Harmony Gold Mining Company Limited (NYSE:HMY) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Harmony Gold Mining has an average “Moderate Buy” rating from five covering brokerages: two rate it a hold, two a buy, and one a strong buy.
• Recent analyst actions were mixed, with Zacks Research upgrading the stock from “strong sell” to “hold,” Wall Street Zen downgrading it from “buy” to “hold,” and Weiss Ratings reaffirming a “buy (b-)” rating.
• HMY opened at $20.28, above its 50-day and 200-day moving averages, while institutional investors and hedge funds own 31.79% of the company.

Shares of Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

HMY has been the topic of a number of analyst reports. Zacks Research upgraded shares of Harmony Gold Mining from a "strong sell" rating to a "hold" rating in a report on Monday, May 11th. Wall Street Zen downgraded shares of Harmony Gold Mining from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Harmony Gold Mining in a report on Friday, July 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC purchased a new position in shares of Harmony Gold Mining in the 3rd quarter valued at about $25,000. TD Private Client Wealth LLC purchased a new stake in Harmony Gold Mining during the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Harmony Gold Mining in the fourth quarter valued at approximately $26,000. Ascentis Independent Advisors acquired a new position in Harmony Gold Mining in the first quarter valued at approximately $28,000. Finally, Banque Cantonale Vaudoise acquired a new position in Harmony Gold Mining in the first quarter valued at approximately $33,000. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Stock Performance

Shares of NYSE:HMY opened at $20.28 on Friday. The firm's 50 day moving average price is $17.74 and its 200 day moving average price is $17.33. Harmony Gold Mining has a fifty-two week low of $13.03 and a fifty-two week high of $26.06. The company has a quick ratio of 0.64, a current ratio of 0.84 and a debt-to-equity ratio of 0.03.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.

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