Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $15.45, but opened at $15.09. Harmony Gold Mining shares last traded at $15.15, with a volume of 558,221 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on HMY shares. BMO Capital Markets began coverage on shares of Harmony Gold Mining in a research note on Thursday, July 17th. They issued a "market perform" rating and a $16.00 price objective on the stock. Zacks Research cut shares of Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $12.20.
View Our Latest Stock Analysis on HMY
Harmony Gold Mining Price Performance
The company's 50-day moving average is $14.72 and its 200-day moving average is $14.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.12 and a beta of 0.80.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Colonial Trust Advisors purchased a new position in Harmony Gold Mining in the second quarter valued at approximately $26,000. Spire Wealth Management purchased a new stake in shares of Harmony Gold Mining during the first quarter valued at approximately $33,000. First Horizon Advisors Inc. purchased a new stake in shares of Harmony Gold Mining during the second quarter valued at approximately $55,000. Hantz Financial Services Inc. raised its stake in shares of Harmony Gold Mining by 533.8% during the second 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 raised its stake 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 valued at $70,000 after purchasing an additional 1,961 shares during the period. Hedge funds and other 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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