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Friday, September 10, 2010

Harmony Gold (NYSE:HMY) Upgraded by JP Morgan (NYSE:JPM)

JP Morgan (NYSE:JPM) analyst Steve Shepherd has upgraded Harmony Gold Mining Ltd. (NYSE:HMY) from "Neutral" to "Overweight."

Shepherd also has a price target over the next 12 months of 102 rand a share.

In the last five trading days, Harmony has made a nice move, closing Thursday at $10.88, gaining $0.14, or 1.30 percent.

Trading volume was near the 3-month average.

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