Walleye Capital LLC Acquires 124,287 Shares of Harmony Gold Mining Company Limited $HMY

Key Points

• Walleye Capital LLC increased its stake in Harmony Gold Mining by 103.6% in the first quarter, holding 244,232 shares now valued at $3.6 million.
• Several institutional investors, including Millennium Management LLC and Jump Financial LLC, significantly increased their holdings in Harmony Gold Mining, contributing to a stronger institutional presence in the company.
• Following recent analyst reports, Harmony Gold Mining's stock rating was downgraded by Zacks Research from "strong-buy" to "hold," with a price target of $12.20.

Walleye Capital LLC boosted its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 103.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 244,232 shares of the mining company's stock after purchasing an additional 124,287 shares during the period. Walleye Capital LLC's holdings in Harmony Gold Mining were worth $3,607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of Harmony Gold Mining by 14.9% in the 1st quarter. American Century Companies Inc. now owns 3,805,276 shares of the mining company's stock valued at $56,204,000 after purchasing an additional 493,041 shares during the period. Millennium Management LLC grew its position in Harmony Gold Mining by 59.5% during the fourth quarter. Millennium Management LLC now owns 2,635,182 shares of the mining company's stock valued at $21,635,000 after purchasing an additional 982,740 shares in the last quarter. Mackenzie Financial Corp increased its stake in Harmony Gold Mining by 15.1% in the 1st quarter. Mackenzie Financial Corp now owns 1,840,989 shares of the mining company's stock valued at $27,191,000 after buying an additional 241,076 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Harmony Gold Mining by 116.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,606,484 shares of the mining company's stock valued at $23,728,000 after buying an additional 865,632 shares during the period. Finally, Lazard Asset Management LLC increased its stake in Harmony Gold Mining by 32.1% in the 4th quarter. Lazard Asset Management LLC now owns 1,248,459 shares of the mining company's stock valued at $10,249,000 after buying an additional 303,723 shares during the period. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Up 5.3%

Shares of HMY traded up $0.66 during trading hours on Monday, hitting $13.27. 8,691,707 shares of the company were exchanged, compared to its average volume of 4,335,171. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72. The company has a market cap of $8.43 billion, a PE ratio of 7.85, a PEG ratio of 0.08 and a beta of 0.80. The firm's 50 day moving average is $14.59 and its 200-day moving average is $14.26. Harmony Gold Mining Company Limited has a 52 week low of $7.97 and a 52 week high of $18.77.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. BMO Capital Markets assumed coverage on shares of Harmony Gold Mining in a research note on Thursday, July 17th. They issued a "market perform" rating and a $16.00 price objective on the stock. 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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently 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.