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

Key Points

• Moderate Buy consensus from five analysts (three hold, one buy, one strong buy) with an average 12‑month target price of $16.00.
• Shares fell about 5.5% to open at $15.10, trading below the 50‑day ($21.13) and 200‑day ($18.98) moving averages and closer to a 52‑week low of $11.98 than the high of $26.06.
• Analyst action is mixed—Wall Street Zen and Zacks recently downgraded ratings while Weiss reaffirmed a buy—and institutional investors hold roughly 31.79% of the stock.

Shares of Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $16.00.

A number of research analysts have recently issued reports on the company. Wall Street Zen lowered Harmony Gold Mining from a "strong-buy" rating to a "buy" rating in a report on Saturday. Zacks Research cut shares of Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 16th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Harmony Gold Mining in a research report on Thursday, January 22nd.

Institutional Investors Weigh In On Harmony Gold Mining

A number of hedge funds have recently added to or reduced their stakes in HMY. Advisory Services Network LLC acquired a new position in Harmony Gold Mining during the 3rd quarter worth approximately $25,000. Colonial Trust Advisors purchased a new stake in shares of Harmony Gold Mining in the second quarter valued at approximately $26,000. TD Private Client Wealth LLC purchased a new stake in shares of Harmony Gold Mining in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Harmony Gold Mining during the fourth quarter worth $26,000. Finally, Assetmark Inc. raised its position in Harmony Gold Mining by 907.5% in the third quarter. Assetmark Inc. now owns 1,753 shares of the mining company's stock worth $32,000 after acquiring an additional 1,579 shares in the last quarter. Institutional investors and hedge funds own 31.79% of the company's stock.

Harmony Gold Mining Trading Down 5.5%

Shares of HMY stock opened at $15.10 on Friday. The stock's 50-day moving average price is $21.13 and its 200 day moving average price is $18.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72. Harmony Gold Mining has a 52-week low of $11.98 and a 52-week high of $26.06.

About Harmony Gold Mining

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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