Public Employees Retirement System of Ohio Has $8.50 Million Stock Position in Harmony Gold Mining Company Limited $HMY

Public Employees Retirement System of Ohio grew its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 18.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 553,186 shares of the mining company’s stock after buying an additional 86,827 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Harmony Gold Mining were worth $8,502,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Sei Investments Co. grew its position in Harmony Gold Mining by 22.0% during the 1st quarter. Sei Investments Co. now owns 906,906 shares of the mining company’s stock worth $13,939,000 after acquiring an additional 163,409 shares during the last quarter. First Trust Advisors LP raised its position in Harmony Gold Mining by 41.0% in the first quarter. First Trust Advisors LP now owns 21,796 shares of the mining company’s stock valued at $335,000 after purchasing an additional 6,339 shares during the last quarter. Barometer Capital Management Inc. raised its position in Harmony Gold Mining by 1,118.8% in the first quarter. Barometer Capital Management Inc. now owns 117,000 shares of the mining company’s stock valued at $1,764,000 after purchasing an additional 107,400 shares during the last quarter. Summit Global Investments bought a new position in Harmony Gold Mining in the first quarter valued at about $462,000. Finally, Parallel Advisors LLC boosted its stake in shares of Harmony Gold Mining by 15.5% during the first quarter. Parallel Advisors LLC now owns 6,364 shares of the mining company’s stock valued at $98,000 after purchasing an additional 852 shares in the last quarter. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wall Street Zen upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Harmony Gold Mining currently has an average rating of “Moderate Buy”.

Harmony Gold Mining Stock Performance

HMY stock opened at $15.87 on Tuesday. The company’s 50-day moving average is $16.05 and its 200-day moving average is $17.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. Harmony Gold Mining Company Limited has a 1 year low of $12.58 and a 1 year high of $26.06.

Harmony Gold Mining Company 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.