The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) is a huge mover today! About 995,814 shares traded hands. Harmony Gold Mining Co. (ADR) (NYSE:HMY) has declined 4.76% since March 4, 2016 and is downtrending. It has underperformed by 12.80% the S&P500.
The move comes after 6 months positive chart setup for the $1.24B company. It was reported on Oct, 7 by Barchart.com. We have $4.18 PT which if reached, will make NYSE:HMY worth $483.60M 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. JP Morgan downgraded the shares of HMY in a report on Monday, September 14 to “Neutral” rating. The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) has “Underperform” rating given on Tuesday, March 15 by Macquarie Research. The firm has “Hold” rating by Zacks given on Thursday, August 20. The stock has “Sell” rating given by Zacks on Wednesday, August 26. The rating was upgraded by Macquarie Research to “Neutral” on Friday, July 1.
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 Companyâ€™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 Companyâ€™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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