Acadian Asset Management LLC Boosts Stock Position in Harmony Gold Mining Company Limited $HMY

Acadian Asset Management LLC increased its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 4,004.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,460,852 shares of the mining company’s stock after buying an additional 2,400,889 shares during the period. Acadian Asset Management LLC’s holdings in Harmony Gold Mining were worth $36,333,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HMY. Goldman Sachs Group Inc. raised its stake in Harmony Gold Mining by 215.7% in the first quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock worth $82,289,000 after buying an additional 3,806,468 shares in the last quarter. Amundi raised its stake in Harmony Gold Mining by 88.9% in the first quarter. Amundi now owns 2,113,411 shares of the mining company’s stock worth $30,961,000 after buying an additional 994,888 shares in the last quarter. Millennium Management LLC raised its stake in Harmony Gold Mining by 59.5% in the fourth quarter. Millennium Management LLC now owns 2,635,182 shares of the mining company’s stock worth $21,635,000 after buying an additional 982,740 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Harmony Gold Mining by 1,490.2% in the first quarter. Cubist Systematic Strategies LLC now owns 950,136 shares of the mining company’s stock worth $14,034,000 after buying an additional 890,387 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Harmony Gold Mining by 116.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,606,484 shares of the mining company’s stock worth $23,728,000 after buying an additional 865,632 shares in the last quarter. 31.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HMY shares. Zacks Research downgraded shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. BMO Capital Markets began coverage on shares of Harmony Gold Mining in a research note on Thursday, July 17th. They issued a “market perform” rating and a $16.00 price target for the company. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $12.20.

Harmony Gold Mining Price Performance

Shares of NYSE HMY opened at $15.47 on Thursday. Harmony Gold Mining Company Limited has a fifty-two week low of $7.97 and a fifty-two week high of $18.77. The company has a 50 day simple moving average of $14.69 and a two-hundred day simple moving average of $14.37. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 0.12 and a beta of 0.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72.

Harmony Gold Mining Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.