Banque Cantonale Vaudoise Reduces Stock Position in Harmony Gold Mining Company Limited (NYSE:HMY)

Banque Cantonale Vaudoise lowered its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 21.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,607 shares of the mining company’s stock after selling 3,665 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Harmony Gold Mining were worth $111,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in Harmony Gold Mining in the fourth quarter worth approximately $32,000. Fifth Third Bancorp purchased a new stake in Harmony Gold Mining in the fourth quarter worth approximately $34,000. Intelligence Driven Advisers LLC purchased a new stake in Harmony Gold Mining in the fourth quarter worth approximately $67,000. Citigroup Inc. boosted its holdings in Harmony Gold Mining by 59.4% in the third quarter. Citigroup Inc. now owns 19,755 shares of the mining company’s stock worth $74,000 after purchasing an additional 7,361 shares during the last quarter. Finally, Financial & Tax Architects LLC purchased a new stake in Harmony Gold Mining in the fourth quarter worth approximately $81,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Analyst Ratings Changes

HMY has been the topic of several analyst reports. 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. HSBC cut shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Harmony Gold Mining from $5.10 to $5.80 and gave the stock an “underweight” rating in a research note on Tuesday, May 28th.

Harmony Gold Mining Stock Performance

Shares of Harmony Gold Mining stock opened at $9.06 on Tuesday. The company’s fifty day simple moving average is $8.98 and its 200-day simple moving average is $7.46. Harmony Gold Mining Company Limited has a 1-year low of $3.41 and a 1-year high of $10.24. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08.

About Harmony Gold Mining

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.