Bank of New York Mellon Corp Buys 19,801 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Key Points

• Bank of New York Mellon Corp increased its stake in Harmony Gold Mining Company Limited by 69.6% to a total of 48,257 shares, valued at approximately $713,000.
• Multiple institutional investors have also modified their holdings, with Bank of America Corp DE expanding its share count by 4.9% and now holding over 1.2 million shares, valued at around $10.1 million.
• The stock has seen a 5.6% rise recently, currently priced at $14.22, with analysts giving it an average rating of "Hold" and a target price of $12.20.

Bank of New York Mellon Corp grew its stake in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 69.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,257 shares of the mining company's stock after buying an additional 19,801 shares during the period. Bank of New York Mellon Corp's holdings in Harmony Gold Mining were worth $713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HMY. Raymond James Financial Inc. acquired a new stake in shares of Harmony Gold Mining in the fourth quarter valued at about $624,000. LPL Financial LLC grew its stake in Harmony Gold Mining by 3.2% during the fourth quarter. LPL Financial LLC now owns 48,774 shares of the mining company's stock worth $400,000 after purchasing an additional 1,496 shares during the period. Schroder Investment Management Group grew its stake in Harmony Gold Mining by 18.3% during the fourth quarter. Schroder Investment Management Group now owns 398,580 shares of the mining company's stock worth $3,244,000 after purchasing an additional 61,541 shares during the period. B. Metzler seel. Sohn & Co. AG grew its stake in Harmony Gold Mining by 92.1% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 36,208 shares of the mining company's stock worth $297,000 after purchasing an additional 17,358 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Harmony Gold Mining by 31.0% during the fourth quarter. Wells Fargo & Company MN now owns 45,942 shares of the mining company's stock worth $377,000 after purchasing an additional 10,860 shares during the period. Institutional investors and hedge funds own 31.79% of the company's stock.

Harmony Gold Mining Stock Up 0.2%

Harmony Gold Mining stock traded up $0.04 during mid-day trading on Wednesday, reaching $15.93. The stock had a trading volume of 1,587,115 shares, compared to its average volume of 5,974,060. 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 fifty-two week low of $7.97 and a fifty-two week high of $18.77. The stock's 50-day simple moving average is $14.44 and its 200-day simple moving average is $13.73. The firm has a market capitalization of $10.11 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.09 and a beta of 0.77.

Analyst Ratings Changes

Several equities research analysts recently commented on HMY shares. Hsbc Global Res raised Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. 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 target price for the company. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Harmony Gold Mining presently has an average rating of "Hold" and an average target price of $12.20.

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.