Fox Run Management L.L.C. Takes $518,000 Position in Harmony Gold Mining Company Limited $HMY

Fox Run Management L.L.C. acquired a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 28,535 shares of the mining company’s stock, valued at approximately $518,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thrivent Financial for Lutherans bought a new position in Harmony Gold Mining in the third quarter valued at about $1,123,000. Ariose Capital Management Ltd bought a new stake in shares of Harmony Gold Mining during the third quarter worth about $1,182,000. Alps Advisors Inc. increased its stake in shares of Harmony Gold Mining by 34.5% in the third quarter. Alps Advisors Inc. now owns 1,405,825 shares of the mining company’s stock valued at $25,516,000 after buying an additional 360,673 shares during the period. Envestnet Asset Management Inc. raised its holdings in Harmony Gold Mining by 15.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 184,507 shares of the mining company’s stock valued at $2,578,000 after buying an additional 24,779 shares during the last quarter. Finally, Amundi boosted its position in Harmony Gold Mining by 12.1% during the 2nd quarter. Amundi now owns 2,369,973 shares of the mining company’s stock worth $33,796,000 after buying an additional 256,562 shares during the period. Institutional investors own 31.79% of the company’s stock.

Analyst Upgrades and Downgrades

HMY has been the subject of several recent research reports. Wall Street Zen upgraded shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Zacks Research downgraded Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Harmony Gold Mining Stock Up 1.0%

HMY stock opened at $22.78 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.41. The stock has a 50-day moving average price of $21.51 and a 200-day moving average price of $18.77. Harmony Gold Mining Company Limited has a 1-year low of $9.69 and a 1-year high of $26.06.

Harmony Gold Mining Company 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.