Harmony Gold Mining (NYSE:HMY) hits new 12-month low at $2.91


Harmony Gold Mining Company Limited (NYSE: HMYGet a rating) hit a new 52-week low on Thursday. The stock traded as low as $2.91 and last traded at $3.06, with volume traded at 85,920 shares. The stock previously closed at $2.99.

Changes to analyst ratings

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered its price target on Harmony Gold Mining shares from $5.00 to $4.00 and set a “neutral” rating on the stock in a Monday, April 4 research report . StockNews.com cut Harmony Gold Mining shares from a “hold” rating to a “sell” rating in a Saturday July 2 research note.

Harmony Gold Mining stock performance

The company’s fifty-day moving average price is $3.33 and its two-hundred-day moving average price is $3.96. The company has a quick ratio of 1.06, a current ratio of 1.50 and a debt ratio of 0.10.

Institutional investors weigh in on Harmony Gold Mining

A number of hedge funds have recently increased or reduced their holdings in the stock. Polunin Capital Partners Ltd acquired a new position in Harmony Gold Mining during Q1 worth approximately $50,201,000. Van ECK Associates Corp increased its stake in Harmony Gold Mining by 6.2% in the first quarter. Van ECK Associates Corp now owns 55,098,526 shares of the mining company worth $277,146,000 after purchasing an additional 3,235,196 shares during the period. American Century Companies Inc. increased its stake in Harmony Gold Mining by 1,080.7% during the 1st quarter. American Century Companies Inc. now owns 1,949,138 shares of the mining company worth $9,804,000 after purchasing an additional 1,784,055 shares during the period. Alps Advisors Inc. increased its stake in Harmony Gold Mining by 719.8% during the 4th quarter. Alps Advisors Inc. now owns 2,017,422 shares of the mining company worth $8,292,000 after purchasing an additional 1,771,334 shares during the period. Finally, Capricorn Fund Managers Ltd bought a new position in Harmony Gold Mining shares during Q4 for a value of approximately $6,385,000. 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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