Fmr LLC Raises Stock Holdings in Harmony Gold Mining Company Limited (NYSE:HMY)

Fmr LLC increased its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 522.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,620 shares of the mining company’s stock after purchasing an additional 32,417 shares during the period. Fmr LLC’s holdings in Harmony Gold Mining were worth $393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Assenagon Asset Management S.A. purchased a new position in shares of Harmony Gold Mining in the 2nd quarter worth about $1,386,000. Hennion & Walsh Asset Management Inc. boosted its stake in Harmony Gold Mining by 20.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 14,137 shares of the mining company’s stock worth $130,000 after buying an additional 2,377 shares in the last quarter. Atlas Capital Advisors LLC grew its position in Harmony Gold Mining by 582.1% during the second quarter. Atlas Capital Advisors LLC now owns 51,296 shares of the mining company’s stock valued at $470,000 after acquiring an additional 43,776 shares during the last quarter. Ritholtz Wealth Management purchased a new position in shares of Harmony Gold Mining during the second quarter worth approximately $1,106,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Harmony Gold Mining by 111.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company’s stock worth $16,978,000 after acquiring an additional 977,142 shares during the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HMY shares. Bank of America assumed coverage on shares of Harmony Gold Mining in a report on Monday, October 21st. They set a “neutral” rating on the stock. StockNews.com cut Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a report on Tuesday, November 12th.

Harmony Gold Mining Stock Performance

NYSE:HMY opened at $8.34 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. Harmony Gold Mining Company Limited has a fifty-two week low of $5.40 and a fifty-two week high of $12.29. The business has a 50 day moving average price of $9.86 and a 200-day moving average price of $9.66. The firm has a market cap of $5.29 billion, a PE ratio of 6.00, a price-to-earnings-growth ratio of 0.46 and a beta of 1.72.

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.