Gold prices fell on Friday due to a stronger dollar, the Wall Street Journal reports. A stronger dollar makes gold more expensive.
Gold prices have climbed by about 15% so far this year due to market volatility, which causes safe-haven investing in gold.
Gold for April delivery is declining by 1.15% to $1,224.60 per ounce on the COMEX this afternoon.
Based in Johannesburg, Harmony is a gold mining company that operates in South Africa and Papua New Guinea.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "sell" with a ratings score of D. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and poor profit margins.
You can view the full analysis from the report here: HMY