Fox Run Management L.L.C. Makes New $518,000 Investment in Harmony Gold Mining Company Limited $HMY

Fox Run Management L.L.C. bought a new stake in Harmony Gold Mining Company Limited (NYSE:HMY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,535 shares of the mining company’s stock, valued at approximately $518,000.

A number of other hedge funds have also bought and sold shares of HMY. Thrivent Financial for Lutherans acquired a new position in shares of Harmony Gold Mining during the 3rd quarter worth approximately $1,123,000. Ariose Capital Management Ltd bought a new stake in shares of Harmony Gold Mining in the third quarter valued at approximately $1,182,000. Alps Advisors Inc. grew its position in Harmony Gold Mining by 34.5% during the third quarter. Alps Advisors Inc. now owns 1,405,825 shares of the mining company’s stock worth $25,516,000 after buying an additional 360,673 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Harmony Gold Mining by 15.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 184,507 shares of the mining company’s stock worth $2,578,000 after acquiring an additional 24,779 shares during the period. Finally, Amundi raised its holdings in Harmony Gold Mining by 12.1% in the 2nd quarter. Amundi now owns 2,369,973 shares of the mining company’s stock valued at $33,796,000 after acquiring an additional 256,562 shares in the last quarter. 31.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HMY has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. Zacks Research downgraded shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Finally, Wall Street Zen raised shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Harmony Gold Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Harmony Gold Mining Stock Performance

Shares of NYSE HMY opened at $22.78 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41. Harmony Gold Mining Company Limited has a 12 month low of $9.69 and a 12 month high of $26.06. The stock has a 50-day moving average price of $21.51 and a two-hundred day moving average price of $18.77.

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.