Jump Financial LLC Boosts Holdings in Harmony Gold Mining Company Limited $HMY

Key Points

• Jump Financial LLC increased its holdings in Harmony Gold Mining Company Limited by an astonishing 2,655.3% during the 1st quarter, acquiring a total of 585,608 shares valued at approximately $8.65 million.
• Several institutional investors, including Compound Planning Inc. and BI Asset Management Fondsmaeglerselskab A S, also significantly raised their positions in Harmony Gold, indicating increased institutional interest in the company.
• BMO Capital Markets has initiated coverage on Harmony Gold, setting a "market perform" rating with a target price of $16.00, while the average target price among analysts stands at $12.20.

Jump Financial LLC boosted its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 2,655.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 585,608 shares of the mining company's stock after acquiring an additional 564,354 shares during the period. Jump Financial LLC owned 0.09% of Harmony Gold Mining worth $8,649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management purchased a new position in shares of Harmony Gold Mining in the 1st quarter worth $33,000. Parallel Advisors LLC boosted its stake in shares of Harmony Gold Mining by 71.4% during the 1st quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock worth $70,000 after purchasing an additional 1,961 shares during the period. Brooklyn Investment Group boosted its stake in shares of Harmony Gold Mining by 165,766.7% during the 1st quarter. Brooklyn Investment Group now owns 4,976 shares of the mining company's stock worth $73,000 after purchasing an additional 4,973 shares during the period. Banque Cantonale Vaudoise bought a new stake in Harmony Gold Mining during the 1st quarter valued at about $110,000. Finally, GAMMA Investing LLC lifted its holdings in Harmony Gold Mining by 11.1% during 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 in the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Trading Down 14.2%

Harmony Gold Mining stock traded down $2.09 during midday trading on Thursday, hitting $12.59. 13,959,227 shares of the stock were exchanged, compared to its average volume of 5,802,654. The company has a current ratio of 1.84, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 0.09 and a beta of 0.77. The stock's 50-day simple moving average is $14.67 and its 200 day simple moving average is $14.20. Harmony Gold Mining Company Limited has a fifty-two week low of $7.97 and a fifty-two week high of $18.77.

Analyst Ratings Changes

HMY has been the subject of a number of research analyst reports. Zacks Research lowered shares of Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. BMO Capital Markets began 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. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.