Bank of New York Mellon Corp Has $713,000 Position in 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 lifted its stake in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 69.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,257 shares of the mining company's stock after purchasing an additional 19,801 shares during the period. Bank of New York Mellon Corp's holdings in Harmony Gold Mining were worth $713,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Harmony Gold Mining during the 4th quarter worth $624,000. Jump Financial LLC acquired a new stake in Harmony Gold Mining during the 4th quarter worth $174,000. Bank of America Corp DE grew its holdings in Harmony Gold Mining by 4.9% during the 4th quarter. Bank of America Corp DE now owns 1,235,498 shares of the mining company's stock worth $10,143,000 after acquiring an additional 58,138 shares during the period. GAMMA Investing LLC grew its holdings in Harmony Gold Mining by 11.1% during the 1st quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company's stock worth $128,000 after acquiring an additional 866 shares during the period. Finally, Walleye Capital LLC acquired a new stake in Harmony Gold Mining during the 4th quarter worth $985,000. Institutional investors and hedge funds own 31.79% of the company's stock.

Harmony Gold Mining Trading Up 5.6%

Shares of NYSE:HMY opened at $14.22 on Friday. The company's 50-day moving average price is $14.42 and its two-hundred day moving average price is $13.65. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.84 and a quick ratio of 1.46. Harmony Gold Mining Company Limited has a one year low of $7.97 and a one year high of $18.77. The stock has a market capitalization of $9.03 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 0.09 and a beta of 0.78.

Analyst Upgrades and Downgrades

HMY has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on shares of Harmony Gold Mining in a report on Thursday, July 17th. They set a "market perform" rating and a $16.00 target price for the company. 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. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Harmony Gold Mining has an average rating of "Hold" and an average target price of $12.20.

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.

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