JPMorgan Chase & Co. Issues Positive Forecast for Harmony Gold Mining (NYSE:HMY) Stock Price

Harmony Gold Mining (NYSE:HMY) had its price objective raised by JPMorgan Chase & Co. from $8.20 to $8.40 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 8.20% from the stock’s previous close.

Separately, Bank of America started coverage on shares of Harmony Gold Mining in a report on Monday, October 21st. They issued a “neutral” rating for the company.

Harmony Gold Mining Trading Down 2.2 %

Shares of Harmony Gold Mining stock traded down $0.21 during trading on Tuesday, reaching $9.15. The company’s stock had a trading volume of 814,185 shares, compared to its average volume of 4,737,729. The business has a 50 day moving average price of $10.28 and a 200-day moving average price of $9.69. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. Harmony Gold Mining has a 12-month low of $4.72 and a 12-month high of $12.29.

Institutional Trading of Harmony Gold Mining

Large investors have recently modified their holdings of the business. Hara Capital LLC purchased a new stake in Harmony Gold Mining in the 3rd quarter valued at approximately $38,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Harmony Gold Mining during the second quarter valued at $41,000. Diversified Trust Co acquired a new stake in shares of Harmony Gold Mining during the second quarter valued at $93,000. Wallace Advisory Group LLC acquired a new position in Harmony Gold Mining in the 2nd quarter valued at about $94,000. Finally, International Assets Investment Management LLC purchased a new position in Harmony Gold Mining in the 3rd quarter valued at about $1,035,000. 31.79% of the stock is currently owned by institutional investors and hedge funds.

About Harmony Gold Mining

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.