Harmony Gold Mining Company Limited (NYSE:HMY) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have given Harmony Gold Mining Company Limited a consensus rating of "Hold", with five investment firms covering the stock.
• The average price target among brokerages for Harmony Gold Mining is $12.20 over the next twelve months.
• The company's stock recently opened at $15.74, reflecting a 52-week range between $7.97 and $18.77.

Shares of Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) have been assigned an average rating of "Hold" from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $12.20.

HMY has been the topic of several recent research reports. BMO Capital Markets began coverage on Harmony Gold Mining in a research report on Thursday, July 17th. They issued a "market perform" rating and a $16.00 price objective on the stock. Zacks Research lowered shares of Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd.

Institutional Investors Weigh In On Harmony Gold Mining

A number of institutional investors have recently modified their holdings of the stock. Colonial Trust Advisors bought a new stake in shares of Harmony Gold Mining during the 2nd quarter valued at about $26,000. Spire Wealth Management bought a new stake in Harmony Gold Mining in the first quarter valued at $33,000. First Horizon Advisors Inc. bought a new stake in Harmony Gold Mining in the second quarter valued at $55,000. Hantz Financial Services Inc. boosted its stake in Harmony Gold Mining by 533.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 4,449 shares of the mining company's stock valued at $62,000 after purchasing an additional 3,747 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Harmony Gold Mining by 71.4% during the first quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock worth $70,000 after buying an additional 1,961 shares during the period. Institutional investors and hedge funds own 31.79% of the company's stock.

Harmony Gold Mining Stock Performance

NYSE:HMY traded up $0.66 during mid-day trading on Tuesday, reaching $13.27. The stock had a trading volume of 8,691,707 shares, compared to its average volume of 5,820,465. The business has a 50 day simple moving average of $14.62 and a 200 day simple moving average of $14.21. Harmony Gold Mining has a twelve month low of $7.97 and a twelve month high of $18.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.84. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 0.09 and a beta of 0.77.

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.