Harmony Gold Mining (NYSE:HMY) Shares Gap Down to $9.18

Harmony Gold Mining Company Limited (NYSE:HMY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $9.18, but opened at $8.96. Harmony Gold Mining shares last traded at $9.07, with a volume of 482,968 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Harmony Gold Mining from $5.10 to $5.80 and gave the stock an “underweight” rating in a research note on Tuesday, May 28th. StockNews.com downgraded shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 12th. Finally, HSBC downgraded shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a research note on Friday, April 19th.

Harmony Gold Mining Stock Up 1.8 %

The business has a 50 day moving average price of $8.99 and a 200-day moving average price of $7.50. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HMY. Assenagon Asset Management S.A. acquired a new position in Harmony Gold Mining in the 4th quarter worth $1,723,000. Cloverfields Capital Group LP purchased a new stake in Harmony Gold Mining during the 4th quarter worth approximately $845,000. Citigroup Inc. raised its position in shares of Harmony Gold Mining by 59.4% in the 3rd quarter. Citigroup Inc. now owns 19,755 shares of the mining company’s stock valued at $74,000 after purchasing an additional 7,361 shares in the last quarter. AJOVista LLC purchased a new position in shares of Harmony Gold Mining during the 4th quarter valued at approximately $1,707,000. Finally, Fifth Third Bancorp bought a new stake in shares of Harmony Gold Mining in the fourth quarter worth $34,000. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Company Profile

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.