Harmony Gold Mining Company Limited $HMY Shares Bought by Walleye Capital LLC

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 lifted its stake in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 103.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HMY. Millennium Management LLC lifted its stake in shares of Harmony Gold Mining by 59.5% in 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 during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Harmony Gold Mining by 116.8% during 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 acquiring an additional 865,632 shares during the period. Jump Financial LLC lifted its position in shares of Harmony Gold Mining by 2,655.3% during the 1st quarter. Jump Financial LLC now owns 585,608 shares of the mining company's stock valued at $8,649,000 after acquiring an additional 564,354 shares during the period. American Century Companies Inc. raised its holdings in Harmony Gold Mining by 14.9% during the first quarter. American Century Companies Inc. now owns 3,805,276 shares of the mining company's stock worth $56,204,000 after purchasing an additional 493,041 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in Harmony Gold Mining by 274.0% during the fourth quarter. Two Sigma Investments LP now owns 498,405 shares of the mining company's stock worth $4,092,000 after purchasing an additional 365,132 shares during the last quarter. Institutional investors and hedge funds own 31.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HMY shares. BMO Capital Markets initiated coverage on Harmony Gold Mining in a report on Thursday, July 17th. They set a "market perform" rating and a $16.00 price objective for the company. Zacks Research downgraded Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.20.

Harmony Gold Mining Trading Down 3.9%

Shares of Harmony Gold Mining stock opened at $15.11 on Wednesday. Harmony Gold Mining Company Limited has a 1 year low of $7.97 and a 1 year high of $18.77. The company has a market capitalization of $9.59 billion, a P/E ratio of 8.94, a P/E/G ratio of 0.10 and a beta of 0.77. The business has a 50 day moving average price of $14.67 and a 200 day moving average price of $14.20. 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 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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