Harmony Gold Mining Co. (ADR) (HMY) Forms $1.80 Double Bottom; 1 Bullish Analysts Covering RAIT Financial Trust (RAS)

November 15, 2017 - By Louis Casey

Harmony Gold Mining Co. (ADR) (HMY) formed double bottom with $1.64 target or 9.00% below today’s $1.80 share price. Harmony Gold Mining Co. (ADR) (HMY) has $802.79M valuation. The stock 0.28% or $0 during the last trading session, reaching $1.8. It is down 31.33% since November 15, 2016 and is downtrending. It has underperformed by 48.03% the S&P500.

Among 7 analysts covering RAIT Financial Trust (NYSE:RAS), 1 have Buy rating, 1 Sell and 5 Hold. Therefore 14% are positive. RAIT Financial Trust had 13 analyst reports since August 3, 2015 according to SRatingsIntel. Compass Point downgraded it to “Neutral” rating and $3.50 target in Thursday, December 10 report. The stock has “Outperform” rating by FBR Capital on Friday, February 26. FBR Capital initiated the shares of RAS in report on Friday, January 22 with “Outperform” rating. The stock of RAIT Financial Trust (NYSE:RAS) has “Buy” rating given on Monday, March 14 by Deutsche Bank. The firm earned “Market Underperform” rating on Wednesday, August 9 by JMP Securities. The firm has “Mkt Perform” rating by JMP Securities given on Wednesday, December 9. The company was downgraded on Thursday, March 2 by Deutsche Bank. On Tuesday, August 15 the stock rating was downgraded by FBR Capital to “Hold”. The rating was upgraded by Ladenburg Thalmann to “Buy” on Monday, August 3. Deutsche Bank maintained RAIT Financial Trust (NYSE:RAS) rating on Tuesday, August 15. Deutsche Bank has “Hold” rating and $1.6 target. See RAIT Financial Trust (NYSE:RAS) latest ratings:

15/08/2017 Broker: FBR Capital Rating: Hold New Target: $1.2500 Downgrade
15/08/2017 Broker: Deutsche Bank Rating: Hold Old Target: $2.75 New Target: $1.6 Maintain
09/08/2017 Broker: JMP Securities Old Rating: Market Perform New Rating: Market Underperform Downgrade

RAIT Financial Trust is a real estate investment trust (REIT). The company has market cap of $34.64 million. The Firm focuses on providing commercial real estate (CRE) financing throughout the United States. It currently has negative earnings. The core of its business is a full service CRE lending platform focused on first lien loans.

The stock decreased 5.48% or $0.022 during the last trading session, reaching $0.372. About shares traded. RAIT Financial Trust (NYSE:RAS) has declined 22.26% since November 15, 2016 and is downtrending. It has underperformed by 38.96% the S&P500.

Investors sentiment decreased to 1.04 in 2017 Q2. Its down 0.26, from 1.3 in 2017Q1. It worsened, as 16 investors sold RAIT Financial Trust shares while 32 reduced holdings. 19 funds opened positions while 31 raised stakes. 54.63 million shares or 0.27% less from 54.77 million shares in 2017Q1 were reported. Grp Inc Incorporated, New York-based fund reported 56,970 shares. Voya Invest Mgmt Ltd Liability Corp owns 65,583 shares for 0% of their portfolio. Private Advisor Gru Ltd Limited Liability Company invested in 0% or 15,086 shares. Parametric Portfolio Assoc Limited Liability Corporation reported 498,382 shares stake. Gsa Ptnrs Limited Liability Partnership accumulated 265,132 shares. Lpl Ltd Com owns 0% invested in RAIT Financial Trust (NYSE:RAS) for 24,612 shares. Renaissance Tech Ltd Liability stated it has 0.01% of its portfolio in RAIT Financial Trust (NYSE:RAS). Bard Associate accumulated 14,000 shares. Jane Street Gp Limited Com reported 29,106 shares. Ny State Teachers Retirement owns 0% invested in RAIT Financial Trust (NYSE:RAS) for 8,200 shares. 683 are held by Citigroup Inc. Los Angeles Capital And Equity Research stated it has 135,480 shares. Morgan Stanley stated it has 570,474 shares or 0% of all its holdings. Wells Fargo & Mn has invested 0% in RAIT Financial Trust (NYSE:RAS). Credit Agricole S A reported 619,629 shares.

Since June 1, 2017, it had 2 insider buys, and 0 sales for $169,340 activity. Malter Michael J. bought 12,000 shares worth $66,150. Shares for $103,190 were bought by Wren Thomas D.

Among 7 analysts covering Harmony Gold Mining (NYSE:HMY), 0 have Buy rating, 2 Sell and 5 Hold. Therefore 0 are positive. Harmony Gold Mining had 11 analyst reports since August 20, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Friday, October 13 by Deutsche Bank. The rating was downgraded by Citigroup on Friday, November 11 to “Sell”. The firm has “Hold” rating by HSBC given on Friday, November 11. The rating was downgraded by JP Morgan to “Neutral” on Monday, September 14. The firm has “Hold” rating given on Thursday, August 20 by Zacks. The firm has “Sell” rating by Zacks given on Wednesday, August 26. On Friday, July 1 the stock rating was upgraded by Macquarie Research to “Neutral”. The company was downgraded on Tuesday, March 15 by Macquarie Research. The stock of Harmony Gold Mining Co. (ADR) (NYSE:HMY) has “Neutral” rating given on Friday, October 20 by Bank of America. Morgan Stanley upgraded Harmony Gold Mining Co. (ADR) (NYSE:HMY) on Friday, November 11 to “Equal-Weight” rating.

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