Hsbc Holdings PLC Purchases Shares of 90,759 Harmony Gold Mining Company Limited $HMY

Hsbc Holdings PLC acquired a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 90,759 shares of the mining company’s stock, valued at approximately $1,815,000.

Several other hedge funds also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in Harmony Gold Mining in the fourth quarter worth approximately $26,000. TD Private Client Wealth LLC acquired a new stake in shares of Harmony Gold Mining during the 4th quarter valued at $26,000. Advisory Services Network LLC bought a new stake in shares of Harmony Gold Mining during the 3rd quarter worth $25,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Harmony Gold Mining during the 4th quarter worth $36,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Harmony Gold Mining in the 4th quarter worth $100,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

Analysts Set New Price Targets

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

Harmony Gold Mining Trading Up 0.7%

Harmony Gold Mining stock traded up $0.11 during midday trading on Friday, reaching $15.13. The stock had a trading volume of 2,661,727 shares, compared to its average volume of 3,707,460. Harmony Gold Mining Company Limited has a twelve month low of $12.58 and a twelve month high of $26.06. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $16.45 and its two-hundred day simple moving average is $18.24.

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.