Market Runner: Harmony Gold Mining Co. (ADR) Declines A lot Today, Is Now One of The Worst Performer

Market Runner: Harmony Gold Mining Co. (ADR) Declines A lot Today, Is Now One of The Worst Performer

The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) is a huge mover today! The stock decreased 1.97% or $0.07 during the last trading session, hitting $3.49. About 2.58 million shares traded hands. Harmony Gold Mining Co. (ADR) (NYSE:HMY) has risen 7.06% since February 29, 2016 and is uptrending. It has underperformed by 3.37% the S&P500.
The move comes after 8 months negative chart setup for the $1.45 billion company. It was reported on Oct, 1 by Barchart.com. We have $3.28 PT which if reached, will make NYSE:HMY worth $87.00M less.

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. As per Wednesday, August 26, the company rating was upgraded by Zacks. The firm has “Underperform” rating by Macquarie Research given on Tuesday, March 15. Zacks downgraded the shares of HMY in a report on Thursday, August 20 to “Hold” rating. The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) earned “Neutral” rating by JP Morgan on Monday, September 14. The firm has “Neutral” rating given on Friday, July 1 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, is a gold-mining and exploration company. The Firm has activities in South Africa and Papua New Guinea (PNG). In South Africa the Company’s activities are focused on the world-renowned Witwatersrand Basin, as well as the Kraaipan Greenstone Belt. The Firm operates nine underground mines, one open-pit mine and several surface operations. The Company’s activities in Papua New Guinea form part of a 50% joint venture with Newcrest Mining Limited. These activities include the Hidden Valley open-pit gold and silver mine, the Wafi-Golpu project and significant 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. This project 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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