Ashton Thomas Private Wealth LLC acquired a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 245,501 shares of the mining company's stock, valued at approximately $2,016,000.
Other hedge funds have also recently added to or reduced their stakes in the company. ABC Arbitrage SA acquired a new stake in shares of Harmony Gold Mining in the 4th quarter valued at $20,229,000. Wellington Management Group LLP boosted its holdings in shares of Harmony Gold Mining by 76.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,676,433 shares of the mining company's stock valued at $27,219,000 after purchasing an additional 1,162,292 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Harmony Gold Mining in the 4th quarter valued at $1,804,000. SBI Securities Co. Ltd. acquired a new stake in shares of Harmony Gold Mining in the 4th quarter valued at $1,478,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Harmony Gold Mining by 27.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,263 shares of the mining company's stock valued at $8,057,000 after purchasing an additional 170,175 shares in the last quarter. Institutional investors own 31.79% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on HMY shares. JPMorgan Chase & Co. raised their price objective on Harmony Gold Mining from $8.20 to $8.40 and gave the company a "neutral" rating in a report on Tuesday, November 12th. StockNews.com raised Harmony Gold Mining from a "hold" rating to a "buy" rating in a report on Friday.
Get Our Latest Research Report on Harmony Gold Mining
Harmony Gold Mining Trading Up 9.2 %
HMY traded up $1.00 during midday trading on Friday, hitting $11.85. 10,402,839 shares of the company were exchanged, compared to its average volume of 5,170,228. The firm has a market capitalization of $7.52 billion, a P/E ratio of 7.01, a P/E/G ratio of 0.63 and a beta of 1.85. Harmony Gold Mining Company Limited has a 1-year low of $7.15 and a 1-year high of $12.49. The firm's 50 day moving average price is $10.42 and its 200-day moving average price is $10.01. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04.
About Harmony Gold Mining
(
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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