Harmony Gold Mining Co. (NYSE:HMY) shares rose 7.2% during trading on Friday . The company traded as high as $1.80 and last traded at $1.78. Approximately 5,801,022 shares changed hands during trading, an increase of 50% from the average daily volume of 3,870,646 shares. The stock had previously closed at $1.66.
HMY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Harmony Gold Mining from an “underweight” rating to an “overweight” rating and set a $2.11 price objective for the company in a research note on Thursday, February 21st. Zacks Investment Research downgraded shares of Harmony Gold Mining from a “hold” rating to a “sell” rating in a research note on Monday, March 25th.
The company has a quick ratio of 0.84, a current ratio of 1.38 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $716.01 million, a PE ratio of 13.69 and a beta of -1.75.
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About Harmony Gold Mining (NYSE:HMY)
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing 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 surface treatment operations in South Africa.
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