Harmony Gold Mining Co. (NYSE:HMY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $3.94, but opened at $3.80. Harmony Gold Mining shares last traded at $3.67, with a volume of 8,368,264 shares traded.

Separately, Zacks Investment Research raised shares of Harmony Gold Mining from a “sell” rating to a “hold” rating and set a $3.50 price target for the company in a research note on Friday, December 20th.

The business’s 50-day simple moving average is $3.43 and its 200-day simple moving average is $3.27. The stock has a market cap of $1.86 billion, a PE ratio of 26.21 and a beta of -1.19. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 0.24.

Several hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its position in shares of Harmony Gold Mining by 2.0% in the fourth quarter. Van ECK Associates Corp now owns 65,902,282 shares of the mining company’s stock valued at $239,225,000 after acquiring an additional 1,311,453 shares during the period. Man Group plc increased its position in shares of Harmony Gold Mining by 3,876.6% in the third quarter. Man Group plc now owns 6,950,161 shares of the mining company’s stock valued at $19,738,000 after acquiring an additional 6,775,386 shares during the period. Acadian Asset Management LLC increased its position in shares of Harmony Gold Mining by 23.4% in the fourth quarter. Acadian Asset Management LLC now owns 5,732,159 shares of the mining company’s stock valued at $20,809,000 after acquiring an additional 1,085,947 shares during the period. Millennium Management LLC increased its position in shares of Harmony Gold Mining by 2,208.7% in the third quarter. Millennium Management LLC now owns 2,934,048 shares of the mining company’s stock valued at $8,332,000 after acquiring an additional 2,806,959 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Harmony Gold Mining by 9.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,968,698 shares of the mining company’s stock valued at $7,146,000 after acquiring an additional 165,000 shares during the period. Hedge funds and other institutional investors own 33.35% of the company’s stock.

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.

Further Reading: Quiet Period

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