased a new stake in shares of Harmony Gold Mining during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Harmony Gold Mining during the 4th quarter worth approximately $26,000. Ascentis Independent Advisors acquired a new stake in Harmony Gold Mining during the 1st quarter worth approximately $28,000. Finally, Banque Cantonale Vaudoise purchased a new position in Harmony Gold Mining in the first quarter valued at approximately $33,000. 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.