Bank of America Corp DE lowered its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 57.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,682 shares of the mining company's stock after selling 170,318 shares during the period. Bank of America Corp DE's holdings in Harmony Gold Mining were worth $1,978,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Barometer Capital Management Inc. grew its holdings in shares of Harmony Gold Mining by 1,118.8% in the first quarter. Barometer Capital Management Inc. now owns 117,000 shares of the mining company's stock worth $1,764,000 after purchasing an additional 107,400 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Harmony Gold Mining during the fourth quarter valued at about $1,815,000. U S Global Investors Inc. boosted its holdings in shares of Harmony Gold Mining by 49.4% during the first quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company's stock worth $6,116,000 after purchasing an additional 131,538 shares during the period. Assetmark Inc. grew its stake in shares of Harmony Gold Mining by 4,535.7% in the first quarter. Assetmark Inc. now owns 271,653 shares of the mining company's stock worth $4,175,000 after purchasing an additional 265,793 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Harmony Gold Mining by 75.0% during the 1st quarter. Quantinno Capital Management LP now owns 124,760 shares of the mining company's stock valued at $1,918,000 after purchasing an additional 53,466 shares during the period. 31.79% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
HMY has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Harmony Gold Mining from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. Zacks Research upgraded shares of Harmony Gold Mining from a "strong sell" rating to a "hold" rating in a report on Monday, May 11th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Harmony Gold Mining in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".
Read Our Latest Report on HMY
Harmony Gold Mining Price Performance
Shares of HMY stock opened at $19.42 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.64 and a current ratio of 0.84. Harmony Gold Mining Company Limited has a one year low of $13.03 and a one year high of $26.06. The company's fifty day moving average price is $17.53 and its 200-day moving average price is $17.31.
About Harmony Gold Mining
(
Free Report)
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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