Harmony Gold Mining Company Limited (NYSE:HMY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th. Finally, Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th.

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Institutional Trading of Harmony Gold Mining

Hedge funds have recently bought and sold shares of the company. FIL Ltd purchased a new stake in shares of Harmony Gold Mining in the fourth quarter valued at $111,182,000. Goldman Sachs Group Inc. raised its stake in shares of Harmony Gold Mining by 215.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after acquiring an additional 3,806,468 shares during the period. AQR Capital Management LLC lifted its stake in shares of Harmony Gold Mining by 286.6% during the second quarter. AQR Capital Management LLC now owns 3,961,141 shares of the mining company’s stock worth $54,248,000 after purchasing an additional 2,936,552 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Harmony Gold Mining by 7,504.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,306,431 shares of the mining company’s stock worth $41,862,000 after acquiring an additional 2,276,099 shares in the last quarter. Finally, Man Group plc boosted its stake in shares of Harmony Gold Mining by 1,801.7% in the second quarter. Man Group plc now owns 1,985,093 shares of the mining company’s stock valued at $27,732,000 after purchasing an additional 1,880,708 shares during the period. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

Shares of NYSE:HMY opened at $20.03 on Tuesday. The company’s 50 day moving average is $16.31 and its two-hundred day moving average is $17.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. Harmony Gold Mining has a 52 week low of $12.58 and a 52 week high of $26.06.

Harmony Gold Mining Company Profile

(Get Free Report)

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.

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