Van ECK Associates Corp decreased its position in shares of Harmony Gold Mining Co. (NYSE:HMY) by 5.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 62,415,490 shares of the mining company’s stock after selling 3,404,863 shares during the period. Harmony Gold Mining makes up about 0.7% of Van ECK Associates Corp’s investment portfolio, making the stock its 25th biggest position. Van ECK Associates Corp owned 0.14% of Harmony Gold Mining worth $141,683,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its stake in Harmony Gold Mining by 2.1% during the 2nd quarter. Wells Fargo & Company MN now owns 1,368,251 shares of the mining company’s stock valued at $3,106,000 after purchasing an additional 28,064 shares during the last quarter. Ruffer LLP raised its stake in Harmony Gold Mining by 12.8% during the 2nd quarter. Ruffer LLP now owns 3,129,785 shares of the mining company’s stock valued at $7,120,000 after purchasing an additional 354,230 shares during the last quarter. Aperio Group LLC raised its stake in Harmony Gold Mining by 40.9% during the 2nd quarter. Aperio Group LLC now owns 67,396 shares of the mining company’s stock valued at $153,000 after purchasing an additional 19,553 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in Harmony Gold Mining by 2.3% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,468,580 shares of the mining company’s stock valued at $3,334,000 after purchasing an additional 33,201 shares during the last quarter. Finally, Exor Investments UK LLP raised its stake in Harmony Gold Mining by 11.2% during the 2nd quarter. Exor Investments UK LLP now owns 14,762,756 shares of the mining company’s stock valued at $33,511,000 after purchasing an additional 1,487,028 shares during the last quarter. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Harmony Gold Mining from a “sell” rating to a “hold” rating and set a $2.50 target price for the company in a research note on Friday, June 28th. ValuEngine cut shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, August 20th.

Shares of HMY stock traded up $0.25 during mid-day trading on Friday, reaching $3.58. The company’s stock had a trading volume of 17,837,541 shares, compared to its average volume of 12,858,747. Harmony Gold Mining Co. has a 1-year low of $1.47 and a 1-year high of $3.63. The company has a market cap of $1.48 billion, a P/E ratio of 25.57 and a beta of -1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.35. The firm’s 50-day moving average is $2.69 and its two-hundred day moving average is $2.11.

About Harmony Gold Mining

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various surface treatment operations in South Africa.

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Institutional Ownership by Quarter for Harmony Gold Mining (NYSE:HMY)

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