Harmony Gold Mining Co. (ADR) (NYSE:HMY) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 21, 2016
Zacks Investment Research has upgraded Harmony Gold Mining Co. (ADR) (NYSE:HMY) to Hold in a statement released on 9/21/2016.
Boasting a price of $3.54, Harmony Gold Mining Co. (ADR) (NYSE:HMY) traded 11.87% higher on the day. With the last stock price close down 0.03% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Harmony Gold Mining Co. (ADR) has recorded a 50-day average of $4.00 and a two hundred day average of $3.77. Volume of trade was up over the average, with 6,985,678 shares of HMY changing hands over the typical 5,037,790
With a total market value of $0, Harmony Gold Mining Co. (ADR) has price-earnings ratio of 25.65 with a one year low of $0.53 and a one year high of $4.87 .
A total of 3 equity analysts have released a ratings update on HMY. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $3.39.
Brief Synopsis About Harmony Gold Mining Co. (ADR) (NYSE:HMY)
Harmony Gold Mining Company Limited is a gold-mining and exploration company. The Company has operations in South Africa and Papua New Guinea. In South Africa, the Company's operations are focused on the Witwatersrand Basin and the Kraaipan Greenstone Belt. The Company operates nine underground mines, one open-pit mine and several surface operations. The Company's operations in Papua New Guinea form part of a 50% joint venture with Newcrest Mining Limited. These operations include the Hidden Valley open-pit gold and silver mine, the Wafi-Golpu project and exploration tenements. In addition to its joint venture work, Harmony also has a 100%-owned exploration portfolio that focuses on prospective areas in Papua New Guinea. The Golpu project is a differentiating feature for Harmony and is one of the gold copper porphyries in South East Asia with an expected life-span of approximately 40 years. It has a diameter of approximately 600 meters and a proven depth of approximately 1,700 meters.
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