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

Harmony Gold Mining (NYSE:HMY) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

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

Harmony Gold Mining Trading Up 0.6 %

Shares of HMY stock opened at $9.57 on Wednesday. The company’s fifty day moving average price is $10.31 and its two-hundred day moving average price is $9.70. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Harmony Gold Mining has a 12 month low of $5.40 and a 12 month high of $12.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new position in Harmony Gold Mining in the third quarter worth about $1,412,000. MML Investors Services LLC lifted its position in Harmony Gold Mining by 212.5% in the 3rd quarter. MML Investors Services LLC now owns 31,405 shares of the mining company’s stock valued at $319,000 after purchasing an additional 21,356 shares during the last quarter. Dorsey Wright & Associates raised its stake in shares of Harmony Gold Mining by 12.0% during the third quarter. Dorsey Wright & Associates now owns 378,630 shares of the mining company’s stock valued at $3,851,000 after purchasing an additional 40,592 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Harmony Gold Mining by 76.8% in the third 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 during the period. Finally, HighTower Advisors LLC grew its position in Harmony Gold Mining by 298.5% in the 3rd quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company’s stock valued at $525,000 after buying an additional 39,237 shares in the last quarter. 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.