Assenagon Asset Management S.A. acquired a new position in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 219,674 shares of the mining company's stock, valued at approximately $1,804,000.
A number of other hedge funds also recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in shares of Harmony Gold Mining during the 4th quarter valued at about $369,000. Aprio Wealth Management LLC boosted its holdings in shares of Harmony Gold Mining by 38.2% in the fourth quarter. Aprio Wealth Management LLC now owns 26,015 shares of the mining company's stock worth $214,000 after buying an additional 7,191 shares during the last quarter. DGS Capital Management LLC bought a new stake in Harmony Gold Mining during the third quarter valued at approximately $139,000. Sanctuary Advisors LLC purchased a new stake in Harmony Gold Mining during the third quarter valued at approximately $1,526,000. Finally, Public Employees Retirement System of Ohio bought a new position in Harmony Gold Mining in the third quarter worth approximately $1,412,000. Hedge funds and other institutional investors own 31.79% of the company's stock.
Wall Street Analysts Forecast Growth
HMY has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. StockNews.com raised Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Bank of America began coverage on Harmony Gold Mining in a research note on Monday, October 21st. They set a "neutral" rating for the company.
Read Our Latest Stock Analysis on Harmony Gold Mining
Harmony Gold Mining Stock Performance
HMY stock traded up $0.41 during mid-day trading on Friday, hitting $10.87. The company had a trading volume of 7,654,825 shares, compared to its average volume of 7,568,507. The company has a 50-day moving average price of $8.99 and a 200 day moving average price of $9.66. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. Harmony Gold Mining Company Limited has a 12-month low of $5.41 and a 12-month high of $12.29.
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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