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

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

Several other brokerages have also recently commented on HMY. JPMorgan Chase & Co. boosted their target price 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 began coverage on Harmony Gold Mining in a report on Monday, October 21st. They issued a “neutral” rating on the stock.

Harmony Gold Mining Stock Down 1.5 %

NYSE:HMY traded down $0.14 during midday trading on Tuesday, hitting $9.22. 4,019,900 shares of the stock were exchanged, compared to its average volume of 4,751,933. Harmony Gold Mining has a one year low of $4.72 and a one year high of $12.29. The business has a 50-day moving average price of $10.28 and a two-hundred day moving average price of $9.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07.

Institutional Trading of Harmony Gold Mining

Several large investors have recently added to or reduced their stakes in HMY. SG Americas Securities LLC grew its holdings in shares of Harmony Gold Mining by 225.6% during the 1st quarter. SG Americas Securities LLC now owns 108,954 shares of the mining company’s stock valued at $890,000 after acquiring an additional 75,494 shares in the last quarter. Consolidated Portfolio Review Corp purchased a new position in shares of Harmony Gold Mining during the 3rd quarter valued at $1,187,000. Cetera Investment Advisers purchased a new position in shares of Harmony Gold Mining during the 1st quarter valued at $2,097,000. Atomi Financial Group Inc. grew its holdings in shares of Harmony Gold Mining by 19.7% during the 1st quarter. Atomi Financial Group Inc. now owns 17,031 shares of the mining company’s stock valued at $139,000 after acquiring an additional 2,801 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Harmony Gold Mining by 234.5% during the 1st quarter. Acadian Asset Management LLC now owns 876,464 shares of the mining company’s stock valued at $7,152,000 after acquiring an additional 614,445 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.