Price Action Alert: Harmony Gold Mining Co. (ADR) Stock Price Declines Today

Price Action Alert: Harmony Gold Mining Co. (ADR) Stock Price Declines Today

The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) is a huge mover today! About 3.54 million shares traded hands. Harmony Gold Mining Co. (ADR) (NYSE:HMY) has declined 22.35% since April 14, 2016 and is downtrending. It has underperformed by 27.03% the S&P500.
The move comes after 6 months negative chart setup for the $1.11B company. It was reported on Nov, 16 by Barchart.com. We have $2.46 PT which if reached, will make NYSE:HMY worth $66.60M less.

Harmony Gold Mining Co. (ADR) (NYSE:HMY) Ratings Coverage

Out of 5 analysts covering Harmony Gold Mining (NYSE:HMY), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. Harmony Gold Mining has been the topic of 8 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, September 14 by JP Morgan. The firm has “Hold” rating given on Thursday, August 20 by Zacks. The firm earned “Hold” rating on Friday, November 11 by HSBC. On Tuesday, March 15 the stock rating was downgraded by Macquarie Research to “Underperform”. Zacks upgraded Harmony Gold Mining Co. (ADR) (NYSE:HMY) on Wednesday, August 26 to “Sell” rating. The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) has “Neutral” rating given on Friday, July 1 by Macquarie Research. The rating was downgraded by Citigroup to “Sell” on Friday, November 11. The firm has “Equal-Weight” rating given on Friday, November 11 by Morgan Stanley.

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.”

More recent Harmony Gold Mining Co. (ADR) (NYSE:HMY) news were published by: Schaeffersresearch.com which released: “Analyst Update: Harmony Gold Mining Co. (ADR), Commercial Metals Company, and …” on November 11, 2016. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Marketwatch.com‘s news article titled: “Harmony Gold Mining Co. Ltd. ADR” with publication date: December 21, 2009 was also an interesting one.

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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