Harmony Gold Mining (NYSE:HMY) Rating Lowered to Hold at StockNews.com

Harmony Gold Mining (NYSE:HMY) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Several other equities analysts also recently commented on the company. Bank of America started coverage on Harmony Gold Mining in a report on Monday, October 21st. They set a “neutral” rating on the stock. JPMorgan Chase & Co. increased their price target on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a report on Tuesday, November 12th.

Harmony Gold Mining Stock Performance

Shares of HMY stock opened at $9.07 on Thursday. Harmony Gold Mining has a 12 month low of $5.40 and a 12 month high of $12.29. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $10.26 and its two-hundred day moving average is $9.72.

Institutional Investors Weigh In On Harmony Gold Mining

A number of institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in shares of Harmony Gold Mining by 3.3% in the 3rd quarter. Van ECK Associates Corp now owns 68,895,088 shares of the mining company’s stock worth $700,663,000 after acquiring an additional 2,206,537 shares during the period. Wellington Management Group LLP grew its holdings in shares of Harmony Gold Mining by 76.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,676,433 shares of the mining company’s stock worth $27,219,000 after purchasing an additional 1,162,292 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Harmony Gold Mining by 111.5% during the 2nd quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company’s stock worth $16,978,000 after purchasing an additional 977,142 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Harmony Gold Mining by 63.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,567,543 shares of the mining company’s stock worth $14,374,000 after purchasing an additional 609,971 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Harmony Gold Mining during the 1st quarter worth approximately $2,097,000. 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.