Marietta Investment Partners LLC Buys Shares of 225,901 Harmony Gold Mining Company Limited (NYSE:HMY)

Key Points

• Marietta Investment Partners LLC has invested approximately $3.34 million in Harmony Gold Mining Company Limited (NYSE:HMY), acquiring 225,901 shares as reported in their recent 13F filing.
• Several other institutional investors, including American Century Companies Inc. and Millennium Management LLC, have also increased their stakes in Harmony Gold Mining, reflecting growing institutional interest in the stock.
• Harmony Gold Mining's stock currently holds a consensus rating of "Hold" from analysts, with a price target set at $12.20, as per recent research updates.

Marietta Investment Partners LLC bought a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 225,901 shares of the mining company's stock, valued at approximately $3,337,000.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Harmony Gold Mining by 11.1% during the 1st quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company's stock worth $128,000 after buying an additional 866 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Harmony Gold Mining by 1.6% during the 4th quarter. Stifel Financial Corp now owns 54,911 shares of the mining company's stock worth $451,000 after buying an additional 881 shares during the last quarter. Townsquare Capital LLC grew its stake in shares of Harmony Gold Mining by 2.2% during the fourth quarter. Townsquare Capital LLC now owns 67,741 shares of the mining company's stock worth $556,000 after buying an additional 1,464 shares during the last quarter. LPL Financial LLC grew its stake in shares of Harmony Gold Mining by 3.2% during the fourth quarter. LPL Financial LLC now owns 48,774 shares of the mining company's stock worth $400,000 after buying an additional 1,496 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in Harmony Gold Mining by 4.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 35,918 shares of the mining company's stock worth $295,000 after purchasing an additional 1,496 shares during the period. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HMY. Hsbc Global Res upgraded Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. BMO Capital Markets assumed coverage on Harmony Gold Mining in a research report on Thursday, July 17th. They issued a "market perform" rating and a $16.00 target price for the company. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.20.

Harmony Gold Mining Stock Performance

Shares of NYSE HMY traded down $0.31 during midday trading on Wednesday, hitting $13.74. 1,317,006 shares of the stock traded hands, compared to its average volume of 6,039,424. Harmony Gold Mining Company Limited has a one year low of $7.97 and a one year high of $18.77. The firm has a market capitalization of $8.72 billion, a P/E ratio of 8.13, a PEG ratio of 0.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.84. The firm has a 50-day moving average of $14.52 and a two-hundred day moving average of $13.56.

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.