Van ECK Associates Corp decreased its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,889,782 shares of the mining company's stock after selling 6,005,306 shares during the quarter. Van ECK Associates Corp owned about 9.91% of Harmony Gold Mining worth $516,325,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Consolidated Portfolio Review Corp bought a new stake in shares of Harmony Gold Mining during the 3rd quarter valued at about $1,187,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Harmony Gold Mining in the 3rd quarter worth approximately $1,412,000. HighTower Advisors LLC lifted its stake in shares of Harmony Gold Mining by 298.5% in the 3rd quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company's stock worth $525,000 after acquiring an additional 39,237 shares during the period. Caprock Group LLC bought a new stake in shares of Harmony Gold Mining in the 4th quarter worth approximately $188,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Harmony Gold Mining in the 3rd quarter worth approximately $1,526,000. Institutional investors and hedge funds own 31.79% of the company's stock.
Harmony Gold Mining Price Performance
Shares of NYSE HMY traded down $0.52 during trading hours on Friday, hitting $11.43. 7,601,312 shares of the stock were exchanged, compared to its average volume of 7,731,892. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. Harmony Gold Mining Company Limited has a one year low of $5.41 and a one year high of $12.48. The company's 50 day moving average is $9.76 and its 200 day moving average is $9.90.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on HMY shares. StockNews.com lowered shares of Harmony Gold Mining from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th. Bank of America assumed coverage on shares of Harmony Gold Mining in a research report on Monday, October 21st. They issued a "neutral" rating for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the stock a "neutral" rating in a report on Tuesday, November 12th.
Read Our Latest Analysis on HMY
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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