Cubist Systematic Strategies LLC Grows Stock Holdings in Harmony Gold Mining Company Limited $HMY

Key Points

• Cubist Systematic Strategies LLC increased its stake in Harmony Gold Mining by 1,490.2%, acquiring 890,387 shares in the first quarter, bringing its total to 950,136 shares valued at approximately $14 million.
• Recent investments in Harmony Gold include purchases from Spire Wealth Management and Brooklyn Investment Group, contributing to 31.79% of the stock being owned by institutional investors.
• Analysts have set a consensus target price of $12.20 for Harmony Gold, with the stock currently rated as a “Hold” by five equity research analysts.

Cubist Systematic Strategies LLC grew its holdings in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 1,490.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 950,136 shares of the mining company's stock after purchasing an additional 890,387 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.15% of Harmony Gold Mining worth $14,034,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vident Advisory LLC raised its holdings in shares of Harmony Gold Mining by 25.2% in the 1st quarter. Vident Advisory LLC now owns 114,306 shares of the mining company's stock valued at $1,688,000 after purchasing an additional 23,026 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Harmony Gold Mining during the 1st quarter worth approximately $1,834,000. B. Metzler seel. Sohn & Co. AG raised its stake in shares of Harmony Gold Mining by 51.6% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 54,905 shares of the mining company's stock worth $811,000 after acquiring an additional 18,697 shares in the last quarter. Freedom Investment Management Inc. bought a new position in shares of Harmony Gold Mining during the 1st quarter worth approximately $716,000. Finally, Walleye Capital LLC raised its stake in shares of Harmony Gold Mining by 103.6% during the 1st quarter. Walleye Capital LLC now owns 244,232 shares of the mining company's stock worth $3,607,000 after acquiring an additional 124,287 shares in the last quarter. Institutional investors own 31.79% of the company's stock.

Harmony Gold Mining Stock Performance

Harmony Gold Mining stock traded up $0.09 during mid-day trading on Friday, reaching $14.10. 8,214,176 shares of the company traded hands, compared to its average volume of 5,175,555. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41. Harmony Gold Mining Company Limited has a fifty-two week low of $7.97 and a fifty-two week high of $18.77. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 0.12 and a beta of 0.80. The firm's fifty day moving average is $14.63 and its two-hundred day moving average is $14.30.

Analysts Set New Price Targets

Several research analysts recently commented on HMY shares. BMO Capital Markets started coverage on shares of 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. Zacks Research lowered shares of Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $12.20.

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.