Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $14.56, but opened at $13.94. Harmony Gold Mining shares last traded at $14.01, with a volume of 1,242,675 shares.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Hsbc Global Res upgraded Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Wall Street Zen upgraded shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.
Check Out Our Latest Research Report on Harmony Gold Mining
Harmony Gold Mining Price Performance
The firm has a 50-day moving average of $15.11 and a 200-day moving average of $12.62. 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 $8.50 billion, a P/E ratio of 7.93, a PEG ratio of 0.19 and a beta of 0.98.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Spire Wealth Management purchased a new position in Harmony Gold Mining in the 1st quarter worth about $33,000. Parallel Advisors LLC grew its stake in shares of Harmony Gold Mining by 71.4% in the first 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 during the period. Brooklyn Investment Group raised its holdings in shares of Harmony Gold Mining by 165,766.7% during the first quarter. Brooklyn Investment Group now owns 4,976 shares of the mining company's stock valued at $73,000 after purchasing an additional 4,973 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Harmony Gold Mining by 230.3% during the fourth quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company's stock valued at $48,000 after purchasing an additional 4,081 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new stake in Harmony Gold Mining in the first quarter worth approximately $110,000. 31.79% of the stock is owned by institutional investors.
About Harmony Gold Mining
(
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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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