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Harmony Gold Mining (NYSE:HMY) Downgraded by StockNews.com to Sell

Harmony Gold Mining (NYSE:HMYGet Rating) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Harmony Gold Mining Stock Up 0.5 %

Harmony Gold Mining stock traded up $0.02 during mid-day trading on Thursday, reaching $4.01. 3,794,380 shares of the company were exchanged, compared to its average volume of 3,831,685. Harmony Gold Mining has a twelve month low of $1.93 and a twelve month high of $5.50. The firm’s 50-day simple moving average is $3.48 and its two-hundred day simple moving average is $3.08. The company has a quick ratio of 0.94, a current ratio of 1.51 and a debt-to-equity ratio of 0.11.

Institutional Trading of Harmony Gold Mining

A number of hedge funds have recently added to or reduced their stakes in HMY. Envestnet Asset Management Inc. acquired a new stake in Harmony Gold Mining during the 1st quarter worth approximately $182,000. JPMorgan Chase & Co. raised its stake in shares of Harmony Gold Mining by 3.6% during the 1st quarter. JPMorgan Chase & Co. now owns 655,791 shares of the mining company’s stock worth $3,299,000 after buying an additional 22,584 shares in the last quarter. Raymond James & Associates purchased a new position in shares of Harmony Gold Mining during the 1st quarter worth approximately $156,000. Bank of New York Mellon Corp purchased a new position in shares of Harmony Gold Mining during the 1st quarter worth approximately $67,000. Finally, Private Advisor Group LLC purchased a new position in shares of Harmony Gold Mining during the 1st quarter worth approximately $71,000. 36.50% of the stock is owned by institutional investors and hedge funds.

About Harmony Gold Mining

(Get Rating)

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company also 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.

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