Harmony Gold Mining (NYSE:HMY) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Harmony Gold Mining from “hold” to “buy,” joining other positive revisions and contributing to MarketBeat’s overall “Moderate Buy” consensus.
• HMY opened at $15.84 and was down 2.3%, trading below its 50-day moving average of $18.99 but above its 52-week low of $13.03.
• Institutional investors made several recent purchases or increased their positions; hedge funds and institutions collectively own 31.79% of the company.

Harmony Gold Mining (NYSE:HMY - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other brokerages have also recently weighed in on HMY. Weiss Ratings upgraded shares of Harmony Gold Mining from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Zacks Research upgraded Harmony Gold Mining to a "hold" rating in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Harmony Gold Mining presently has a consensus rating of "Moderate Buy".

Harmony Gold Mining Trading Down 2.3%

HMY opened at $15.84 on Friday. Harmony Gold Mining has a 1 year low of $13.03 and a 1 year high of $26.06. The business's 50-day moving average is $18.99 and its two-hundred day moving average is $17.42.

Institutional Investors Weigh In On Harmony Gold Mining

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC purchased a new position in Harmony Gold Mining in the third quarter valued at $449,000. Quadrant Capital Group LLC lifted its holdings in Harmony Gold Mining by 5.9% during the third quarter. Quadrant Capital Group LLC now owns 35,082 shares of the mining company's stock valued at $586,000 after purchasing an additional 1,942 shares in the last quarter. Novem Group boosted its holdings in Harmony Gold Mining by 5.0% in the 3rd quarter. Novem Group now owns 65,717 shares of the mining company's stock worth $1,165,000 after buying an additional 3,152 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in Harmony Gold Mining by 2.9% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 74,675 shares of the mining company's stock worth $1,307,000 after purchasing an additional 2,138 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in Harmony Gold Mining during the 3rd quarter valued at about $60,000. 31.79% of the stock is owned by institutional investors and hedge funds.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South African gold producer with operations and projects in South Africa and Papua New Guinea. The company explores for, mines, and processes gold-bearing ore, producing gold bullion as its primary product and silver as a byproduct at certain operations.

In South Africa, Harmony operates a portfolio of underground and surface mines, supported by processing plants and related infrastructure. Its assets include operations in the Free State and Gauteng provinces, as well as other mining and tailings-reprocessing activities.

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