Acadian Asset Management LLC Has $36.33 Million Stake in Harmony Gold Mining Company Limited $HMY

Key Points

• Acadian Asset Management LLC significantly increased its stake in Harmony Gold Mining by 4,004.0%, acquiring an additional 2,400,889 shares in the first quarter, bringing its total ownership to 2,460,852 shares valued at approximately $36 million.
• Other institutional investors have also been active, with notable increases including Brooklyn Investment Group, which boosted its position by 165,766.7%, and Parallel Advisors LLC increasing by 71.4% during the same period.
• Harmony Gold Mining's current stock price is $15.47, with analysts giving it a consensus rating of "Hold" and an average target price of $12.20.

Acadian Asset Management LLC increased its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 4,004.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,460,852 shares of the mining company's stock after purchasing an additional 2,400,889 shares during the quarter. Acadian Asset Management LLC owned approximately 0.39% of Harmony Gold Mining worth $36,333,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in Harmony Gold Mining by 215.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company's stock worth $82,289,000 after acquiring an additional 3,806,468 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Harmony Gold Mining by 210.4% during the 1st quarter. Jones Financial Companies Lllp now owns 18,165 shares of the mining company's stock worth $268,000 after buying an additional 12,312 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Harmony Gold Mining in the first quarter worth $659,000. Advisors Asset Management Inc. grew its stake in shares of Harmony Gold Mining by 30.2% in the first quarter. Advisors Asset Management Inc. now owns 35,783 shares of the mining company's stock worth $529,000 after purchasing an additional 8,306 shares in the last quarter. Finally, Amundi boosted its stake in Harmony Gold Mining by 88.9% during the first quarter. Amundi now owns 2,113,411 shares of the mining company's stock valued at $30,961,000 after buying an additional 994,888 shares in the last quarter. Hedge funds and other institutional investors own 31.79% of the company's stock.

Harmony Gold Mining Trading Down 2.0%

Shares of Harmony Gold Mining stock traded down $0.31 during trading hours on Friday, hitting $15.01. The company's stock had a trading volume of 5,338,972 shares, compared to its average volume of 6,042,659. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41. The company has a market capitalization of $9.53 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.13 and a beta of 0.80. The stock has a 50 day moving average of $14.72 and a 200 day moving average of $14.46. Harmony Gold Mining Company Limited has a 12 month low of $7.97 and a 12 month high of $18.77.

Analyst Ratings Changes

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