Harmony Gold Mining Company Limited $HMY Position Increased by Acadian Asset Management LLC

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 grew its stake in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 4,004.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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 SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Spire Wealth Management acquired a new stake in Harmony Gold Mining during the first quarter worth about $33,000. Parallel Advisors LLC raised its stake in 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 acquiring an additional 1,961 shares during the period. Brooklyn Investment Group raised its stake in Harmony Gold Mining by 165,766.7% during the first quarter. Brooklyn Investment Group now owns 4,976 shares of the mining company's stock worth $73,000 after acquiring an additional 4,973 shares during the period. Banque Cantonale Vaudoise acquired a new stake in Harmony Gold Mining during the first quarter worth about $110,000. Finally, GAMMA Investing LLC raised its stake in Harmony Gold Mining by 11.1% during the first quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company's stock worth $128,000 after acquiring an additional 866 shares during the period. Institutional investors and hedge funds own 31.79% of the company's stock.

Analyst Ratings Changes

HMY has been the topic of several research reports. Zacks Research lowered shares of Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. BMO Capital Markets began coverage on shares of Harmony Gold Mining in a research report on Thursday, July 17th. They issued a "market perform" rating and a $16.00 target price for the company. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $12.20.

Harmony Gold Mining Stock Performance

NYSE HMY traded down $0.06 on Tuesday, hitting $14.97. The stock had a trading volume of 3,928,922 shares, compared to its average volume of 5,909,930. Harmony Gold Mining Company Limited has a one year low of $7.97 and a one year high of $18.77. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of 0.12 and a beta of 0.80. The company's 50-day moving average is $14.72 and its two-hundred day moving average is $14.52.

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.