Harmony Gold Mining Co. (NYSE: HMY) was the recipient of a large drop in short-term interest rates in July. As of 13 July, there was a short-term interest rate of 3,542,344 shares, a decrease of 40.2% compared to the total of 5,925,038 shares on 29 June. Based on an average daily volume of 3,009,572 shares, the short-term ratio is currently 1.2 days.
A number of equity analysts recently commented on the shares. Zacks Investment Research increased shares of Harmony Gold Mining from a & # 39; sell & # 39; credit to a & # 39; hold & # 39; rating in a research note on Thursday, May 31. ValuEngine reduced Harmony Gold Mining shares from a & # 39; hold & # 39; credit to & # 39; sell & # 39; credit in a report on Saturday, June 2. Two stock research analysts have rated the shares with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's shares. The stock currently has an average rating of "Hold" and an average target price of $ 2.50.
A number of large investors have recently added or reduced their stake in the company. Atria Investments LLC increased its interests in Harmony Gold Mining by 58.9% in the first quarter. Atria Investments LLC now owns 93,952 shares in the mining business worth $ 225,000 after buying another 34,807 shares in the last quarter. Bank of New York Mellon Corp increased its shareholdings in Harmony Gold Mining by 193.8% in the fourth quarter. Bank of New York Mellon Corp now holds 57,772 shares in the mining business valued at $ 107,000 after the purchase of another 38,041 shares in the last quarter. First Allied Advisory Services Inc. bought a new stake in Harmony Gold Mining in the first quarter of $ 102,000. CIBC World Markets Inc. bought in the first quarter a new participation in Harmony Gold Mining worth $ 111,000. Eventually, ClariVest Asset Management LLC acquired a new stake in Harmony Gold Mining worth $ 179,000 in the first quarter. 31.53% of the shares are currently held by institutional investors.
NYSE HMY shares exchanged $ 0.06 during trading hours on Friday and reached $ 1.60. 4,818,458 shares of the shares were exchanged, compared with the average volume of 3,618,171. The company has a market capitalization of $ 729.36 million, a PE ratio of 12.31 and a beta of -1.96. Harmony Gold Mining has a 12 month low of $ 1.42 and a 12 month high of $ 2.53. The company has a short ratio of 1.61, a current ratio of 1.16 and a debt-to-equity ratio of 0.20.
About Harmony Gold Mining
Harmony Gold Mining Company Limited is engaged in the exploration and extraction of gold in South Africa and Papua New Guinea. The company also investigates copper and silver deposits. It has nine underground operations; an open mine; and various other surface activities in South Africa. The company owns interests in the Hidden Valley, an open-pit gold and silver mine; the Wafi Golpu project in the Morobe province; and the Kili Teke gold-copper exploration project in Papua New Guinea.
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