Investment analysts at BMO Capital Markets started coverage on shares of Harmony Gold Mining (NYSE:HMY - Get Free Report) in a research note issued on Thursday, Marketbeat reports. The brokerage set a "market perform" rating and a $16.00 price target on the mining company's stock. BMO Capital Markets' price target suggests a potential upside of 14.70% from the company's current price.
Separately, Hsbc Global Res raised shares of Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $12.20.
View Our Latest Analysis on Harmony Gold Mining
Harmony Gold Mining Price Performance
NYSE HMY traded down $0.06 during trading hours on Thursday, reaching $13.95. The company's stock had a trading volume of 2,882,879 shares, compared to its average volume of 5,378,432. The stock has a market cap of $8.86 billion, a PE ratio of 8.25, a PEG ratio of 0.09 and a beta of 0.94. Harmony Gold Mining has a fifty-two week low of $7.97 and a fifty-two week high of $18.77. The company's 50-day moving average is $14.57 and its two-hundred day moving average is $13.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.84.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Truist Financial Corp lifted its holdings in Harmony Gold Mining by 20.3% in the 2nd quarter. Truist Financial Corp now owns 17,549 shares of the mining company's stock valued at $245,000 after purchasing an additional 2,960 shares in the last quarter. Plancorp LLC lifted its holdings in Harmony Gold Mining by 2.9% in the 2nd quarter. Plancorp LLC now owns 481,851 shares of the mining company's stock valued at $6,731,000 after purchasing an additional 13,695 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Harmony Gold Mining by 11.5% in the 2nd quarter. GAMMA Investing LLC now owns 9,692 shares of the mining company's stock valued at $135,000 after purchasing an additional 1,003 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Harmony Gold Mining in the 2nd quarter valued at about $7,245,000. Finally, Veracity Capital LLC lifted its holdings in Harmony Gold Mining by 14.9% in the 2nd quarter. Veracity Capital LLC now owns 16,203 shares of the mining company's stock valued at $226,000 after purchasing an additional 2,099 shares in the last quarter. 31.79% of the stock is currently owned by hedge funds and other institutional investors.
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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