Ativo Capital Management LLC Makes New Investment in Harmony Gold Mining Company Limited (NYSE:HMY)

Ativo Capital Management LLC bought 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 filing with the Securities & Exchange Commission. The firm bought 127,655 shares of the mining company's stock, valued at approximately $1,885,000. Harmony Gold Mining accounts for 1.6% of Ativo Capital Management LLC's investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position 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 purchasing an additional 866 shares during the period. Stifel Financial Corp lifted its holdings in shares of Harmony Gold Mining by 1.6% in the fourth quarter. Stifel Financial Corp now owns 54,911 shares of the mining company's stock worth $451,000 after buying an additional 881 shares in the last quarter. Townsquare Capital LLC lifted its holdings in shares of Harmony Gold Mining by 2.2% in the fourth quarter. Townsquare Capital LLC now owns 67,741 shares of the mining company's stock worth $556,000 after buying an additional 1,464 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Harmony Gold Mining by 4.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 35,918 shares of the mining company's stock worth $295,000 after buying an additional 1,496 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Harmony Gold Mining by 3.2% in the fourth quarter. LPL Financial LLC now owns 48,774 shares of the mining company's stock worth $400,000 after buying an additional 1,496 shares in the last quarter. Institutional investors own 31.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HMY. Hsbc Global Res raised shares of Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Wall Street Zen raised shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a report on Friday, March 7th.

Harmony Gold Mining Price Performance

HMY traded up $0.12 on Friday, reaching $14.38. The company had a trading volume of 2,144,712 shares, compared to its average volume of 5,470,258. The business has a 50 day simple moving average of $14.81 and a 200 day simple moving average of $12.82. The company has a market cap of $9.12 billion, a price-to-earnings ratio of 8.51, a P/E/G ratio of 0.09 and a beta of 0.94. 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 Limited has a 52-week low of $7.97 and a 52-week high of $18.77.

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.