Harmony Gold Mining Inc (NYSE:HMY) sets new 1-year low at $2.93


Harmony Gold Mining Company Limited (NYSE: HMYGet a rating) hit a new 52-week low on Thursday. The company traded as low as $2.93 and last traded at $2.93, with volume of 102,406 shares changing hands. The stock previously closed at $3.25.

Wall Street analysts predict growth

HMY has been the subject of a number of recent research reports. StockNews.com downgraded Harmony Gold Mining from a “held” rating to a “sell” rating in a Saturday, July 2 report. JPMorgan Chase & Co. cut its price target on Harmony Gold Mining from $5.00 to $4.00 and set a “neutral” rating for the company in a Monday, April 4 report.

Harmony Gold Mine Price Performance

The company has a current ratio of 1.50, a quick ratio of 1.06 and a debt ratio of 0.10. The stock has a fifty-day simple moving average of $3.37 and a two-hundred-day simple moving average of $3.99.

Hedge funds weigh on Harmony Gold Mining

A number of institutional investors and hedge funds have recently changed their positions in the stock. Private Advisor Group LLC increased its position in Harmony Gold Mining shares by 74.7% during the second quarter. Private Advisor Group LLC now owns 24,678 shares of the mining company worth $77,000 after buying 10,556 additional shares in the last quarter. Bank of America Corp DE increased its position in Harmony Gold Mining shares by 37.4% during the 1st quarter. Bank of America Corp DE now owns 32,353 shares of the mining company worth $163,000 after buying 8,803 more shares last quarter. Strategic Wealth Partners Ltd. bought a new position in Harmony Gold Mining stock during Q1 for a value of approximately $173,000. Virtu Financial LLC bought a new position in shares of Harmony Gold Mining during Q1 for a value of approximately $241,000. Finally, Royal Bank of Canada bought a new position in Harmony Gold Mining in Q1 worth approximately $121,000. Institutional investors hold 22.65% of the company’s shares.

Harmony Gold Mining Company Profile

(Get a rating)

Harmony Gold Mining Company Limited is engaged in the exploration, mining and processing of gold. He also explores deposits of uranium, silver, copper and molybdenum. The company has nine underground operations in the Witwatersrand Basin; an open pit mine on the Kraaipan greenstone belt; and various surface treatment operations in South Africa.

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