Aigen Investment Management LP Takes Position in Harmony Gold Mining Company Limited $HMY

Key Points

• Aigen Investment Management LP has acquired 25,110 shares of Harmony Gold Mining Company, valued at approximately $371,000, marking a new investment in the firm during the first quarter.
• Several hedge funds have significantly increased their stakes in Harmony Gold, with notable purchases from Renaissance Technologies and Millennium Management, reflecting growing institutional interest in the stock.
• Harmony Gold has received mixed ratings from analysts, currently holding a consensus "Hold" rating and a target price of $12.20; recent ratings adjustments include a downgrade by Hsbc Global Res and initiation by BMO Capital Markets.

Aigen Investment Management LP acquired a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 25,110 shares of the mining company's stock, valued at approximately $371,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in Harmony Gold Mining in the fourth quarter valued at about $11,903,000. Millennium Management LLC grew its position in shares of Harmony Gold Mining by 59.5% in the fourth quarter. Millennium Management LLC now owns 2,635,182 shares of the mining company's stock valued at $21,635,000 after purchasing an additional 982,740 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Harmony Gold Mining by 116.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,606,484 shares of the mining company's stock valued at $23,728,000 after buying an additional 865,632 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Harmony Gold Mining by 274.0% during the fourth quarter. Two Sigma Investments LP now owns 498,405 shares of the mining company's stock valued at $4,092,000 after acquiring an additional 365,132 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Harmony Gold Mining by 1,465.3% during the 4th quarter. Marshall Wace LLP now owns 388,204 shares of the mining company's stock worth $3,187,000 after purchasing an additional 363,404 shares during the last quarter. Hedge funds and other institutional investors own 31.79% of the company's stock.

Analyst Ratings Changes

Separately, BMO Capital Markets started coverage on 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. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Harmony Gold Mining currently has an average rating of "Hold" and a consensus price target of $12.20.

Harmony Gold Mining Stock Down 0.7%

Shares of Harmony Gold Mining stock traded down $0.12 during trading on Monday, reaching $15.32. The company had a trading volume of 1,680,058 shares, compared to its average volume of 5,812,124. The firm's fifty day moving average is $14.55 and its 200-day moving average is $14.03. Harmony Gold Mining Company Limited has a fifty-two week low of $7.97 and a fifty-two week high of $18.77. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 0.09 and a beta of 0.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.84.

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.