Harmony Gold Mining Company Limited (HMY) Shares are Down -8.28%

Harmony Gold Mining Company Limited (HMY) : During the past 4 weeks, traders have been relatively bearish on Harmony Gold Mining Company Limited (HMY), hence the stock is down -5.46% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -8.25% relative to the S&P 500. The 4-week change in the price of the stock is -5.09% and the stock has fallen -8.28% in the past 1 week.

Harmony Gold Mining Company Limited is up 23.49% in the last 3-month period. Year-to-Date the stock performance stands at 340.86%. The stock has recorded a 20-day Moving Average of 8.12% and the 50-Day Moving Average is 0.65%.


Harmony Gold Mining Company Limited (NYSE:HMY): The stock opened at $4.05 on Friday but the bulls could not build on the opening and the stock topped out at $4.15 for the day. The stock traded down to $4.03 during the day, due to lack of any buying support eventually closed down at $4.10 with a loss of -0.73% for the day. The stock had closed at $4.13 on the previous day. The total traded volume was 4,706,781 shares.

Also, Equity Analysts at the Brokerage Firm, JP Morgan, upgrades their rating on the shares of Harmony Gold Mining Company Limited (NYSE:HMY). JP Morgan has a Overweight rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on July 12, 2016.

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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