Zacks Rating on Harmony Gold Mining Company Limited (HMY)

Harmony Gold Mining Company Limited (HMY) : 1 analysts are covering Harmony Gold Mining Company Limited (HMY) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Harmony Gold Mining Company Limited has lost 7.19% in the last five trading days and dropped 0.74% in the last 4 weeks. Harmony Gold Mining Company Limited is up 33.33% in the last 3-month period. Year-to-Date the stock performance stands at 330.11%. Harmony Gold Mining Company Limited (NYSE:HMY): On Tuesdays trading session , Opening price of the stock was $4.05 with an intraday high of $4.12. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4. However, the stock managed to close at $4, a loss of 1.23% for the day. On the previous day, the stock had closed at $4.05. The total traded volume of the day was 2,821,435 shares.

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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