TSC Ratings' Updates: Oshkosh

The following ratings changes were generated on Friday, Jan. 9.

We've upgraded Harmony Gold Mining(HMY Quote), which Limited conducts underground and surface gold mining, from sell to hold. Strengths include its compelling growth in net income, revenue growth and good cash flow from operations. However, we also find weaknesses including poor profit margins and a decline in the stock price during the past year.

Net income increased by 158.8% compared with the same quarter a year ago, outperforming the S&P 500 and the metals and mining industry. Revenue increased by 3.7% but trails the industry average of 72.5% growth. Earnings per share rose significantly compared with the year-ago quarter, and though Harmony has reported somewhat volatile earnings recently, we feel it is poised for EPS growth in the coming year. During the past fiscal year, it reported -26 cents vs. 28 cents in the prior year, but this year the market expects improvement to 46 cents. ...