Harmony Gold Mining (NYSE:HMY) Given New $4.10 Price Target at JPMorgan Chase & Co.

Harmony Gold Mining (NYSE:HMY) had its price target trimmed by JPMorgan Chase & Co. from $4.20 to $4.10 in a research note released on Thursday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the mining company’s stock.

Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Harmony Gold Mining from a sell rating to a hold rating and set a $2.50 price target for the company in a report on Friday, June 28th. ValuEngine downgraded Harmony Gold Mining from a buy rating to a hold rating in a report on Wednesday, September 4th.

Shares of NYSE:HMY traded down $0.17 during trading on Thursday, hitting $2.98. 491,366 shares of the company were exchanged, compared to its average volume of 11,832,938. The business’s 50 day moving average is $3.14 and its 200-day moving average is $2.26. The company has a market capitalization of $1.41 billion, a P/E ratio of 21.29 and a beta of -1.47. The company has a quick ratio of 0.75, a current ratio of 1.35 and a debt-to-equity ratio of 0.27. Harmony Gold Mining has a 1-year low of $1.47 and a 1-year high of $3.86.



A number of hedge funds and other institutional investors have recently bought and sold shares of HMY. Morgan Stanley increased its holdings in Harmony Gold Mining by 43.1% in the second quarter. Morgan Stanley now owns 8,337,584 shares of the mining company’s stock valued at $18,927,000 after purchasing an additional 2,511,622 shares during the period. AJO LP acquired a new stake in Harmony Gold Mining in the first quarter valued at $4,424,000. Polunin Capital Partners Ltd acquired a new stake in Harmony Gold Mining in the second quarter valued at $5,060,000. Exor Investments UK LLP increased its holdings in Harmony Gold Mining by 11.2% in the second quarter. Exor Investments UK LLP now owns 14,762,756 shares of the mining company’s stock valued at $33,511,000 after purchasing an additional 1,487,028 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in Harmony Gold Mining in the second quarter valued at $2,620,000. Institutional investors and hedge funds own 36.43% of the company’s stock.

About Harmony Gold Mining

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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