Barometer Capital Management Inc. Increases Position in Harmony Gold Mining Company Limited $HMY

Barometer Capital Management Inc. lifted its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 1,118.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,000 shares of the mining company’s stock after purchasing an additional 107,400 shares during the period. Barometer Capital Management Inc.’s holdings in Harmony Gold Mining were worth $1,764,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in Harmony Gold Mining during the 3rd quarter worth about $25,000. TD Private Client Wealth LLC purchased a new position in shares of Harmony Gold Mining in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Harmony Gold Mining during the 4th quarter worth about $26,000. Ascentis Independent Advisors acquired a new stake in shares of Harmony Gold Mining during the 1st quarter worth about $28,000. Finally, Banque Cantonale Vaudoise acquired a new stake in Harmony Gold Mining during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Up 7.0%

Shares of HMY opened at $15.33 on Wednesday. The company’s 50 day simple moving average is $16.13 and its 200-day simple moving average is $17.92. Harmony Gold Mining Company Limited has a 12-month low of $12.58 and a 12-month high of $26.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54.

Analysts Set New Price Targets

Several analysts have recently weighed in on HMY shares. Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Saturday. Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Harmony Gold Mining in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Harmony Gold Mining Company 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.