Renaissance Technologies LLC Has $26.41 Million Stake in Harmony Gold Mining Company Limited $HMY

Key Points

• Renaissance Technologies increased its Harmony Gold Mining stake by 46.1% in the first quarter, owning 1.72 million shares valued at approximately $26.4 million. Institutional investors and hedge funds collectively own 31.79% of the company.
• Harmony Gold shares opened at $15.51, with a 52-week range of $12.58 to $26.06. The company has relatively low leverage, with a debt-to-equity ratio of 0.03, but weak liquidity ratios.
• Analyst sentiment has improved, with recent upgrades from Zacks Research, Wall Street Zen, and Morgan Stanley. MarketBeat’s consensus rating is “Moderate Buy,” based on one Strong Buy, two Buy, and two Hold ratings.

Renaissance Technologies LLC raised its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 46.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,718,320 shares of the mining company's stock after purchasing an additional 542,200 shares during the period. Renaissance Technologies LLC owned 0.27% of Harmony Gold Mining worth $26,411,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Harmony Gold Mining in the fourth quarter valued at about $26,000. TD Private Client Wealth LLC acquired a new position in shares of Harmony Gold Mining in the fourth quarter worth approximately $26,000. Advisory Services Network LLC bought a new stake in Harmony Gold Mining in the third quarter valued at approximately $25,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Harmony Gold Mining during the 4th quarter valued at approximately $36,000. Finally, Ascentis Independent Advisors acquired a new stake in Harmony Gold Mining during the 1st quarter valued at approximately $28,000. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Price Performance

Harmony Gold Mining stock opened at $15.51 on Thursday. Harmony Gold Mining Company Limited has a 52-week low of $12.58 and a 52-week high of $26.06. The stock's 50 day moving average price is $16.00 and its two-hundred day moving average price is $17.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HMY. Zacks Research upgraded shares of Harmony Gold Mining from a "strong sell" rating to a "hold" rating in a research report on Monday, May 11th. Wall Street Zen raised shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Saturday, July 18th. Weiss Ratings restated a "buy (b-)" rating on shares of Harmony Gold Mining in a report on Friday, July 17th. Finally, Morgan Stanley raised shares of Harmony Gold Mining to an "overweight" rating in a research report on Thursday, April 16th. One investment 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 stock. According to MarketBeat.com, the company currently 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.

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