The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) is a huge mover today! About 1.78M shares traded hands. Harmony Gold Mining Co. (ADR) (NYSE:HMY) has declined 17.03% since March 15, 2016 and is downtrending. It has underperformed by 22.52% the S&P500.
The move comes after 5 months positive chart setup for the $1.40 billion company. It was reported on Oct, 18 by Barchart.com. We have $4.06 PT which if reached, will make NYSE:HMY worth $392.00 million 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. The company was upgraded on Friday, July 1 by Macquarie Research. Macquarie Research downgraded Harmony Gold Mining Co. (ADR) (NYSE:HMY) on Tuesday, March 15 to “Underperform” rating. The firm earned “Neutral” rating on Monday, September 14 by JP Morgan. The firm earned “Sell” rating on Wednesday, August 26 by Zacks. Zacks downgraded Harmony Gold Mining Co. (ADR) (NYSE:HMY) on Thursday, August 20 to “Hold” rating.
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 news for Harmony Gold Mining Co. (ADR) (NYSE:HMY) were recently published by: Quotes.Wsj.com, which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Prnewswire.com‘s article titled: “Harmony Gold Mining Company Limited (Harmony) to present at the dbVIC …” and published on March 14, 2016 is yet another important article.
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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