Harmony Gold Mining (NYSE:HMY) Trading Up 7.4% - Should You Buy?

Harmony Gold Mining Company Limited (NYSE:HMY - Get Free Report) was up 7.4% on Monday . The company traded as high as $14.85 and last traded at $14.97. Approximately 1,173,285 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 5,361,144 shares. The stock had previously closed at $13.94.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HMY shares. BMO Capital Markets started coverage on Harmony Gold Mining in a report on Thursday. They set a "market perform" rating and a $16.00 target price on the stock. Hsbc Global Res raised Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.20.

Harmony Gold Mining Stock Performance

The stock has a fifty day simple moving average of $14.53 and a two-hundred day simple moving average of $13.30. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 8.85, a P/E/G ratio of 0.09 and a beta of 0.94. 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 Investors Weigh In On Harmony Gold Mining

A number of large investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its stake in shares of Harmony Gold Mining by 16.7% in the 2nd quarter. Parallel Advisors LLC now owns 5,494 shares of the mining company's stock valued at $77,000 after acquiring an additional 788 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 valued at $128,000 after acquiring an additional 866 shares during the last quarter. Stifel Financial Corp raised its position in Harmony Gold Mining by 1.6% during the 4th quarter. Stifel Financial Corp now owns 54,911 shares of the mining company's stock worth $451,000 after purchasing an additional 881 shares during the last quarter. Townsquare Capital LLC raised its position in Harmony Gold Mining by 2.2% during the 4th quarter. Townsquare Capital LLC now owns 67,741 shares of the mining company's stock worth $556,000 after purchasing an additional 1,464 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in Harmony Gold Mining by 4.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 35,918 shares of the mining company's stock worth $295,000 after purchasing an additional 1,496 shares during the last quarter. Institutional investors and hedge funds own 31.79% of the company's stock.

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.

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