Wellington Management Group LLP Has $24.51 Million Stock Holdings in Harmony Gold Mining Company Limited $HMY

Key Points

• Wellington Management Group LLP reduced its holdings in Harmony Gold Mining by 33.4%, owning 1,659,288 shares valued at approximately $24.51 million as of its latest SEC filing.
• Multiple institutional investors increased their stakes in Harmony Gold Mining, with American Century Companies Inc. raising its position by 14.9%, now holding shares worth about $56.2 million.
• BMO Capital Markets initiated coverage on Harmony Gold Mining with a "market perform" rating and set a price target of $16.00, while the average consensus price target remains at $12.20.

Wellington Management Group LLP lowered its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 33.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,659,288 shares of the mining company's stock after selling 833,190 shares during the quarter. Wellington Management Group LLP owned 0.26% of Harmony Gold Mining worth $24,508,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HMY. Spire Wealth Management acquired a new stake in shares of Harmony Gold Mining during the first quarter worth $33,000. Parallel Advisors LLC raised its position in shares of Harmony Gold Mining by 71.4% during the first quarter. Parallel Advisors LLC now owns 4,706 shares of the mining company's stock worth $70,000 after purchasing an additional 1,961 shares during the period. Brooklyn Investment Group raised its position in shares of Harmony Gold Mining by 165,766.7% during the first quarter. Brooklyn Investment Group now owns 4,976 shares of the mining company's stock worth $73,000 after purchasing an additional 4,973 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Harmony Gold Mining during the fourth quarter worth $75,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Harmony Gold Mining during the fourth quarter worth $82,000. 31.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on HMY shares. BMO Capital Markets started coverage on Harmony Gold Mining in a research report on Thursday, July 17th. They set a "market perform" rating and a $16.00 target price on the stock. Zacks Research lowered Harmony Gold Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Harmony Gold Mining has a consensus rating of "Hold" and an average price target of $12.20.

Harmony Gold Mining Stock Up 5.3%

NYSE HMY traded up $0.66 during trading on Friday, reaching $13.27. 8,691,707 shares of the company's stock were exchanged, compared to its average volume of 4,335,171. Harmony Gold Mining Company Limited has a fifty-two week low of $7.97 and a fifty-two week high of $18.77. The firm has a market capitalization of $8.43 billion, a PE ratio of 7.85, a P/E/G ratio of 0.08 and a beta of 0.80. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. The company's fifty day simple moving average is $14.62 and its 200-day simple moving average is $14.24.

Harmony Gold Mining 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.