Russell Investments Group Ltd. Acquires 109,873 Shares of Harmony Gold Mining Company Limited $HMY

Key Points

• Russell Investments Group Ltd. increased its stake in Harmony Gold Mining Company by 30.7% during the first quarter, holding 467,378 shares valued at approximately $6.57 million.
• Other institutional investors also modified their stakes, with Connor Clark & Lunn Investment Management increasing its holding by 116.8% to own over 1.6 million shares.
• The stock price of Harmony Gold Mining has risen 3.7%, opening at $15.493, with a current consensus rating of "Hold" and a target price of $12.20.

Russell Investments Group Ltd. increased its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 30.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 467,378 shares of the mining company's stock after acquiring an additional 109,873 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Harmony Gold Mining worth $6,571,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Aigen Investment Management LP purchased a new position in Harmony Gold Mining during the first quarter worth about $371,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Harmony Gold Mining by 116.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,606,484 shares of the mining company's stock worth $23,728,000 after buying an additional 865,632 shares during the period. Townsquare Capital LLC grew its stake in Harmony Gold Mining by 6.2% in the 1st quarter. Townsquare Capital LLC now owns 71,918 shares of the mining company's stock valued at $1,062,000 after acquiring an additional 4,177 shares during the last quarter. LaSalle St. Investment Advisors LLC acquired a new stake in shares of Harmony Gold Mining in the first quarter worth approximately $177,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Harmony Gold Mining during the first quarter valued at approximately $110,000. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets started coverage on shares of Harmony Gold Mining in a report on Thursday, July 17th. They set a "market perform" rating and a $16.00 price target for the company. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Harmony Gold Mining currently has an average rating of "Hold" and an average price target of $12.20.

Harmony Gold Mining Price Performance

NYSE:HMY traded down $0.1450 during mid-day trading on Monday, hitting $15.8450. The company's stock had a trading volume of 2,962,902 shares, compared to its average volume of 5,736,704. Harmony Gold Mining Company Limited has a fifty-two week low of $7.97 and a fifty-two week high of $18.77. The company has a current ratio of 1.84, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $14.63 and a 200-day moving average of $14.16. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 0.10 and a beta of 0.77.

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.