Banque Transatlantique SA Makes New Investment in Harmony Gold Mining Company Limited $HMY

Key Points

• Banque Transatlantique SA acquired 44,578 shares of Harmony Gold Mining Company Limited, valued at approximately $659,000, in its first-quarter filing with the SEC.
• Multiple institutional investors have increased their stakes in Harmony Gold Mining, with American Century Companies Inc. growing its holdings by 14.9% this quarter.
• Analysts have downgraded Harmony Gold Mining shares from a "strong-buy" to a "hold" rating, with a consensus price target of $12.20.

Banque Transatlantique SA purchased a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 44,578 shares of the mining company's stock, valued at approximately $659,000.

Other institutional investors also recently modified their holdings of the company. Spire Wealth Management acquired a new stake in Harmony Gold Mining in the first quarter worth $33,000. Parallel Advisors LLC raised its position in shares of Harmony Gold Mining by 71.4% during the first quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock worth $70,000 after purchasing an additional 1,961 shares during the period. Brooklyn Investment Group lifted its holdings in shares of Harmony Gold Mining by 165,766.7% during the 1st quarter. Brooklyn Investment Group now owns 4,976 shares of the mining company's stock valued at $73,000 after purchasing an additional 4,973 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Harmony Gold Mining in the 4th quarter valued at approximately $82,000. Finally, Bridgefront Capital LLC acquired a new position in shares of Harmony Gold Mining in the 4th quarter valued at approximately $97,000. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Harmony Gold Mining Stock Up 0.2%

Shares of HMY traded up $0.03 during mid-day trading on Tuesday, hitting $14.65. 3,926,201 shares of the company's stock were exchanged, compared to its average volume of 5,911,980. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41. Harmony Gold Mining Company Limited has a 52 week low of $7.97 and a 52 week high of $18.77. The company has a market cap of $9.30 billion, a PE ratio of 8.66, a P/E/G ratio of 0.12 and a beta of 0.80. The company has a 50-day simple moving average of $14.65 and a 200 day simple moving average of $14.36.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BMO Capital Markets initiated coverage on shares of Harmony Gold Mining in a research note on Thursday, July 17th. They issued a "market perform" rating and a $16.00 price target on the stock. Zacks Research lowered shares of Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $12.20.

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.