Quantinno Capital Management LP Boosts Stake in Harmony Gold Mining Company Limited $HMY

Key Points

• Quantinno Capital Management increased its Harmony Gold Mining stake by 75% in the first quarter, adding 53,466 shares to hold 124,760 shares valued at approximately $1.92 million.
• Several other institutional investors initiated positions, and hedge funds and other institutions collectively own 31.79% of HMY.
• Analyst sentiment is favorable, with Harmony Gold carrying a “Moderate Buy” consensus rating. The stock opened at $19.54, versus a 52-week range of $12.58 to $26.06.

Quantinno Capital Management LP increased its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 75.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,760 shares of the mining company's stock after purchasing an additional 53,466 shares during the quarter. Quantinno Capital Management LP's holdings in Harmony Gold Mining were worth $1,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in Harmony Gold Mining in the 3rd quarter worth about $25,000. TD Private Client Wealth LLC bought a new position in Harmony Gold Mining during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Harmony Gold Mining during the 4th quarter valued at about $26,000. Ascentis Independent Advisors purchased a new stake in shares of Harmony Gold Mining during the 1st quarter valued at about $28,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Harmony Gold Mining in the first quarter worth approximately $33,000. 31.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Harmony Gold Mining Trading Down 1.8%

Shares of Harmony Gold Mining stock opened at $19.54 on Wednesday. Harmony Gold Mining Company Limited has a fifty-two week low of $12.58 and a fifty-two week high of $26.06. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average of $16.05 and a 200 day moving average of $17.46.

About Harmony Gold Mining

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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