Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $9.01, but opened at $9.27. Harmony Gold Mining shares last traded at $9.31, with a volume of 291,937 shares trading hands.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. HSBC lowered shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a report on Friday, April 19th. StockNews.com downgraded shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Harmony Gold Mining from $5.10 to $5.80 and gave the company an “underweight” rating in a research note on Tuesday, May 28th.
Check Out Our Latest Stock Analysis on HMY
Harmony Gold Mining Stock Performance
Institutional Investors Weigh In On Harmony Gold Mining
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in Harmony Gold Mining during the 4th quarter worth $32,000. Fifth Third Bancorp purchased a new stake in Harmony Gold Mining during the 4th quarter worth $34,000. St. Johns Investment Management Company LLC purchased a new stake in Harmony Gold Mining during the 1st quarter worth $52,000. Atlas Capital Advisors LLC purchased a new stake in Harmony Gold Mining during the 1st quarter worth $61,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Harmony Gold Mining during the 1st quarter worth $77,000. Hedge funds and other 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.
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