Harmony Gold Mining (NYSE:HMY) Given New $4.80 Price Target at JPMorgan Chase & Co.

Harmony Gold Mining (NYSE:HMY) had its price target lowered by JPMorgan Chase & Co. from $5.80 to $4.80 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has an underweight rating on the mining company’s stock.

A number of other equities analysts have also recently issued reports on the stock. HSBC cut shares of Harmony Gold Mining from a hold rating to a reduce rating in a research report on Friday, April 19th. StockNews.com cut shares of Harmony Gold Mining from a strong-buy rating to a buy rating in a research report on Friday, April 12th.

Harmony Gold Mining Stock Performance

HMY stock opened at $9.36 on Wednesday. The company’s 50-day moving average is $9.01 and its 200-day moving average is $7.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.11. Harmony Gold Mining has a 1 year low of $3.41 and a 1 year high of $10.24.

Institutional Investors Weigh In On Harmony Gold Mining

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp raised its holdings in shares of Harmony Gold Mining by 30.0% in the 1st quarter. Van ECK Associates Corp now owns 75,016,459 shares of the mining company’s stock worth $612,884,000 after acquiring an additional 17,298,604 shares during the last quarter. Polunin Capital Partners Ltd increased its stake in Harmony Gold Mining by 10.0% in the 1st quarter. Polunin Capital Partners Ltd now owns 11,083,569 shares of the mining company’s stock valued at $90,553,000 after buying an additional 1,005,685 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Harmony Gold Mining by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,238,873 shares of the mining company’s stock valued at $50,668,000 after buying an additional 42,126 shares during the last quarter. Tidal Investments LLC purchased a new stake in Harmony Gold Mining in the 1st quarter valued at about $59,033,000. Finally, American Century Companies Inc. increased its stake in Harmony Gold Mining by 26.2% in the 3rd quarter. American Century Companies Inc. now owns 2,750,629 shares of the mining company’s stock valued at $10,342,000 after buying an additional 571,247 shares during the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

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.