More problems for Harmony Gold as share price slumps

Harmony is joint owner of the Hidden Valley mine

Harmony is joint owner of the Hidden Valley mine

Company Shares of Harmony Gold Mining Company Limited Drops by -7.6%

Andy Baskin | Insider Trading Report

Harmony Gold Mining Company Limited has lost 7.6% during the past week and dropped 22.64% in the last 4 weeks. The shares are negative as compared to the S&P 500 for the past week with a loss of 8.66%. Harmony Gold Mining Company Limited has underperformed the index by 23.64% in the last 4 weeks. Investors should watch out for further signals and trade with caution. Harmony Gold Mining Company Limited has dropped 48.56% during the last 3-month period . Year-to-Date the stock performance stands at -47.2%.

The company shares have dropped 67.21% in the past 52 Weeks. On August 12, 2014 The shares registered one year high of $3.23 and one year low was seen on July 30, 2015 at $0.94. The 50-day moving average is $1.23 and the 200 day moving average is recorded at $1.88. S&P 500 has rallied 8.5% during the last 52-weeks. The company has received recommendation from many analysts. The shares have been rated as hold from 1 Wall Street Analysts. 1 analysts have suggested buy for the company. Underperform rating was given by 1 analyst.

Harmony Gold Mining Company Limited: On Friday heightened volatility was witnessed in Harmony Gold Mining Company Limited which led to swings in the share price. The shares opened for trading at $1 and hit $1.03 on the upside, eventually ending the session at $0.9979, with a gain of 5.6% or 0.0529 points. The heightened volatility saw the trading volume jump to 1,104,878 shares. The 52-week high of the share price is $3.23 and the company has a market cap of $435 million. The 52-week low of the share price is at $0.94.

Institutional Investors own 29% of Company shares. During last 3 month period, 0.47% of total institutional ownership has changed in the company shares.

Harmony Gold Mining Company Limited is a gold-mining and exploration company. The Company has operations in South Africa and Papua New Guinea (PNG). The Company has 11 underground mines, one open-pit mine and several surface operations, mostly in South Africas Witwatersrand Basin, as well as in the Kraaipan Greenstone Belt. In PNG, the Company has a 50% joint venture with Newcrest Mining Limited in the Hidden Valley open-pit gold and silver mine, the Wafi-Golpu project, and extensive exploration tenements. Its own (100%-owned) exploration portfolio focuses principally on highly-prospective areas in PNG. As of June 30, 2013, the Company’s mining operations reported total proved and probable reserves of 51.5 million ounces (including gold equivalent ounces), primarily from South African sources. During the fiscal year ended June 30, 2013 (fiscal 2013), the Company processed 20.7 million tons of ore.

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Filed under Financial returns, Pacific region

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