Shares of Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $8.43, but opened at $8.26. Harmony Gold Mining shares last traded at $8.24, with a volume of 1,548,598 shares trading hands.
Analyst Upgrades and Downgrades
HMY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Bank of America assumed coverage on shares of Harmony Gold Mining in a report on Monday, October 21st. They set a “neutral” rating on the stock. Finally, StockNews.com cut Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Thursday, November 28th.
Read Our Latest Research Report on HMY
Harmony Gold Mining Trading Down 0.6 %
Hedge Funds Weigh In On Harmony Gold Mining
A number of institutional investors have recently bought and sold shares of the business. Atlas Capital Advisors LLC raised its holdings in Harmony Gold Mining by 582.1% in the 2nd quarter. Atlas Capital Advisors LLC now owns 51,296 shares of the mining company’s stock valued at $470,000 after acquiring an additional 43,776 shares during the period. Ritholtz Wealth Management bought a new stake in Harmony Gold Mining in the 2nd quarter valued at $1,106,000. Acadian Asset Management LLC grew its holdings in Harmony Gold Mining by 111.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company’s stock valued at $16,978,000 after buying an additional 977,142 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Harmony Gold Mining during the second quarter worth $112,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Harmony Gold Mining in the second quarter valued at about $41,000. 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.
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