Harmony Gold Mining (NYSE:HMY) Rating Lowered to “Hold” at Wall Street Zen

Harmony Gold Mining (NYSE:HMY) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

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

Harmony Gold Mining Price Performance

Harmony Gold Mining stock traded down $0.78 during midday trading on Friday, reaching $20.25. 5,933,482 shares of the stock traded hands, compared to its average volume of 3,427,211. 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 company has a 50-day simple moving average of $17.28 and a two-hundred day simple moving average of $17.38. Harmony Gold Mining has a 12-month low of $12.78 and a 12-month high of $26.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new stake in 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 fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Harmony Gold Mining during the fourth quarter worth approximately $26,000. Ascentis Independent Advisors acquired a new stake in Harmony Gold Mining in the first quarter valued at approximately $28,000. Finally, Banque Cantonale Vaudoise purchased a new position in Harmony Gold Mining in the first quarter worth approximately $33,000. 31.79% of the stock is 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.