Y Intercept Hong Kong Ltd Raises Stock Position in Harmony Gold Mining Company Limited $HMY

Y Intercept Hong Kong Ltd raised its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 1,118.1% during the first quarter, HoldingsChannel.com reports. The firm owned 179,237 shares of the mining company’s stock after buying an additional 164,523 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Harmony Gold Mining were worth $2,755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Aaron Wealth Advisors LLC acquired a new position in Harmony Gold Mining during the 1st quarter valued at approximately $341,000. Kestra Private Wealth Services LLC purchased a new stake in shares of Harmony Gold Mining during the first quarter valued at $475,000. Banque Cantonale Vaudoise acquired a new position in shares of Harmony Gold Mining in the 1st quarter valued at $33,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in Harmony Gold Mining by 2.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 400,574 shares of the mining company’s stock worth $6,157,000 after acquiring an additional 9,089 shares during the last quarter. Finally, Diversified Trust Co raised its stake in Harmony Gold Mining by 66.4% in the 1st quarter. Diversified Trust Co now owns 32,106 shares of the mining company’s stock worth $493,000 after acquiring an additional 12,812 shares during the last quarter. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Down 5.5%

Shares of HMY stock opened at $15.39 on Wednesday. Harmony Gold Mining Company Limited has a twelve month low of $12.58 and a twelve month high of $26.06. The stock has a 50 day moving average of $16.50 and a 200 day moving average of $18.35. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Zacks Research upgraded Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Wall Street Zen downgraded Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Harmony Gold Mining Profile

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.