SG Americas Securities LLC Reduces Stock Position in Harmony Gold Mining Company Limited $HMY

SG Americas Securities LLC reduced its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 45.8% in the first quarter, Holdings Channel.com reports. The fund owned 123,738 shares of the mining company’s stock after selling 104,379 shares during the period. SG Americas Securities LLC’s holdings in Harmony Gold Mining were worth $1,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in HMY. Advisory Services Network LLC bought a new stake in shares of Harmony Gold Mining during the 3rd quarter valued at $25,000. TD Private Client Wealth LLC bought a new position in Harmony Gold Mining in the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new position in Harmony Gold Mining in the 4th quarter worth about $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Harmony Gold Mining during the 4th quarter valued at about $36,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Harmony Gold Mining during the 4th quarter valued at about $100,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HMY shares. Wall Street Zen downgraded shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research raised shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Morgan Stanley raised shares of Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.00.

Harmony Gold Mining Trading Up 5.8%

NYSE:HMY opened at $16.06 on Friday. Harmony Gold Mining Company Limited has a 52-week low of $12.58 and a 52-week high of $26.06. The stock has a fifty day moving average of $16.55 and a 200 day moving average of $18.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38.

Harmony Gold Mining Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.