Rakuten Securities Inc. Acquires 25,054 Shares of Harmony Gold Mining Company Limited $HMY

Rakuten Securities Inc. increased its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 58.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 67,662 shares of the mining company’s stock after acquiring an additional 25,054 shares during the period. Rakuten Securities Inc.’s holdings in Harmony Gold Mining were worth $1,228,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HMY. Shilanski & Associates Inc. lifted its position in shares of Harmony Gold Mining by 3.0% during the third quarter. Shilanski & Associates Inc. now owns 22,909 shares of the mining company’s stock worth $416,000 after purchasing an additional 670 shares during the last quarter. Parallel Advisors LLC increased its stake in Harmony Gold Mining by 16.7% in the 2nd quarter. Parallel Advisors LLC now owns 5,494 shares of the mining company’s stock worth $77,000 after buying an additional 788 shares during the period. Signaturefd LLC lifted its holdings in Harmony Gold Mining by 5.6% during the 3rd quarter. Signaturefd LLC now owns 16,323 shares of the mining company’s stock valued at $296,000 after buying an additional 867 shares in the last quarter. Personal CFO Solutions LLC boosted its position in Harmony Gold Mining by 4.6% in the 2nd quarter. Personal CFO Solutions LLC now owns 22,767 shares of the mining company’s stock valued at $318,000 after buying an additional 993 shares during the period. Finally, GAMMA Investing LLC grew its stake in Harmony Gold Mining by 11.5% in the 2nd quarter. GAMMA Investing LLC now owns 9,692 shares of the mining company’s stock worth $135,000 after acquiring an additional 1,003 shares in the last quarter. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

HMY opened at $21.70 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41. Harmony Gold Mining Company Limited has a 12 month low of $9.38 and a 12 month high of $22.98. The stock has a fifty day moving average price of $19.47 and a 200-day moving average price of $17.15.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Wednesday, October 8th. Zacks Research lowered Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Investec upgraded Harmony Gold Mining to a “hold” rating in a report on Friday, October 10th. Hsbc Global Res upgraded Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. Finally, HSBC upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Harmony Gold Mining presently has a consensus rating of “Moderate Buy” and a consensus target price 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.