90,759 Shares in Harmony Gold Mining Company Limited $HMY Purchased by Hsbc Holdings PLC

by · The Cerbat Gem

Hsbc Holdings PLC purchased a new stake in Harmony Gold Mining Company Limited (NYSE:HMYFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 90,759 shares of the mining company’s stock, valued at approximately $1,815,000.

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

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on HMY

Harmony Gold Mining Trading Down 2.4%

Shares of HMY opened at $15.16 on Tuesday. Harmony Gold Mining Company Limited has a 52 week low of $12.58 and a 52 week 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 stock has a 50 day moving average of $16.71 and a 200-day moving average of $18.54.

Harmony Gold Mining Profile

(Free Report)

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.

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