Virtu Financial LLC Increases Stake in Harmony Gold Mining Company Limited (NYSE:HMY)

Virtu Financial LLC lifted its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 114.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,441 shares of the mining company’s stock after purchasing an additional 42,416 shares during the quarter. Virtu Financial LLC’s holdings in Harmony Gold Mining were worth $489,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of Harmony Gold Mining during the 4th quarter worth approximately $32,000. Fifth Third Bancorp acquired a new stake in Harmony Gold Mining in the 4th quarter valued at $34,000. Intelligence Driven Advisers LLC acquired a new stake in Harmony Gold Mining in the 4th quarter valued at $67,000. Financial & Tax Architects LLC acquired a new stake in Harmony Gold Mining in the 4th quarter valued at $81,000. Finally, Citigroup Inc. grew its stake in Harmony Gold Mining by 59.4% in the 3rd quarter. Citigroup Inc. now owns 19,755 shares of the mining company’s stock valued at $74,000 after acquiring an additional 7,361 shares during the period. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Performance

Shares of HMY stock opened at $8.77 on Wednesday. The stock’s fifty day moving average is $8.99 and its two-hundred day moving average is $7.37. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.11 and a current ratio of 1.62. Harmony Gold Mining Company Limited has a fifty-two week low of $3.41 and a fifty-two week high of $10.24.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Harmony Gold Mining from $5.10 to $5.80 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. StockNews.com cut shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Finally, HSBC cut shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a research note on Friday, April 19th.

Harmony Gold Mining Company 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.