Harmony Gold Mining Co. (NYSE:HMY) shares were up 7% on Monday . The stock traded as high as $1.88 and last traded at $1.83. Approximately 9,486,960 shares changed hands during trading, an increase of 102% from the average daily volume of 4,696,968 shares. The stock had previously closed at $1.71.

Several research analysts have weighed in on HMY shares. ValuEngine upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Deutsche Bank upgraded Harmony Gold Mining from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Finally, Bank of America lowered Harmony Gold Mining from a “buy” rating to a “neutral” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold”.

The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02.

Institutional investors have recently modified their holdings of the company. U S Global Investors Inc. lifted its holdings in shares of Harmony Gold Mining by 14.3% in the third quarter. U S Global Investors Inc. now owns 476,500 shares of the mining company’s stock valued at $871,000 after purchasing an additional 59,608 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Harmony Gold Mining in the third quarter valued at about $1,353,000. HighTower Advisors LLC bought a new stake in shares of Harmony Gold Mining in the second quarter valued at about $245,000. Wells Fargo & Company MN lifted its holdings in shares of Harmony Gold Mining by 39.8% in the second quarter. Wells Fargo & Company MN now owns 520,689 shares of the mining company’s stock valued at $859,000 after purchasing an additional 148,294 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Harmony Gold Mining by 419.9% in the third quarter. Jane Street Group LLC now owns 1,612,863 shares of the mining company’s stock valued at $2,952,000 after purchasing an additional 1,302,658 shares in the last quarter. Institutional investors own 24.21% of the company’s stock.

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About Harmony Gold Mining

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.

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