Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Buys 23,700 Shares of Harmony Gold Mining Company Limited $HMY

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. increased its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 47.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,000 shares of the mining company’s stock after buying an additional 23,700 shares during the period. Harmony Gold Mining accounts for approximately 3.3% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s investment portfolio, making the stock its 12th biggest holding. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings in Harmony Gold Mining were worth $1,343,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Colonial Trust Advisors bought a new stake in shares of Harmony Gold Mining during the second quarter valued at approximately $26,000. Farther Finance Advisors LLC increased its stake in Harmony Gold Mining by 181.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company’s stock valued at $50,000 after purchasing an additional 1,789 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in Harmony Gold Mining during the second quarter worth $55,000. Hantz Financial Services Inc. raised its holdings in Harmony Gold Mining by 533.8% during the second quarter. Hantz Financial Services Inc. now owns 4,449 shares of the mining company’s stock worth $62,000 after buying an additional 3,747 shares during the last quarter. Finally, Bayforest Capital Ltd grew its holdings in shares of Harmony Gold Mining by 973.7% during the third quarter. Bayforest Capital Ltd now owns 4,778 shares of the mining company’s stock valued at $87,000 after buying an additional 4,333 shares during the last quarter. Institutional investors own 31.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Hsbc Global Res raised Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 9th. Wall Street Zen upgraded Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Investec raised Harmony Gold Mining to a “hold” rating in a research report on Friday, October 10th. Finally, HSBC upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.00.

Harmony Gold Mining Stock Performance

Shares of NYSE HMY opened at $23.48 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72. The stock’s 50 day moving average price is $20.19 and its 200-day moving average price is $17.53. Harmony Gold Mining Company Limited has a twelve month low of $9.69 and a twelve month high of $23.80.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.