Deutsche Bank AG Lowers Harmony Gold Mining Company Limited (HMY) to Sell

Harmony Gold Mining Company Limited (NYSE:HMY) was downgraded by research analysts at Deutsche Bank AG to a “sell” rating in a report released on Friday.

HMY has been the subject of several other reports. ValuEngine upgraded shares of Harmony Gold Mining Company Limited from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. BidaskClub upgraded shares of Harmony Gold Mining Company Limited from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 12th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold”.

Harmony Gold Mining Company Limited (NYSE:HMY) opened at 1.87 on Friday. The firm has a 50-day moving average price of $1.94 and a 200-day moving average price of $2.00. Harmony Gold Mining Company Limited has a 12 month low of $1.56 and a 12 month high of $3.51. The company has a market capitalization of $820.37 million, a price-to-earnings ratio of 30.66 and a beta of -1.97.

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Institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers bought a new stake in shares of Harmony Gold Mining Company Limited in the second quarter worth $103,000. Tower Research Capital LLC TRC grew its stake in shares of Harmony Gold Mining Company Limited by 5,636.3% in the first quarter. Tower Research Capital LLC TRC now owns 77,670 shares of the mining company’s stock worth $191,000 after purchasing an additional 76,316 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Harmony Gold Mining Company Limited in the second quarter worth $128,000. Two Sigma Securities LLC grew its stake in shares of Harmony Gold Mining Company Limited by 339.9% in the first quarter. Two Sigma Securities LLC now owns 79,208 shares of the mining company’s stock worth $194,000 after purchasing an additional 61,202 shares during the last quarter. Finally, Dynamic Capital Management Ltd bought a new stake in shares of Harmony Gold Mining Company Limited in the first quarter worth $199,000. 25.09% of the stock is currently owned by institutional investors.

About Harmony Gold Mining Company Limited

Harmony Gold Mining Company Limited, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company’s segments include South Africa Underground, Surface, and International. The South Africa Underground segment includes Kusasalethu, Doornkop, Phakisa, Tshepong, Masimong, Target 1, Bambanani, Joel, Unisel and Target 3.

Analyst Recommendations for Harmony Gold Mining Company Limited (NYSE:HMY)

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