Kercheville Advisors LLC Cuts Stock Holdings in Harmony Gold Mining Company Limited (NYSE:HMY)

Kercheville Advisors LLC lessened its holdings in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 38.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,100 shares of the mining company's stock after selling 53,500 shares during the period. Kercheville Advisors LLC's holdings in Harmony Gold Mining were worth $1,272,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Ritholtz Wealth Management grew its position in Harmony Gold Mining by 4.9% during the first quarter. Ritholtz Wealth Management now owns 169,833 shares of the mining company's stock valued at $2,508,000 after buying an additional 7,994 shares during the period. GAMMA Investing LLC boosted its stake in Harmony Gold Mining by 11.1% in the first quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company's stock valued at $128,000 after acquiring an additional 866 shares during the last quarter. Parallel Advisors LLC boosted its stake in Harmony Gold Mining by 71.4% in the first quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock valued at $70,000 after acquiring an additional 1,961 shares during the last quarter. PKO Investment Management Joint Stock Co bought a new position in shares of Harmony Gold Mining during the 4th quarter valued at approximately $2,452,000. Finally, Mackenzie Financial Corp increased its stake in shares of Harmony Gold Mining by 12.0% during the 4th quarter. Mackenzie Financial Corp now owns 1,599,913 shares of the mining company's stock worth $13,135,000 after purchasing an additional 171,136 shares during the last quarter. 31.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Harmony Gold Mining Price Performance

NYSE HMY traded up $0.02 on Thursday, hitting $14.39. The stock had a trading volume of 3,391,104 shares, compared to its average volume of 5,437,720. The firm has a 50-day moving average of $15.48 and a 200-day moving average of $12.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.84. Harmony Gold Mining Company Limited has a 52-week low of $7.97 and a 52-week high of $18.77. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 8.52, a price-to-earnings-growth ratio of 0.23 and a beta of 0.98.

About Harmony Gold Mining

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.