SBI Securities Co. Ltd. Has $4.96 Million Stock Position in Harmony Gold Mining Company Limited $HMY

SBI Securities Co. Ltd. grew its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 65.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 273,032 shares of the mining company’s stock after purchasing an additional 107,884 shares during the period. SBI Securities Co. Ltd.’s holdings in Harmony Gold Mining were worth $4,956,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Colonial Trust Advisors acquired a new stake in shares of Harmony Gold Mining during the 2nd quarter valued at about $26,000. Farther Finance Advisors LLC lifted its stake in Harmony Gold Mining by 181.8% in the third quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company’s stock valued at $50,000 after acquiring an additional 1,789 shares during the last quarter. First Horizon Advisors Inc. bought a new stake in Harmony Gold Mining in the second quarter worth approximately $55,000. Hantz Financial Services Inc. increased its stake in shares of Harmony Gold Mining by 533.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 4,449 shares of the mining company’s stock worth $62,000 after purchasing an additional 3,747 shares during the last quarter. Finally, Bayforest Capital Ltd raised its holdings in shares of Harmony Gold Mining by 973.7% during 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 in the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HMY has been the subject of a number of recent research reports. Investec upgraded shares of 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. Wall Street Zen raised Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Thursday, January 22nd. Finally, Zacks Research cut Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. One 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.00.

Harmony Gold Mining Stock Performance

NYSE HMY opened at $21.26 on Thursday. The stock has a 50-day simple moving average of $21.09 and a 200 day simple moving average of $18.04. Harmony Gold Mining Company Limited has a twelve month low of $9.69 and a twelve month high of $26.06. 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 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.