Harmony Gold Mining (NYSE:HMY) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Harmony Gold Mining (NYSE:HMY) had its price objective increased by stock analysts at JPMorgan Chase & Co. from $8.20 to $8.40 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 7.03% from the stock’s previous close.

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

Harmony Gold Mining Price Performance

Harmony Gold Mining stock opened at $9.04 on Tuesday. Harmony Gold Mining has a 12 month low of $5.11 and a 12 month high of $12.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The business has a 50 day simple moving average of $10.28 and a 200-day simple moving average of $9.69.

Institutional Trading of Harmony Gold Mining

Several large investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in Harmony Gold Mining by 225.6% during the 1st quarter. SG Americas Securities LLC now owns 108,954 shares of the mining company’s stock worth $890,000 after purchasing an additional 75,494 shares during the last quarter. Atomi Financial Group Inc. boosted its position in Harmony Gold Mining by 19.7% during the first quarter. Atomi Financial Group Inc. now owns 17,031 shares of the mining company’s stock worth $139,000 after acquiring an additional 2,801 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Harmony Gold Mining during the 1st quarter valued at about $87,000. Acadian Asset Management LLC grew its stake in Harmony Gold Mining by 234.5% during the 1st quarter. Acadian Asset Management LLC now owns 876,464 shares of the mining company’s stock valued at $7,152,000 after acquiring an additional 614,445 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in Harmony Gold Mining by 123.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 37,960 shares of the mining company’s stock valued at $310,000 after acquiring an additional 20,979 shares during the last quarter. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

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.