Harmony Gold Mining (NYSE:HMY) Shares Gap Up to $3.06

Harmony Gold Mining Co. (NYSE:HMY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $2.99, but opened at $3.06. Harmony Gold Mining shares last traded at $3.12, with a volume of 2,665,700 shares.

HMY has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target on shares of Harmony Gold Mining from $4.20 to $4.10 and set an “overweight” rating on the stock in a report on Thursday, September 12th. ValuEngine cut shares of Harmony Gold Mining from a “hold” rating to a “sell” rating in a report on Monday, September 30th.

The business’s fifty day moving average is $3.23 and its 200 day moving average is $2.84. The company has a current ratio of 1.35, a quick ratio of 0.75 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.65 billion, a P/E ratio of 23.29 and a beta of -1.58.

Hedge funds have recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new stake in Harmony Gold Mining during the 2nd quarter valued at $29,000. Cambridge Investment Research Advisors Inc. bought a new stake in Harmony Gold Mining during the 2nd quarter valued at $34,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in Harmony Gold Mining during the 2nd quarter valued at $38,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Harmony Gold Mining during the 3rd quarter valued at $53,000. Finally, M&T Bank Corp raised its holdings in Harmony Gold Mining by 120.4% during the 2nd quarter. M&T Bank Corp now owns 24,586 shares of the mining company’s stock valued at $56,000 after acquiring an additional 13,433 shares during the period. 32.86% of the stock is currently owned by institutional investors and hedge funds.

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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