Harmony Gold Mining (NYSE:HMY) Hits New 12-Month High – Time to Buy?

Harmony Gold Mining Company Limited (NYSE:HMY)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $12.44 and last traded at $12.32, with a volume of 561331 shares traded. The stock had previously closed at $12.00.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HMY shares. JPMorgan Chase & Co. raised their target price on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Bank of America initiated coverage on shares of Harmony Gold Mining in a research report on Monday, October 21st. They issued a “neutral” rating on the stock. Finally, StockNews.com lowered Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th.

Harmony Gold Mining Stock Down 1.9 %

The business has a 50-day moving average of $9.52 and a 200-day moving average of $9.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07.

Institutional Trading of Harmony Gold Mining

A number of large investors have recently bought and sold shares of HMY. Van ECK Associates Corp grew its stake in shares of Harmony Gold Mining by 3.3% in the 3rd quarter. Van ECK Associates Corp now owns 68,895,088 shares of the mining company’s stock valued at $700,663,000 after purchasing an additional 2,206,537 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Harmony Gold Mining by 5.5% during the fourth quarter. American Century Companies Inc. now owns 3,312,235 shares of the mining company’s stock worth $27,193,000 after purchasing an additional 171,282 shares during the period. Wellington Management Group LLP grew its position in Harmony Gold Mining by 76.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,676,433 shares of the mining company’s stock valued at $27,219,000 after buying an additional 1,162,292 shares during the last quarter. ABC Arbitrage SA acquired a new position in Harmony Gold Mining in the 4th quarter valued at $20,229,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Harmony Gold Mining by 27.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,263 shares of the mining company’s stock worth $8,057,000 after buying an additional 170,175 shares during the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

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.