Short Term Price Target on Harmony Gold Mining Company Limited (HMY)

Harmony Gold Mining Company Limited (NYSE:HMY) : Average target price received by Harmony Gold Mining Company Limited (NYSE:HMY) is $2.65 with an expected standard deviation of $2.16. The most aggressive target on the stock is $4, whereas the most downbeat target is $1. 2 financial analysts are currently covering the stock.

Shares of Harmony Gold Mining Company Limited rose by 8.08% in the last five trading days and 15.71% for the last 4 weeks. Harmony Gold Mining Company Limited has dropped 2.96% during the last 3-month period . Year-to-Date the stock performance stands at 288.17%.

Harmony Gold Mining Company Limited (NYSE:HMY) : Zacks Investment Research ranks Harmony Gold Mining Company Limited (NYSE:HMY) as 4, which is a Sell recommendation. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 2 research analysts is 3, which indicates as a Hold.

Harmony Gold Mining Company Limited (NYSE:HMY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.65 and $3.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.61, notching a gain of 0.28% for the day. The total traded volume was 3,107,763 . The stock had closed at $3.60 on the previous day.

Harmony Gold Mining Company Limited is a gold-mining and exploration company. The Company has operations in South Africa and Papua New Guinea. In South Africa, the Companys operations are focused on the Witwatersrand Basin and the Kraaipan Greenstone Belt. The Company operates nine underground mines, one open-pit mine and several surface operations. The Companys operations in Papua New Guinea form part of a 50% joint venture with Newcrest Mining Limited. These operations include the Hidden Valley open-pit gold and silver mine, the Wafi-Golpu project and 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 and 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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