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

Harmony Gold Mining Company Limited (NYSE:HMY) has been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms recently commented on HMY. Weiss Ratings reissued a “buy (b-)” rating on shares of Harmony Gold Mining in a research note on Friday, July 17th. Wall Street Zen raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Finally, Zacks Research upgraded Harmony Gold Mining to a “hold” rating in a report on Tuesday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in shares of Harmony Gold Mining in the 3rd quarter worth approximately $25,000. TD Private Client Wealth LLC bought a new position in shares of Harmony Gold Mining during the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Harmony Gold Mining during the 4th quarter valued at $26,000. Ascentis Independent Advisors purchased a new position in Harmony Gold Mining in the 1st quarter worth $28,000. Finally, Banque Cantonale Vaudoise purchased a new position in Harmony Gold Mining in the 1st quarter worth $33,000. 31.79% of the stock is currently owned by institutional investors.

Harmony Gold Mining Trading Up 2.1%

Harmony Gold Mining stock opened at $20.61 on Friday. The firm’s fifty day moving average price is $18.22 and its 200-day moving average price is $17.33. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.64 and a current ratio of 0.84. Harmony Gold Mining has a fifty-two week low of $13.03 and a fifty-two week high of $26.06.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South African gold producer headquartered in Randfontein, South Africa. The company explores for, extracts, and processes gold from underground and surface operations, producing doré bars and gold concentrate for sale to refiners. Harmony is listed on the Johannesburg Stock Exchange and its American depositary shares trade on the New York Stock Exchange under the symbol HMY.

Harmony’s operations are primarily located in South Africa, where its assets include the Mponeng, Doornkop, Kusasalethu, and Tshepong operations, as well as surface retreatment and tailings-processing businesses.