Harmony Gold Mining Company Limited $HMY Stock Position Lifted by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 388.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 511,535 shares of the mining company’s stock after purchasing an additional 406,720 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.08% of Harmony Gold Mining worth $9,284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in shares of Harmony Gold Mining by 215.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock worth $82,289,000 after acquiring an additional 3,806,468 shares during the period. Invesco Ltd. raised its holdings in Harmony Gold Mining by 12,337.7% during the second quarter. Invesco Ltd. now owns 4,795,844 shares of the mining company’s stock worth $66,998,000 after purchasing an additional 4,757,285 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Harmony Gold Mining by 286.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,961,141 shares of the mining company’s stock worth $54,248,000 after buying an additional 2,936,552 shares in the last quarter. Acadian Asset Management LLC raised its position in Harmony Gold Mining by 46.9% in the second quarter. Acadian Asset Management LLC now owns 3,613,767 shares of the mining company’s stock worth $50,460,000 after acquiring an additional 1,152,915 shares in the last quarter. Finally, Amundi raised its holdings in shares of Harmony Gold Mining by 12.1% in the 2nd quarter. Amundi now owns 2,369,973 shares of the mining company’s stock worth $33,796,000 after purchasing an additional 256,562 shares in the last quarter. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Trading Down 8.6%

Shares of NYSE HMY opened at $19.40 on Friday. The business has a 50 day simple moving average of $21.09 and a 200 day simple moving average of $18.05. Harmony Gold Mining Company Limited has a 52 week low of $9.69 and a 52 week high of $26.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HMY shares. Zacks Research cut Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. HSBC upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Thursday, October 9th. Wall Street Zen raised Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Hsbc Global Res upgraded Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Harmony Gold Mining currently has an average rating of “Moderate Buy” and an average target price of $16.00.

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.