Dorsey Wright & Associates Sells 31,370 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Dorsey Wright & Associates reduced its stake in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 10.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,929 shares of the mining company's stock after selling 31,370 shares during the quarter. Dorsey Wright & Associates' holdings in Harmony Gold Mining were worth $3,839,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HMY. Raymond James Financial Inc. acquired a new stake in shares of Harmony Gold Mining in the 4th quarter valued at about $624,000. Jump Financial LLC bought a new position in shares of Harmony Gold Mining during the fourth quarter worth about $174,000. Bank of America Corp DE raised its position in Harmony Gold Mining by 4.9% in the 4th quarter. Bank of America Corp DE now owns 1,235,498 shares of the mining company's stock valued at $10,143,000 after buying an additional 58,138 shares during the last quarter. GAMMA Investing LLC raised its position in Harmony Gold Mining by 11.1% in the 1st quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company's stock valued at $128,000 after buying an additional 866 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in Harmony Gold Mining in the 4th quarter valued at approximately $985,000. 31.79% of the stock is owned by institutional investors.

Harmony Gold Mining Stock Down 4.1%

HMY stock traded down $0.61 during mid-day trading on Thursday, reaching $14.22. The company had a trading volume of 3,177,187 shares, compared to its average volume of 3,214,806. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 0.09 and a beta of 0.94. Harmony Gold Mining Company Limited has a 52 week low of $7.97 and a 52 week high of $18.77. The stock has a 50 day simple moving average of $14.57 and a two-hundred day simple moving average of $13.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.84 and a quick ratio of 1.46.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HMY. BMO Capital Markets initiated 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 target for the company. Hsbc Global Res raised shares of Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.