MML Investors Services LLC increased its holdings in Harmony Gold Mining Company Limited (NYSE:HMY – Free Report) by 212.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,405 shares of the mining company’s stock after purchasing an additional 21,356 shares during the quarter. MML Investors Services LLC’s holdings in Harmony Gold Mining were worth $319,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Atlas Capital Advisors LLC grew its position in shares of Harmony Gold Mining by 582.1% in the 2nd quarter. Atlas Capital Advisors LLC now owns 51,296 shares of the mining company’s stock valued at $470,000 after buying an additional 43,776 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of Harmony Gold Mining in the second quarter worth approximately $1,106,000. Acadian Asset Management LLC boosted its holdings in Harmony Gold Mining by 111.5% in the second quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company’s stock valued at $16,978,000 after acquiring an additional 977,142 shares during the last quarter. Ballentine Partners LLC acquired a new stake in Harmony Gold Mining during the 2nd quarter valued at approximately $112,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Harmony Gold Mining during the 2nd quarter worth approximately $41,000. 31.79% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on HMY shares. StockNews.com lowered shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. JPMorgan Chase & Co. upped their price target on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Finally, Bank of America began coverage on Harmony Gold Mining in a research report on Monday, October 21st. They issued a “neutral” rating for the company.
Harmony Gold Mining Stock Performance
NYSE:HMY opened at $8.32 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. Harmony Gold Mining Company Limited has a twelve month low of $5.40 and a twelve month high of $12.29. The company has a fifty day moving average of $9.81 and a 200-day moving average of $9.66. The firm has a market capitalization of $5.28 billion, a P/E ratio of 5.99, a P/E/G ratio of 0.46 and a beta of 1.72.
Harmony Gold Mining 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.
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