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

Glistening Gold: JPMorgan Upgrades Harmony Gold, Gold Fields; Downgrades DRDGOLD - DRD, Gold Fields Limited NYSE:GFI

JPMorgan has revised ratings of three South African-based gold companies. The brokerage upgraded Harmony Gold Mining Co. (ADR) HMY 8.37% and Gold Fields Limited (ADR) GFI 7.98%, while downgrading DRDGOLD Ltd. (ADR) DRD 3.83%.

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

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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DateFirmActionFromTo
Jul 2016JP MorganDowngradesNeutralUnderweight
Sep 2015JP MorganDowngradesNeutral
May 2015JP MorganUpgradesNeutralOverweight

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