Harmony Gold Mining Company Limited (NYSE:HMY) Short Interest Down 19.4% in February

Harmony Gold Mining Company Limited (NYSE:HMY) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 4,997,514 shares, a decline of 19.4% from the February 12th total of 6,199,163 shares. Based on an average daily trading volume, of 4,657,984 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.9% of the company’s stock are short sold. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 4,657,984 shares, the days-to-cover ratio is currently 1.1 days.

Harmony Gold Mining Stock Down 5.5%

HMY opened at $15.10 on Friday. The company has a 50 day moving average of $21.13 and a 200 day moving average of $19.01. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. Harmony Gold Mining has a 12 month low of $11.98 and a 12 month high of $26.06.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wall Street Zen cut Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Research lowered Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Harmony Gold Mining currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Hedge Funds Weigh In On Harmony Gold Mining

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its stake in Harmony Gold Mining by 48.2% in the third quarter. AQR Capital Management LLC now owns 5,871,169 shares of the mining company’s stock worth $105,916,000 after purchasing an additional 1,910,028 shares in the last quarter. FIL Ltd purchased a new position in Harmony Gold Mining during the 4th quarter worth approximately $111,182,000. Goldman Sachs Group Inc. lifted its stake in Harmony Gold Mining by 215.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after acquiring an additional 3,806,468 shares during the period. Invesco Ltd. boosted its holdings in shares of Harmony Gold Mining by 12,337.7% in the 2nd quarter. Invesco Ltd. now owns 4,795,844 shares of the mining company’s stock valued at $66,998,000 after acquiring an additional 4,757,285 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Harmony Gold Mining by 31.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,042,664 shares of the mining company’s stock worth $60,549,000 after acquiring an additional 736,233 shares during the period. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

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.