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

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. increased its position in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 14.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,805,276 shares of the mining company's stock after purchasing an additional 493,041 shares during the quarter. American Century Companies Inc. owned approximately 0.60% of Harmony Gold Mining worth $56,204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in HMY. Spire Wealth Management purchased a new position in shares of Harmony Gold Mining in the 1st quarter valued at approximately $33,000. Parallel Advisors LLC lifted its stake in shares of Harmony Gold Mining by 71.4% in the 1st quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock valued at $70,000 after purchasing an additional 1,961 shares during the period. Optiver Holding B.V. purchased a new position in Harmony Gold Mining during the fourth quarter valued at $75,000. Capstone Investment Advisors LLC purchased a new position in Harmony Gold Mining during the fourth quarter valued at $82,000. Finally, Bridgefront Capital LLC purchased a new position in Harmony Gold Mining during the fourth quarter valued at $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 began coverage on Harmony Gold Mining in a research note on Thursday, July 17th. They set a "market perform" rating and a $16.00 price objective for the company. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Harmony Gold Mining currently has a consensus rating of "Hold" and an average price target of $12.20.

Harmony Gold Mining Stock Down 2.8%

Shares of NYSE:HMY opened at $14.9350 on Wednesday. The stock has a fifty day simple moving average of $14.57 and a two-hundred day simple moving average of $14.07. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 0.09 and a beta of 0.77. 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 current ratio of 1.84, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04.

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.

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