61,916 Shares in Harmony Gold Mining Company Limited $HMY Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans purchased a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) during the third quarter, HoldingsChannel reports. The institutional investor purchased 61,916 shares of the mining company’s stock, valued at approximately $1,123,000.

Several other large investors also recently made changes to their positions in HMY. Colonial Trust Advisors purchased a new position in shares of Harmony Gold Mining in the 2nd quarter valued at $26,000. Farther Finance Advisors LLC increased its holdings in Harmony Gold Mining by 181.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company’s stock valued at $50,000 after purchasing an additional 1,789 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in Harmony Gold Mining in the second quarter valued at about $55,000. Hantz Financial Services Inc. lifted its stake in shares of Harmony Gold Mining by 533.8% during the second quarter. Hantz Financial Services Inc. now owns 4,449 shares of the mining company’s stock worth $62,000 after purchasing an additional 3,747 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its position in shares of Harmony Gold Mining by 973.7% in the third quarter. Bayforest Capital Ltd now owns 4,778 shares of the mining company’s stock worth $87,000 after buying an additional 4,333 shares during the period. Institutional investors and hedge funds own 31.79% of the company’s stock.

Analysts Set New Price Targets

HMY has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. Zacks Research lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Finally, Wall Street Zen raised shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Harmony Gold Mining Price Performance

Shares of HMY opened at $21.01 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $21.29 and its two-hundred day moving average is $18.35. Harmony Gold Mining Company Limited has a 52-week low of $9.69 and a 52-week high of $26.06.

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.