Equities researchers at BMO Capital Markets initiated coverage on shares of Harmony Gold Mining (NYSE:HMY - Get Free Report) in a research report issued on Thursday, Marketbeat.com reports. The brokerage set a "market perform" rating and a $16.00 price target on the mining company's stock. BMO Capital Markets' target price would suggest a potential upside of 14.70% from the company's current price.
Separately, Hsbc Global Res upgraded Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $12.20.
Get Our Latest Analysis on HMY
Harmony Gold Mining Stock Down 0.4%
HMY traded down $0.06 during mid-day trading on Thursday, reaching $13.95. 2,882,879 shares of the stock were exchanged, compared to its average volume of 5,376,589. 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 stock has a market capitalization of $8.86 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 0.09 and a beta of 0.94. The company has a 50 day moving average price of $14.53 and a two-hundred day moving average price of $13.27. Harmony Gold Mining has a 1 year low of $7.97 and a 1 year high of $18.77.
Hedge Funds Weigh In On Harmony Gold Mining
Several large investors have recently modified their holdings of the stock. Spire Wealth Management bought a new position in shares of Harmony Gold Mining in the 1st quarter worth $33,000. Parallel Advisors LLC raised its position in shares of Harmony Gold Mining by 71.4% in the 1st quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock worth $70,000 after acquiring an additional 1,961 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Harmony Gold Mining by 165,766.7% in the 1st quarter. Brooklyn Investment Group now owns 4,976 shares of the mining company's stock worth $73,000 after acquiring an additional 4,973 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Harmony Gold Mining in the 1st quarter worth $110,000. Finally, GAMMA Investing LLC raised its position in shares of Harmony Gold Mining by 11.1% in the 1st quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company's stock worth $128,000 after acquiring an additional 866 shares in the last quarter. Institutional investors own 31.79% of the company's stock.
Harmony Gold Mining Company Profile
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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.
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