American Century Companies Inc. Decreases Stock Position in Harmony Gold Mining Company Limited $HMY

Key Points

• American Century Companies Inc. trimmed its position in Harmony Gold by 1.8% in Q3, selling 69,018 shares and leaving 3,737,892 shares (about 0.59% ownership) valued at $67.84 million.
• Analysts hold a mixed view—one Strong Buy, one Buy and three Holds—resulting in a consensus of "Moderate Buy" with an average price target of $16.00, while the stock is trading around $20.28 (12‑month range $10.31–$26.06).

American Century Companies Inc. trimmed its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,737,892 shares of the mining company's stock after selling 69,018 shares during the quarter. American Century Companies Inc. owned 0.59% of Harmony Gold Mining worth $67,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Colonial Trust Advisors purchased a new stake in shares of Harmony Gold Mining during the second quarter valued at $26,000. Assetmark Inc. grew its stake in Harmony Gold Mining by 907.5% in the 3rd quarter. Assetmark Inc. now owns 1,753 shares of the mining company's stock worth $32,000 after acquiring an additional 1,579 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Harmony Gold Mining by 181.8% during the third quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company's stock worth $50,000 after acquiring an additional 1,789 shares during the period. First Horizon Advisors Inc. bought a new stake in shares of Harmony Gold Mining during the second quarter valued at approximately $55,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Harmony Gold Mining by 533.8% during the second quarter. Hantz Financial Services Inc. now owns 4,449 shares of the mining company's stock valued at $62,000 after acquiring an additional 3,747 shares in the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wall Street Zen raised Harmony Gold Mining from a "buy" rating to a "strong-buy" rating in a research note on Saturday, January 17th. Zacks Research cut Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 16th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Harmony Gold Mining in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $16.00.

Harmony Gold Mining Price Performance

Shares of HMY opened at $20.28 on Thursday. The company has a 50 day moving average of $21.48 and a two-hundred day moving average of $18.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72. Harmony Gold Mining Company Limited has a twelve month low of $10.31 and a twelve month high of $26.06.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.

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