Harmony Gold Mining (NYSE:HMY) Shares Down 5.1%

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Harmony Gold Mining Co. (NYSE:HMY)’s stock price dropped 5.1% on Monday . The stock traded as low as $2.96 and last traded at $2.96, approximately 7,862,328 shares traded hands during mid-day trading. An increase of 27% from the average daily volume of 6,209,034 shares. The stock had previously closed at $3.12.

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

The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 21.14 and a beta of -1.58. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.75. The firm has a 50 day simple moving average of $3.21 and a two-hundred day simple moving average of $2.76.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in shares of Harmony Gold Mining by 21.7% during the second quarter. Renaissance Technologies LLC now owns 6,029,521 shares of the mining company’s stock worth $13,687,000 after purchasing an additional 1,073,121 shares during the period. Walleye Trading Advisors LLC acquired a new stake in shares of Harmony Gold Mining during the second quarter worth about $143,000. Commerzbank Aktiengesellschaft FI raised its position in shares of Harmony Gold Mining by 22.8% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 1,803,698 shares of the mining company’s stock worth $5,123,000 after purchasing an additional 335,118 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Harmony Gold Mining by 9.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 986,669 shares of the mining company’s stock worth $2,802,000 after purchasing an additional 85,834 shares during the period. Finally, Vanguard Group Inc. acquired a new stake in shares of Harmony Gold Mining during the second quarter worth about $79,000. 32.89% of the stock is currently owned by institutional investors.

Harmony Gold Mining Company Profile (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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