Harmony Gold Mining (NYSE:HMY) Shares Down 3.5% - Time to Sell?

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) was down 3.5% during trading on Friday . The stock traded as low as $14.83 and last traded at $14.84. Approximately 957,170 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 6,696,007 shares. The stock had previously closed at $15.37.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HMY shares. Wall Street Zen raised Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Hsbc Global Res raised Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th.

Harmony Gold Mining Trading Up 2.5%

The company has a 50 day moving average of $15.35 and a 200 day moving average of $12.14. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 0.63 and a beta of 0.98.

Institutional Trading of Harmony Gold Mining

Hedge funds and other institutional investors have recently modified their holdings of the stock. Spire Wealth Management acquired a new stake in shares of Harmony Gold Mining in the 1st quarter worth $33,000. Jones Financial Companies Lllp increased its stake in shares of Harmony Gold Mining by 230.3% in the 4th quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company's stock worth $48,000 after acquiring an additional 4,081 shares during the last quarter. Parallel Advisors LLC increased its stake 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 during the last quarter. Brooklyn Investment Group increased its stake 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 during the last quarter. Finally, Optiver Holding B.V. acquired a new stake in shares of Harmony Gold Mining in the 4th quarter worth $75,000. 31.79% of the stock is owned by institutional investors and hedge funds.

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.