Notable Mover: Harmony Gold Mining Co. (ADR)’s Trend Down, Especially After Today’s Weak Session

Notable Mover: Harmony Gold Mining Co. (ADR)'s Trend Down, Especially After Today's Weak Session

The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) is a huge mover today! The stock decreased 7.98% or $0.19 on November 23, hitting $2.19. About 7.64 million shares traded hands or 71.30% up from the average. Harmony Gold Mining Co. (ADR) (NYSE:HMY) has declined 29.35% since April 22, 2016 and is downtrending. It has underperformed by 34.76% the S&P500.
The move comes after 9 months negative chart setup for the $917.22 million company. It was reported on Nov, 24 by Barchart.com. We have $2.01 PT which if reached, will make NYSE:HMY worth $73.38 million 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. Zacks downgraded the stock to “Hold” rating in Thursday, August 20 report. The rating was upgraded by Morgan Stanley to “Equal-Weight” on Friday, November 11. On Wednesday, August 26 the stock rating was upgraded by Zacks to “Sell”. HSBC downgraded the stock to “Hold” rating in Friday, November 11 report. The firm earned “Underperform” rating on Tuesday, March 15 by Macquarie Research. The stock has “Neutral” rating given by Macquarie Research on Friday, July 1. The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) has “Sell” rating given on Friday, November 11 by Citigroup. The company was downgraded on Monday, September 14 by JP Morgan.

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. Marketwatch.com‘s article titled: “Harmony Gold Mining Co. Ltd. ADR” and published on December 21, 2009 is yet another important article.

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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