Harmony Gold Mining (NYSE:HMY – Get Free Report) was downgraded by analysts at HSBC from a “hold” rating to a “reduce” rating in a report released on Friday, FinViz reports.
HMY has been the subject of several other reports. StockNews.com downgraded shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. JPMorgan Chase & Co. boosted their target price on shares of Harmony Gold Mining from $3.20 to $4.90 and gave the company an “underweight” rating in a research note on Wednesday.
Check Out Our Latest Analysis on Harmony Gold Mining
Harmony Gold Mining Price Performance
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HMY. Claro Advisors LLC purchased a new stake in shares of Harmony Gold Mining during the 1st quarter worth about $225,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Harmony Gold Mining during the first quarter worth approximately $96,000. Vanguard Capital Wealth Advisors acquired a new stake in shares of Harmony Gold Mining in the first quarter worth $278,000. St. Johns Investment Management Company LLC purchased a new position in shares of Harmony Gold Mining in the 1st quarter valued at $52,000. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Harmony Gold Mining during the 1st quarter valued at $61,000. 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.
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