Harmony Gold Mining (HMY) Stock Price Up 7.2%

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.

Several large investors have recently modified their holdings of the company. Van ECK Associates Corp grew its holdings in shares of Harmony Gold Mining by 1.7% during the 4th quarter. Van ECK Associates Corp now owns 68,251,979 shares of the mining company’s stock worth $122,171,000 after purchasing an additional 1,148,285 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Harmony Gold Mining by 2.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,984,851 shares of the mining company’s stock worth $17,070,000 after purchasing an additional 242,406 shares during the period. Morgan Stanley grew its holdings in shares of Harmony Gold Mining by 360.2% during the 1st quarter. Morgan Stanley now owns 5,825,962 shares of the mining company’s stock worth $11,069,000 after purchasing an additional 4,560,080 shares during the period. Gabelli Funds LLC grew its holdings in shares of Harmony Gold Mining by 4.9% during the 1st quarter. Gabelli Funds LLC now owns 4,292,000 shares of the mining company’s stock worth $8,155,000 after purchasing an additional 200,000 shares during the period. Finally, BlackRock Inc. grew its holdings in shares of Harmony Gold Mining by 7.3% during the 4th quarter. BlackRock Inc. now owns 4,180,628 shares of the mining company’s stock worth $7,483,000 after purchasing an additional 284,007 shares during the period. Institutional investors and hedge funds own 33.85% of the company’s stock.

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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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