GAMMA Investing LLC Has $18.96 Million Stake in Harmony Gold Mining Company Limited (NYSE:HMY)

GAMMA Investing LLC lifted its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 1,540.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 128,337 shares of the mining company's stock after buying an additional 120,514 shares during the period. GAMMA Investing LLC's holdings in Harmony Gold Mining were worth $18,960,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of HMY. Jones Financial Companies Lllp boosted its stake in shares of Harmony Gold Mining by 230.3% in the 4th quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company's stock valued at $48,000 after purchasing an additional 4,081 shares in the last quarter. Optiver Holding B.V. bought a new position in Harmony Gold Mining in the 4th quarter valued at approximately $75,000. Quantbot Technologies LP acquired a new stake in Harmony Gold Mining in the fourth quarter valued at approximately $77,000. Capstone Investment Advisors LLC acquired a new stake in Harmony Gold Mining in the fourth quarter valued at approximately $82,000. Finally, Advisory Services Network LLC bought a new stake in shares of Harmony Gold Mining during the fourth quarter worth $87,000. 31.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Hsbc Global Res raised Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th.

Harmony Gold Mining Trading Down 5.1%

NYSE HMY traded down $0.79 on Friday, hitting $14.58. The company's stock had a trading volume of 6,016,224 shares, compared to its average volume of 5,375,509. The firm has a market cap of $9.25 billion, a PE ratio of 8.63, a PEG ratio of 0.63 and a beta of 0.98. The company's 50-day moving average is $15.36 and its 200 day moving average is $12.07. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. Harmony Gold Mining Company Limited has a 1-year low of $7.97 and a 1-year high of $18.77.

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.