Harmony Gold Mining (NYSE:HMY) Cut to Hold at StockNews.com

Harmony Gold Mining (NYSE:HMY) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

A number of other brokerages have also commented on HMY. JPMorgan Chase & Co. upped their price objective on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research report on Tuesday. Bank of America assumed coverage on shares of Harmony Gold Mining in a research report on Monday, October 21st. They set a “neutral” rating for the company.

Harmony Gold Mining Stock Performance

Harmony Gold Mining stock traded down $0.14 on Tuesday, reaching $9.22. 4,019,900 shares of the stock were exchanged, compared to its average volume of 4,751,933. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. Harmony Gold Mining has a twelve month low of $4.72 and a twelve month high of $12.29. The firm has a fifty day moving average price of $10.28 and a two-hundred day moving average price of $9.69.

Institutional Trading of Harmony Gold Mining

Large investors have recently added to or reduced their stakes in the company. Hara Capital LLC bought a new stake in Harmony Gold Mining during the third quarter worth about $38,000. Ashton Thomas Private Wealth LLC bought a new position in Harmony Gold Mining during the 2nd quarter worth approximately $41,000. QRG Capital Management Inc. acquired a new stake in Harmony Gold Mining during the 1st quarter worth approximately $87,000. Diversified Trust Co acquired a new stake in Harmony Gold Mining during the 2nd quarter worth approximately $93,000. Finally, Burns Matteson Capital Management LLC acquired a new stake in Harmony Gold Mining during the 1st quarter worth approximately $94,000. 31.79% of the stock is owned by institutional investors.

Harmony Gold Mining Company Profile

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.