Harmony Gold Mining Company Limited $HMY Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Harmony Gold Mining by 14.9%, holding approximately 3.8 million shares worth $56.2 million.
• Several institutional investors have also made significant moves, with 31.79% of Harmony's stock now owned by hedge funds and other institutions.
• BMO Capital Markets initiated coverage with a "market perform" rating and a price target of $16.00 for Harmony Gold Mining stock.

American Century Companies Inc. boosted its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 14.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,805,276 shares of the mining company's stock after purchasing an additional 493,041 shares during the period. American Century Companies Inc. owned approximately 0.60% of Harmony Gold Mining worth $56,204,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Spire Wealth Management purchased a new stake in shares of Harmony Gold Mining in the first quarter worth about $33,000. Parallel Advisors LLC lifted its holdings in Harmony Gold Mining by 71.4% in the first quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock valued at $70,000 after acquiring an additional 1,961 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Harmony Gold Mining during the 4th quarter worth approximately $75,000. Capstone Investment Advisors LLC purchased a new position in shares of Harmony Gold Mining during the 4th quarter valued at approximately $82,000. Finally, Bridgefront Capital LLC purchased a new position in shares of Harmony Gold Mining during the 4th quarter valued at approximately $97,000. Hedge funds and other institutional investors own 31.79% of the company's stock.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets assumed coverage on shares of Harmony Gold Mining in a report on Thursday, July 17th. They set a "market perform" rating and a $16.00 price target on the stock. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $12.20.

Harmony Gold Mining Price Performance

Shares of HMY traded down $0.25 during trading hours on Monday, hitting $15.74. 4,227,183 shares of the stock were exchanged, compared to its average volume of 3,154,796. The stock's 50-day moving average price is $14.65 and its two-hundred day moving average price is $14.19. Harmony Gold Mining Company Limited has a 12-month low of $7.97 and a 12-month high of $18.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.84. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 0.10 and a beta of 0.77.

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.