Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report)’s share price shot up 6.9% during mid-day trading on Friday . The company traded as high as $23.58 and last traded at $23.54. Approximately 1,623,479 shares were traded during trading, a decline of 64% from the average session volume of 4,563,954 shares. The stock had previously closed at $22.02.
Wall Street Analysts Forecast Growth
HMY has been the topic of several research analyst reports. Wall Street Zen raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
View Our Latest Research Report on Harmony Gold Mining
Harmony Gold Mining Stock Up 6.9%
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Barometer Capital Management Inc. increased its stake in shares of Harmony Gold Mining by 1,118.8% in the 1st quarter. Barometer Capital Management Inc. now owns 117,000 shares of the mining company’s stock valued at $1,764,000 after buying an additional 107,400 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Harmony Gold Mining during the fourth quarter valued at $1,815,000. U S Global Investors Inc. lifted its stake in shares of Harmony Gold Mining by 49.4% during the first quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company’s stock valued at $6,116,000 after acquiring an additional 131,538 shares during the period. Assetmark Inc. boosted its holdings in Harmony Gold Mining by 4,535.7% in the first quarter. Assetmark Inc. now owns 271,653 shares of the mining company’s stock valued at $4,175,000 after acquiring an additional 265,793 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in Harmony Gold Mining by 75.0% in the first quarter. Quantinno Capital Management LP now owns 124,760 shares of the mining company’s stock worth $1,918,000 after purchasing an additional 53,466 shares during the period. Institutional investors own 31.79% of the company’s stock.
Harmony Gold Mining Company Profile
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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