Glistening Gold: JPMorgan Upgrades Harmony Gold, Gold Fields; Downgrades DRDGOLD

JPMorgan has revised ratings of three South African-based gold companies. The brokerage upgraded Harmony Gold Mining Co. (ADR) HMY and Gold Fields Limited (ADR) GFI, while downgrading DRDGOLD Ltd. (ADR) DRD.

The brokerage has upgraded Harmony Gold Mining Co to Overweight and Gold Fields to Neutral. On the other hand, it downgraded DRDGold to Underweight.

Related Link: Macqurie Upgrades Harmony Gold Mining Co To Neutral

At Time Of Writing...

  • Harmony Gold ADRs were down 0.88 percent to $4.48, while analysts have a mean price target of $4.39.
  • Gold Fields were flat at $5.77. Analysts' mean target was $5.05.
  • DRDGold fell 4.88 percent to $8.39, while analysts' mean target was $5.67.
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