Harmony Gold Mining (HMY) Sets New 12-Month Low at $1.46

Harmony Gold Mining Co. (NYSE:HMY) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $1.46 and last traded at $1.49, with a volume of 774256 shares traded. The stock had previously closed at $1.62.

A number of brokerages have recently issued reports on HMY. ValuEngine downgraded shares of Harmony Gold Mining from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Zacks Investment Research raised shares of Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Harmony Gold Mining has an average rating of “Hold” and an average target price of $2.50.

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.61 and a current ratio of 2.21. The stock has a market capitalization of $724.91 million, a PE ratio of 6.81 and a beta of -1.96.

Several institutional investors have recently modified their holdings of HMY. Bank of New York Mellon Corp grew its position in shares of Harmony Gold Mining by 193.8% in the 4th quarter. Bank of New York Mellon Corp now owns 57,672 shares of the mining company’s stock worth $107,000 after buying an additional 38,041 shares during the last quarter. Renaissance Technologies LLC grew its position in Harmony Gold Mining by 55.0% during the 4th quarter. Renaissance Technologies LLC now owns 501,400 shares of the mining company’s stock worth $938,000 after purchasing an additional 178,000 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Harmony Gold Mining during the 4th quarter worth approximately $225,000. Wells Fargo & Company MN grew its position in Harmony Gold Mining by 9.4% during the 1st quarter. Wells Fargo & Company MN now owns 1,863,591 shares of the mining company’s stock worth $4,454,000 after purchasing an additional 159,932 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its position in Harmony Gold Mining by 37.4% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 1,184,294 shares of the mining company’s stock worth $2,830,000 after purchasing an additional 322,342 shares during the last quarter. 30.50% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Company Profile (NYSE:HMY)

Harmony Gold Mining Company Limited engages in the exploration and mining of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various other surface operations in South Africa. The company owns interests in the Hidden Valley, an open-pit gold and silver mine; the Wafi Golpu project in Morobe province; and the Kili Teke gold-copper exploration project in Papua New Guinea.

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