Harmony Gold Mining (NYSE:HMY) Shares Gap Up to $10.24

Posted by Jessica Moore on Aug 27th, 2024

Harmony Gold Mining Company Limited (NYSE:HMY – Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $10.24, but opened at $10.49. Harmony Gold Mining shares last traded at $10.28, with a volume of 1,110,752 shares.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price objective on shares of Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating on the stock in a report on Wednesday, July 3rd.

Get Our Latest Research Report on HMY

Harmony Gold Mining Trading Up 0.6 %

The firm’s 50 day moving average price is $9.58 and its 200-day moving average price is $8.61. The stock has a market cap of $6.52 billion, a P/E ratio of 6.83 and a beta of 1.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HMY. GAMMA Investing LLC bought a new position in Harmony Gold Mining during the fourth quarter valued at approximately $32,000. Ashton Thomas Private Wealth LLC bought a new position in Harmony Gold Mining in the second quarter worth approximately $41,000. St. Johns Investment Management Company LLC bought a new position in Harmony Gold Mining in the first quarter worth approximately $52,000. Atlas Capital Advisors LLC purchased a new stake in shares of Harmony Gold Mining in the first quarter worth $61,000. Finally, Intelligence Driven Advisers LLC purchased a new stake in shares of Harmony Gold Mining in the fourth quarter worth $67,000. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Company Profile

(Get Free Report)

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.