Dorsey Wright & Associates Acquires 40,592 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Dorsey Wright & Associates increased its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 12.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 378,630 shares of the mining company’s stock after purchasing an additional 40,592 shares during the period. Dorsey Wright & Associates owned approximately 0.06% of Harmony Gold Mining worth $3,851,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HMY. Cetera Investment Advisers acquired a new position in shares of Harmony Gold Mining during the first quarter worth approximately $2,097,000. QRG Capital Management Inc. raised its stake in Harmony Gold Mining by 37.8% during the 2nd quarter. QRG Capital Management Inc. now owns 14,656 shares of the mining company’s stock valued at $134,000 after purchasing an additional 4,021 shares during the last quarter. Diversified Trust Co bought a new stake in Harmony Gold Mining in the 2nd quarter valued at $93,000. Assenagon Asset Management S.A. acquired a new stake in Harmony Gold Mining in the 2nd quarter worth $1,386,000. Finally, Blue Trust Inc. grew its position in Harmony Gold Mining by 1,190.1% in the 2nd quarter. Blue Trust Inc. now owns 15,430 shares of the mining company’s stock worth $141,000 after purchasing an additional 14,234 shares during the last quarter. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

NYSE:HMY opened at $8.68 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $10.05 and a 200-day moving average of $9.69. Harmony Gold Mining Company Limited has a 52 week low of $5.40 and a 52 week high of $12.29.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HMY shares. Bank of America initiated coverage on shares of Harmony Gold Mining in a research report on Monday, October 21st. They set a “neutral” rating for the company. StockNews.com cut Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a report on Tuesday, November 12th.

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.