Harmony Gold Mining Company Limited $HMY Shares Bought by Jump Financial LLC

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 grew its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 2,655.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 585,608 shares of the mining company's stock after purchasing an additional 564,354 shares during the period. Jump Financial LLC owned approximately 0.09% of Harmony Gold Mining worth $8,649,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its stake 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 in the last quarter. Stifel Financial Corp lifted its stake in Harmony Gold Mining by 1.6% in the 4th quarter. Stifel Financial Corp now owns 54,911 shares of the mining company's stock valued at $451,000 after buying an additional 881 shares in the last quarter. LPL Financial LLC lifted its stake in Harmony Gold Mining by 3.2% in the 4th quarter. LPL Financial LLC now owns 48,774 shares of the mining company's stock valued at $400,000 after buying an additional 1,496 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in Harmony Gold Mining by 4.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 35,918 shares of the mining company's stock valued at $295,000 after buying an additional 1,496 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in Harmony Gold Mining by 71.4% in the 1st quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock valued at $70,000 after buying an additional 1,961 shares in the last quarter. Institutional investors and hedge funds own 31.79% of the company's stock.

Harmony Gold Mining Stock Up 6.2%

NYSE:HMY traded up $0.79 during mid-day trading on Friday, hitting $13.40. The company had a trading volume of 4,519,230 shares, compared to its average volume of 5,794,674. The business has a fifty day simple moving average of $14.64 and a 200-day simple moving average of $14.20. The company has a current ratio of 1.84, a quick ratio of 1.46 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. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 0.09 and a beta of 0.77.

Analyst Upgrades and Downgrades

HMY has been the topic of a number of recent research reports. BMO Capital Markets initiated coverage on Harmony Gold Mining in a research note on Thursday, July 17th. They issued a "market perform" rating and a $16.00 target price on the stock. Zacks Research lowered 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, Based on data from MarketBeat.com, Harmony Gold Mining presently has an average rating of "Hold" and an average target price of $12.20.

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.