GAMMA Investing LLC Boosts Stock Position in Harmony Gold Mining Company Limited (NYSE:HMY)

GAMMA Investing LLC increased its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 29.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,622 shares of the mining company’s stock after purchasing an additional 1,496 shares during the quarter. GAMMA Investing LLC’s holdings in Harmony Gold Mining were worth $54,000 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 stock. Fifth Third Bancorp purchased a new position in Harmony Gold Mining during the 4th quarter valued at about $34,000. Intelligence Driven Advisers LLC purchased a new position in Harmony Gold Mining during the fourth quarter valued at approximately $67,000. Citigroup Inc. increased its holdings in Harmony Gold Mining by 59.4% during the 3rd quarter. Citigroup Inc. now owns 19,755 shares of the mining company’s stock worth $74,000 after acquiring an additional 7,361 shares during the period. Financial & Tax Architects LLC purchased a new stake in Harmony Gold Mining in the 4th quarter worth approximately $81,000. Finally, Systematic Alpha Investments LLC bought a new position in Harmony Gold Mining in the 4th quarter valued at $133,000. 31.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Harmony Gold Mining from $5.10 to $5.80 and gave the stock an “underweight” rating in a research report on Tuesday, May 28th. StockNews.com downgraded Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 12th. Finally, HSBC cut shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a research report on Friday, April 19th.

Harmony Gold Mining Stock Performance

HMY opened at $9.06 on Tuesday. The business’s fifty day simple moving average is $8.98 and its 200 day simple moving average is $7.46. Harmony Gold Mining Company Limited has a 52 week low of $3.41 and a 52 week high of $10.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.11.

About Harmony Gold Mining

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.