Public Employees Retirement System of Ohio Buys New Position in Harmony Gold Mining Company Limited $HMY

Key Points

• Public Employees Retirement System of Ohio purchased 62,618 shares of Harmony Gold Mining during the second quarter, valued at approximately $952,000.
• Several institutional investors increased their positions, and institutional investors collectively own 31.79% of Harmony Gold Mining’s stock.
• Harmony Gold shares opened at $20.23, within a 52-week range of $13.03 to $26.06. Analysts maintain a “Moderate Buy” consensus, with one Strong Buy, two Buy, and two Hold ratings.

Public Employees Retirement System of Ohio purchased a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 62,618 shares of the mining company's stock, valued at approximately $952,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Barometer Capital Management Inc. grew its position in shares of Harmony Gold Mining by 1,118.8% during the first quarter. Barometer Capital Management Inc. now owns 117,000 shares of the mining company's stock worth $1,764,000 after acquiring an additional 107,400 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Harmony Gold Mining in the 4th quarter valued at $1,815,000. U S Global Investors Inc. boosted its stake in Harmony Gold Mining by 49.4% during the 1st quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company's stock worth $6,116,000 after purchasing an additional 131,538 shares during the period. Assetmark Inc. boosted its stake in Harmony Gold Mining by 4,535.7% during the 1st quarter. Assetmark Inc. now owns 271,653 shares of the mining company's stock worth $4,175,000 after purchasing an additional 265,793 shares during the period. Finally, Quantinno Capital Management LP grew its position in Harmony Gold Mining by 75.0% during the 1st quarter. Quantinno Capital Management LP now owns 124,760 shares of the mining company's stock worth $1,918,000 after purchasing an additional 53,466 shares during the last quarter. Institutional investors and hedge funds own 31.79% of the company's stock.

Harmony Gold Mining Price Performance

NYSE:HMY opened at $20.23 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average price is $17.94 and its 200 day moving average price is $17.31. Harmony Gold Mining Company Limited has a 1-year low of $13.03 and a 1-year high of $26.06.

Wall Street Analyst Weigh In

A number of research analysts have commented on HMY shares. Wall Street Zen upgraded shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Sunday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Harmony Gold Mining in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Harmony Gold Mining has an average rating of "Moderate Buy".

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.