Quantbot Technologies LP Has $1.01 Million Holdings in Harmony Gold Mining Company Limited $HMY

Quantbot Technologies LP cut its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 73.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,669 shares of the mining company’s stock after selling 157,100 shares during the quarter. Quantbot Technologies LP’s holdings in Harmony Gold Mining were worth $1,010,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HMY. Colonial Trust Advisors acquired a new stake in Harmony Gold Mining in the second quarter valued at $26,000. Assetmark Inc. increased its stake in shares of Harmony Gold Mining by 907.5% during the 3rd quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock worth $32,000 after purchasing an additional 1,579 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Harmony Gold Mining by 181.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company’s stock valued at $50,000 after purchasing an additional 1,789 shares during the period. First Horizon Advisors Inc. bought a new stake in shares of Harmony Gold Mining in the 2nd quarter valued at about $55,000. Finally, Bayforest Capital Ltd lifted its stake in Harmony Gold Mining by 973.7% in the 3rd quarter. Bayforest Capital Ltd now owns 4,778 shares of the mining company’s stock valued at $87,000 after purchasing an additional 4,333 shares during the last quarter. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Zacks Research cut Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.00.

Harmony Gold Mining Trading Up 0.4%

HMY stock opened at $19.62 on Friday. Harmony Gold Mining Company Limited has a 52 week low of $11.30 and a 52 week high of $26.06. The business has a 50-day simple moving average of $21.40 and a 200 day simple moving average of $18.93. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.04.

Harmony Gold Mining Company 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.