Harmony Gold Mining Co. (ADR) (NYSE:HMY) Gets Downgraded


Dallas, Texas 03/24/2014 (FINANCIALSTRENDS) – Macquarie research analysts have downgraded Harmony Gold Mining Co. (ADR) (NYSE:HMY) from a “neutral” to an “underperform” rating in the report that was released to investors. Recently, numerous other firms have commented on the Harmony Gold Mining Co. (ADR) (NYSE:HMY) stock. Analysts at CIBC firm have upgraded Harmony Gold Mining Co. (ADR) (NYSE:HMY) shares from an “underperform” to a “sector perform” rating in the  research note on 11 March. Separately, the analysts at EVA Dimensions firm have upgraded Harmony Gold Mining Co. (ADR) (NYSE:HMY) shares from a “hold” to an “overweight” rating in the  research-note on 21 February.

Finally, Zacks analysts reiterated their “underperform” rating on Harmony Gold Mining Co. (ADR) (NYSE:HMY) shares in the research note on 12 February. They currently have a price target of $2.75 on the stock. Six research-analysts assigned a “sell” rating n the stock, 4 have assigned a “hold” rating and 1 has assigned a “buy” rating to the company stock. Currently, the average rating on the company is a “hold” and the average PT is  $2.75.

Harmony Gold Mining (NYSE:HMY) last posted the company’s quarterly-earnings results on 3 February 3rd. It reported earnings per share of $0.02 for the quarter. Analysts project that the company  will post earnings per share of $0.16 for the current financial year. Harmony Gold Mining Co. (ADR) (NYSE:HMY) is a gold-mining & exploration company. It has operations in South Africa & in Papua New Guinea. Harmony Gold Mining Co. (ADR) (NYSE:HMY) has 11 underground-mines, 1 open-pit-mine and numerous surface operations, largely  in the Witwatersrand Basin in South Africa and in the Kraaipan Greenstone-Belt. In PNG, Harmony Gold Mining Co. (ADR) (NYSE:HMY) has a 50% JV with the Newcrest Mining Limited in the Hidden-Valley open-pit gold & silver mine its Wafi-Golpu project, as well as various extensive exploration\- tenements.

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