MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduces Stake in Harmony Gold Mining Company Limited $HMY

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Harmony Gold Mining by 19.5%, owning approximately 873,508 shares valued at $12.9 million after selling 211,673 shares in the first quarter.
• Various other institutional investors, including Parallel Advisors LLC and Brooklyn Investment Group, also increased their stakes significantly during the same period.
• The current stock price of Harmony Gold Mining is $14.64, with analysts giving it a consensus rating of "Hold" and an average price target of $12.20.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its holdings in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 19.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 873,508 shares of the mining company's stock after selling 211,673 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.14% of Harmony Gold Mining worth $12,902,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Banque Transatlantique SA purchased a new stake in shares of Harmony Gold Mining in the first quarter valued at approximately $659,000. Advisors Asset Management Inc. increased its position in shares of Harmony Gold Mining by 30.2% during the first quarter. Advisors Asset Management Inc. now owns 35,783 shares of the mining company's stock worth $529,000 after purchasing an additional 8,306 shares in the last quarter. Amundi increased its position in shares of Harmony Gold Mining by 88.9% during the first quarter. Amundi now owns 2,113,411 shares of the mining company's stock worth $30,961,000 after purchasing an additional 994,888 shares in the last quarter. Aprio Wealth Management LLC increased its position in shares of Harmony Gold Mining by 49.4% during the first quarter. Aprio Wealth Management LLC now owns 38,873 shares of the mining company's stock worth $574,000 after purchasing an additional 12,858 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Harmony Gold Mining by 1,490.2% during the first quarter. Cubist Systematic Strategies LLC now owns 950,136 shares of the mining company's stock worth $14,034,000 after purchasing an additional 890,387 shares in the last quarter. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Trading Down 2.0%

HMY traded down $0.31 during mid-day trading on Friday, hitting $15.01. 5,338,972 shares of the stock were exchanged, compared to its average volume of 6,196,428. The firm's fifty day moving average is $14.72 and its two-hundred day moving average is $14.49. 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 current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. The company has a market cap of $9.53 billion, a PE ratio of 8.88, a PEG ratio of 0.12 and a beta of 0.80.

Analyst Upgrades and Downgrades

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