BI Asset Management Fondsmaeglerselskab A S Has $9.28 Million Stake in Harmony Gold Mining Company Limited $HMY

BI Asset Management Fondsmaeglerselskab A S grew its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 388.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 511,535 shares of the mining company’s stock after buying an additional 406,720 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Harmony Gold Mining were worth $9,284,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HMY. Colonial Trust Advisors bought a new position in shares of Harmony Gold Mining in the 2nd quarter valued at approximately $26,000. Farther Finance Advisors LLC grew its holdings in Harmony Gold Mining by 181.8% during the third quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company’s stock valued at $50,000 after purchasing an additional 1,789 shares during the last quarter. First Horizon Advisors Inc. bought a new position in shares of Harmony Gold Mining in the second quarter valued at approximately $55,000. Hantz Financial Services Inc. lifted its stake in shares of Harmony Gold Mining by 533.8% in the second quarter. Hantz Financial Services Inc. now owns 4,449 shares of the mining company’s stock worth $62,000 after buying an additional 3,747 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Harmony Gold Mining during the 2nd quarter worth $69,000. Institutional investors own 31.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HMY. Weiss Ratings reiterated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. Hsbc Global Res raised Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Investec upgraded Harmony Gold Mining to a “hold” rating in a research note on Friday, October 10th. Zacks Research downgraded Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Finally, Wall Street Zen raised Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Harmony Gold Mining has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Harmony Gold Mining Price Performance

Shares of HMY opened at $19.40 on Friday. The stock’s 50-day moving average price is $21.09 and its 200 day moving average price is $18.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72. Harmony Gold Mining Company Limited has a 12-month low of $9.69 and a 12-month high of $26.06.

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.