The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) is a huge mover today! About 3.01M shares traded hands. Harmony Gold Mining Co. (ADR) (NYSE:HMY) has declined 7.82% since April 5, 2016 and is downtrending. It has underperformed by 9.77% the S&P500.
The move comes after 5 months positive chart setup for the $1.28B company. It was reported on Nov, 8 by Barchart.com. We have $4.95 PT which if reached, will make NYSE:HMY worth $729.60M more.
Harmony Gold Mining Co. (ADR) (NYSE:HMY) Ratings Coverage
Out of 2 analysts covering Harmony Gold Mining (NYSE:HMY), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Harmony Gold Mining has been the topic of 5 analyst reports since August 20, 2015 according to StockzIntelligence Inc. On Thursday, August 20 the stock rating was downgraded by Zacks to “Hold”. The firm earned “Neutral” rating on Monday, September 14 by JP Morgan. Zacks upgraded the stock to “Sell” rating in Wednesday, August 26 report. The stock has “Neutral” rating given by Macquarie Research on Friday, July 1. The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) has “Underperform” rating given on Tuesday, March 15 by Macquarie Research.
According to Zacks Investment Research, “Harmony Gold Mining Company Ltd. is a mining company which produces gold from its operations in the distrcit of Virginia, Orange Free State.”
Another recent and important Harmony Gold Mining Co. (ADR) (NYSE:HMY) news was published by Quotes.Wsj.com which published an article titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011.
HMY Company Profile
Harmony Gold Mining Company Limited, incorporated on August 25, 1950, through its subsidiaries, is engaged in gold mining and related activities, including exploration, extraction and processing. The Company’s divisions 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. The Surface segment comprises the Company’s other surface operations. The Company’s International segment comprises Hidden Valley Project. The Firm has activities in South Africa and Papua New Guinea (PNG). The Company’s principal product is the Gold bullion. The Company’s exploration projects include Golpu project and Kili Teke prospect. The Firm has approximately nine underground mines, one open pit operation and several surface sources in South Africa. The Company’s subsidiaries include Lydenburg Exploration Limited, Tswelopele Beneficiation Operation (TBO) and Harmony Copper Limited.
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