JPMorgan Chase & Co. Trims Harmony Gold Mining (NYSE:HMY) Target Price to $4.80

Harmony Gold Mining (NYSE:HMY) had its target price trimmed by JPMorgan Chase & Co. from $5.80 to $4.80 in a research note issued to investors 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 weighed in on the stock. HSBC lowered shares of Harmony Gold Mining from a hold rating to a reduce rating in a research note on Friday, April 19th. StockNews.com lowered shares of Harmony Gold Mining from a strong-buy rating to a buy rating in a research note on Friday, April 12th.

Harmony Gold Mining Stock Up 3.8 %

Shares of NYSE HMY opened at $9.72 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. Harmony Gold Mining has a 1-year low of $3.41 and a 1-year high of $10.24. The company has a fifty day moving average price of $9.04 and a 200 day moving average price of $7.64.

Institutional Investors Weigh In On Harmony Gold Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its position in Harmony Gold Mining by 30.0% during the 1st quarter. Van ECK Associates Corp now owns 75,016,459 shares of the mining company’s stock worth $612,884,000 after buying an additional 17,298,604 shares in the last quarter. Polunin Capital Partners Ltd raised its holdings in shares of 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 purchasing an additional 1,005,685 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of 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 purchasing an additional 42,126 shares during the period. Tidal Investments LLC bought a new stake in shares of Harmony Gold Mining in the 1st quarter valued at about $59,033,000. Finally, American Century Companies Inc. raised its holdings in shares of 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 purchasing an additional 571,247 shares during the period. 31.79% of the stock is owned by institutional investors.

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.