U S Global Investors Inc. Increases Holdings in Harmony Gold Mining Company Limited $HMY

U S Global Investors Inc. increased its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 49.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 397,947 shares of the mining company’s stock after purchasing an additional 131,538 shares during the quarter. U S Global Investors Inc.’s holdings in Harmony Gold Mining were worth $6,116,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HMY. Assenagon Asset Management S.A. bought a new stake in shares of Harmony Gold Mining in the fourth quarter valued at about $17,832,000. Aquatic Capital Management LLC lifted its stake in Harmony Gold Mining by 78.7% in the third quarter. Aquatic Capital Management LLC now owns 332,461 shares of the mining company’s stock worth $6,034,000 after acquiring an additional 146,459 shares during the period. Ninety One UK Ltd purchased a new stake in Harmony Gold Mining in the fourth quarter worth about $6,939,000. Eschler Asset Management LLP grew its holdings in Harmony Gold Mining by 507.6% during the 4th quarter. Eschler Asset Management LLP now owns 70,596 shares of the mining company’s stock worth $1,405,000 after acquiring an additional 58,978 shares in the last quarter. Finally, ABC Arbitrage SA grew its holdings in Harmony Gold Mining by 143.6% during the 4th quarter. ABC Arbitrage SA now owns 2,488,874 shares of the mining company’s stock worth $49,529,000 after acquiring an additional 1,467,370 shares in the last quarter. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Wall Street Zen downgraded shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Harmony Gold Mining Stock Performance

Shares of HMY traded up $0.11 during trading hours on Friday, hitting $15.13. The company had a trading volume of 2,661,727 shares, compared to its average volume of 3,707,460. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. Harmony Gold Mining Company Limited has a one year low of $12.58 and a one year high of $26.06. The company’s fifty day moving average price is $16.45 and its two-hundred day moving average price is $18.24.

Harmony Gold Mining Profile

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.