Y Intercept Hong Kong Ltd Boosts Stock Position in Harmony Gold Mining Company Limited $HMY

Y Intercept Hong Kong Ltd boosted its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 1,118.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 179,237 shares of the mining company’s stock after purchasing an additional 164,523 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Harmony Gold Mining were worth $2,755,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. FIL Ltd purchased a new position in Harmony Gold Mining in the fourth quarter worth about $111,182,000. Goldman Sachs Group Inc. raised its position in Harmony Gold Mining by 215.7% during the first quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after purchasing an additional 3,806,468 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Harmony Gold Mining by 286.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,961,141 shares of the mining company’s stock worth $54,248,000 after purchasing an additional 2,936,552 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Harmony Gold Mining by 7,504.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,306,431 shares of the mining company’s stock worth $41,862,000 after purchasing an additional 2,276,099 shares during the period. Finally, Man Group plc increased its position in shares of Harmony Gold Mining by 1,801.7% during the 2nd quarter. Man Group plc now owns 1,985,093 shares of the mining company’s stock valued at $27,732,000 after purchasing an additional 1,880,708 shares during the last quarter. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Trading Down 5.5%

Harmony Gold Mining stock opened at $15.39 on Wednesday. Harmony Gold Mining Company Limited has a fifty-two week low of $12.58 and a fifty-two week high of $26.06. The company has a 50 day moving average price of $16.50 and a 200-day moving average price of $18.35. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.03.

Wall Street Analysts Forecast Growth

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

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.