Harmony Gold Mining (NYSE:HMY) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Harmony Gold Mining (NYSE:HMY) from a hold rating to a buy rating in a research report released on Tuesday morning.

Other equities analysts have also recently issued reports about the company. Bank of America assumed coverage on Harmony Gold Mining in a research note on Monday, October 21st. They set a “neutral” rating on the stock. JPMorgan Chase & Co. boosted 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.

Harmony Gold Mining Stock Up 0.2 %

NYSE HMY opened at $10.48 on Tuesday. Harmony Gold Mining has a 1 year low of $5.41 and a 1 year high of $12.29. The stock has a market capitalization of $6.65 billion, a PE ratio of 6.51, a PEG ratio of 0.49 and a beta of 1.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. The business’s 50-day moving average is $8.96 and its 200 day moving average is $9.66.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Consolidated Portfolio Review Corp purchased a new stake in Harmony Gold Mining in the third quarter worth $1,187,000. Public Employees Retirement System of Ohio bought a new stake in shares of Harmony Gold Mining during the 3rd quarter valued at $1,412,000. HighTower Advisors LLC grew its position in shares of Harmony Gold Mining by 298.5% in the 3rd quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company’s stock worth $525,000 after buying an additional 39,237 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of Harmony Gold Mining in the 2nd quarter worth about $1,141,000. Finally, Sanctuary Advisors LLC purchased a new position in Harmony Gold Mining during the 3rd quarter valued at about $1,526,000. Institutional investors 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.