Harmony Gold Mining (NYSE:HMY) Trading Down 2.7% – Time to Sell?

Harmony Gold Mining Company Limited (NYSE:HMY)’s stock price was down 2.7% during mid-day trading on Monday . The company traded as low as $14.44 and last traded at $14.60. Approximately 1,380,739 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 5,415,165 shares. The stock had previously closed at $15.01.

Wall Street Analysts Forecast Growth

HMY has been the topic of a number of analyst reports. Hsbc Global Res raised shares of Harmony Gold Mining from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 17th. Wall Street Zen upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

Harmony Gold Mining Stock Down 2.4%

The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $15.46 and a 200-day simple moving average of $12.34. The company has a market cap of $9.30 billion, a PE ratio of 8.67, a P/E/G ratio of 0.63 and a beta of 0.98.

Institutional Investors Weigh In On Harmony Gold Mining

A number of institutional investors have recently added to or reduced their stakes in HMY. Spire Wealth Management purchased a new stake in shares of Harmony Gold Mining during the first quarter worth about $33,000. Jones Financial Companies Lllp lifted its position in shares of Harmony Gold Mining by 230.3% in the fourth quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company’s stock valued at $48,000 after acquiring an additional 4,081 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Harmony Gold Mining by 71.4% during the first quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company’s stock worth $70,000 after purchasing an additional 1,961 shares in the last quarter. Brooklyn Investment Group raised its stake in Harmony Gold Mining by 165,766.7% in the 1st quarter. Brooklyn Investment Group now owns 4,976 shares of the mining company’s stock valued at $73,000 after purchasing an additional 4,973 shares during the last quarter. Finally, Optiver Holding B.V. purchased a new position in Harmony Gold Mining in the 4th quarter valued at $75,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

About Harmony Gold Mining

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.