Public Employees Retirement System of Ohio Has $8.50 Million Stake in Harmony Gold Mining Company Limited $HMY

Public Employees Retirement System of Ohio lifted its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 18.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 553,186 shares of the mining company's stock after acquiring an additional 86,827 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.09% of Harmony Gold Mining worth $8,502,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. FIL Ltd acquired a new stake in Harmony Gold Mining during the 4th quarter valued at $111,182,000. Goldman Sachs Group Inc. increased its holdings in shares of Harmony Gold Mining by 215.7% in the first quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company's stock valued at $82,289,000 after purchasing an additional 3,806,468 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Harmony Gold Mining by 286.6% in the second quarter. AQR Capital Management LLC now owns 3,961,141 shares of the mining company's stock valued at $54,248,000 after purchasing an additional 2,936,552 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Harmony Gold Mining by 7,504.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,306,431 shares of the mining company's stock valued at $41,862,000 after purchasing an additional 2,276,099 shares during the period. Finally, Man Group plc lifted its stake in shares of Harmony Gold Mining by 1,801.7% during the 2nd quarter. Man Group plc now owns 1,985,093 shares of the mining company's stock worth $27,732,000 after buying an additional 1,880,708 shares during the last quarter. 31.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HMY. Zacks Research raised shares of Harmony Gold Mining from a "strong sell" rating to a "hold" rating in a report on Monday, May 11th. Morgan Stanley upgraded Harmony Gold Mining to an "overweight" rating in a report on Thursday, April 16th. Wall Street Zen raised Harmony Gold Mining from a "hold" rating to a "buy" rating in a research report on Saturday, July 18th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Harmony Gold Mining in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Harmony Gold Mining Stock Performance

Shares of HMY opened at $15.87 on Tuesday. Harmony Gold Mining Company Limited has a 52-week low of $12.58 and a 52-week high of $26.06. The business's fifty day moving average is $16.05 and its 200-day moving average is $17.80. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03.

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.

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