Harmony Gold Mining Company Limited (NYSE:HMY) Shares Sold by Kercheville Advisors LLC

Kercheville Advisors LLC reduced its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 23.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,600 shares of the mining company's stock after selling 42,700 shares during the period. Kercheville Advisors LLC's holdings in Harmony Gold Mining were worth $1,146,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HMY. Van ECK Associates Corp boosted its stake in shares of Harmony Gold Mining by 3.3% during the 3rd quarter. Van ECK Associates Corp now owns 68,895,088 shares of the mining company's stock worth $700,663,000 after purchasing an additional 2,206,537 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Harmony Gold Mining by 76.8% in the third quarter. Wellington Management Group LLP now owns 2,676,433 shares of the mining company's stock worth $27,219,000 after acquiring an additional 1,162,292 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Harmony Gold Mining in the fourth quarter worth approximately $1,804,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Harmony Gold Mining by 27.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,263 shares of the mining company's stock worth $8,057,000 after acquiring an additional 170,175 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Harmony Gold Mining in the third quarter worth approximately $1,526,000. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Price Performance

NYSE HMY traded up $0.24 during mid-day trading on Thursday, hitting $12.13. The company's stock had a trading volume of 8,133,778 shares, compared to its average volume of 7,695,819. Harmony Gold Mining Company Limited has a 52-week low of $5.41 and a 52-week high of $12.29. The stock's fifty day simple moving average is $9.34 and its two-hundred day simple moving average is $9.75. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Analysts Set New Price Targets

HMY has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. StockNews.com cut shares of Harmony Gold Mining from a "buy" rating to a "hold" rating in a research report on Wednesday, January 29th. Finally, Bank of America initiated coverage on shares of Harmony Gold Mining in a research report on Monday, October 21st. They issued a "neutral" rating on the stock.

About Harmony Gold Mining

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.