Harmony Gold Mining Company Limited (NYSE:HMY) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. lessened its stake in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 63.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,000 shares of the mining company's stock after selling 344,254 shares during the period. U S Global Investors Inc.'s holdings in Harmony Gold Mining were worth $1,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. QRG Capital Management Inc. grew its position in shares of Harmony Gold Mining by 98.2% in the 4th quarter. QRG Capital Management Inc. now owns 30,694 shares of the mining company's stock worth $252,000 after buying an additional 15,206 shares during the last quarter. Denali Advisors LLC acquired a new stake in Harmony Gold Mining in the fourth quarter worth about $194,000. Bank of New York Mellon Corp grew its stake in shares of Harmony Gold Mining by 22.6% during the fourth quarter. Bank of New York Mellon Corp now owns 28,456 shares of the mining company's stock worth $234,000 after acquiring an additional 5,241 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of Harmony Gold Mining in the 4th quarter valued at approximately $173,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Harmony Gold Mining in the 4th quarter worth approximately $923,000. 31.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on 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 lowered Harmony Gold Mining from a "buy" rating to a "hold" rating in a report on Wednesday, January 29th.

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Harmony Gold Mining Stock Performance

NYSE:HMY traded up $0.53 during mid-day trading on Tuesday, hitting $10.53. The company's stock had a trading volume of 7,885,883 shares, compared to its average volume of 5,195,189. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 0.63 and a beta of 1.75. Harmony Gold Mining Company Limited has a 1 year low of $6.13 and a 1 year high of $12.49. The business's fifty day moving average is $10.20 and its two-hundred day moving average is $10.00. 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 Profile

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.