Sanctuary Advisors LLC acquired a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 158,481 shares of the mining company's stock, valued at approximately $1,526,000.
Other hedge funds have also made changes to their positions in the company. Hara Capital LLC bought a new position in shares of Harmony Gold Mining in the 3rd quarter worth about $38,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Harmony Gold Mining in the second quarter valued at approximately $41,000. Wallace Advisory Group LLC acquired a new position in shares of Harmony Gold Mining during the 2nd quarter valued at $94,000. International Assets Investment Management LLC bought a new stake in Harmony Gold Mining in the third quarter worth about $1,035,000. Finally, Ground Swell Capital LLC bought a new stake in Harmony Gold Mining during the third quarter worth approximately $115,000. Institutional investors and hedge funds own 31.79% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have commented on HMY shares. JPMorgan Chase & Co. upped 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 note on Tuesday, November 12th. StockNews.com downgraded Harmony Gold Mining from a "buy" rating to a "hold" rating in a report on Thursday, November 28th. Finally, Bank of America began coverage on shares of Harmony Gold Mining in a report on Monday, October 21st. They issued a "neutral" rating for the company.
Get Our Latest Stock Analysis on Harmony Gold Mining
Harmony Gold Mining Price Performance
NYSE:HMY traded up $0.09 during mid-day trading on Friday, hitting $8.43. The company's stock had a trading volume of 7,879,236 shares, compared to its average volume of 4,846,754. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 6.06, a P/E/G ratio of 0.46 and a beta of 1.72. The stock has a fifty day moving average of $9.83 and a 200-day moving average of $9.66. Harmony Gold Mining Company Limited has a fifty-two week low of $5.40 and a fifty-two week high of $12.29. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.
Harmony Gold Mining 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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