ABC Arbitrage SA acquired a new stake in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,463,933 shares of the mining company's stock, valued at approximately $20,229,000. Harmony Gold Mining makes up 2.9% of ABC Arbitrage SA's holdings, making the stock its 8th largest holding. ABC Arbitrage SA owned approximately 0.39% of Harmony Gold Mining as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of HMY. Creative Planning boosted its position in shares of Harmony Gold Mining by 3.6% in the third quarter. Creative Planning now owns 59,686 shares of the mining company's stock valued at $607,000 after acquiring an additional 2,061 shares during the period. Blue Trust Inc. boosted its holdings in Harmony Gold Mining by 159.4% in the 3rd quarter. Blue Trust Inc. now owns 40,022 shares of the mining company's stock valued at $407,000 after purchasing an additional 24,592 shares during the period. Veracity Capital LLC grew its position in shares of Harmony Gold Mining by 7.9% during the 3rd quarter. Veracity Capital LLC now owns 13,747 shares of the mining company's stock valued at $140,000 after purchasing an additional 1,003 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Harmony Gold Mining in the third quarter worth $1,035,000. Finally, Consolidated Portfolio Review Corp purchased a new stake in shares of Harmony Gold Mining in the third quarter worth $1,187,000. Institutional investors own 31.79% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. StockNews.com cut shares of Harmony Gold Mining from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on Harmony Gold Mining from $8.20 to $8.40 and gave the company a "neutral" rating in a research report on Tuesday, November 12th.
Get Our Latest Stock Report on HMY
Harmony Gold Mining Price Performance
Shares of Harmony Gold Mining stock traded down $0.29 during trading on Wednesday, hitting $11.15. The company's stock had a trading volume of 4,409,659 shares, compared to its average volume of 7,559,249. Harmony Gold Mining Company Limited has a 52 week low of $5.41 and a 52 week high of $12.48. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $9.84 and a two-hundred day simple moving average of $9.93.
Harmony Gold Mining Company Profile
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Free Report)
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.
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