Harmony Gold Mining (NYSE:HMY) Stock Rating Lowered by StockNews.com

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

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their price target on Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a report on Tuesday. Bank of America started coverage on Harmony Gold Mining in a report on Monday, October 21st. They set a “neutral” rating for the company.

Harmony Gold Mining Stock Down 2.0 %

Shares of Harmony Gold Mining stock opened at $9.04 on Tuesday. 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 has a 50-day moving average price of $10.28 and a two-hundred day moving average price of $9.69. Harmony Gold Mining has a 1-year low of $5.11 and a 1-year high of $12.29.

Hedge Funds Weigh In On Harmony Gold Mining

Several large investors have recently added to or reduced their stakes in the business. Bridgewater Associates LP lifted its position in Harmony Gold Mining by 34.6% in the 3rd quarter. Bridgewater Associates LP now owns 403,178 shares of the mining company’s stock valued at $4,100,000 after acquiring an additional 103,608 shares in the last quarter. FMR LLC lifted its position in Harmony Gold Mining by 522.6% in the 3rd quarter. FMR LLC now owns 38,620 shares of the mining company’s stock valued at $393,000 after acquiring an additional 32,417 shares in the last quarter. Bank of Montreal Can lifted its position in Harmony Gold Mining by 4.0% in the 3rd quarter. Bank of Montreal Can now owns 228,288 shares of the mining company’s stock valued at $2,466,000 after acquiring an additional 8,862 shares in the last quarter. Eagle Asset Management Inc. lifted its position in Harmony Gold Mining by 10.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 43,359 shares of the mining company’s stock valued at $448,000 after acquiring an additional 4,220 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new position in Harmony Gold Mining in the 3rd quarter valued at about $241,000. 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.