Quantinno Capital Management LP Increases Stake in Harmony Gold Mining Company Limited $HMY

Quantinno Capital Management LP grew its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 75.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,760 shares of the mining company’s stock after buying an additional 53,466 shares during the period. Quantinno Capital Management LP’s holdings in Harmony Gold Mining were worth $1,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Harmony Gold Mining Stock Performance

NYSE HMY opened at $19.54 on Wednesday. The business’s 50 day moving average price is $16.05 and its 200-day moving average price is $17.46. Harmony Gold Mining Company Limited has a fifty-two week low of $12.58 and a fifty-two week high of $26.06. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38.

Analysts Set New Price Targets

HMY has been the topic of several research reports. Wall Street Zen raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Sunday. Morgan Stanley raised Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th. Finally, Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Harmony Gold Mining has a consensus rating of “Moderate Buy”.

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.