Townsquare Capital LLC Purchases 4,177 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Townsquare Capital LLC boosted its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 6.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,918 shares of the mining company’s stock after purchasing an additional 4,177 shares during the period. Townsquare Capital LLC’s holdings in Harmony Gold Mining were worth $1,062,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC grew its stake in Harmony Gold Mining by 59.5% in the 4th quarter. Millennium Management LLC now owns 2,635,182 shares of the mining company’s stock worth $21,635,000 after acquiring an additional 982,740 shares in the last quarter. Two Sigma Investments LP grew its stake in Harmony Gold Mining by 274.0% in the 4th quarter. Two Sigma Investments LP now owns 498,405 shares of the mining company’s stock worth $4,092,000 after acquiring an additional 365,132 shares in the last quarter. Marshall Wace LLP grew its stake in Harmony Gold Mining by 1,465.3% in the 4th quarter. Marshall Wace LLP now owns 388,204 shares of the mining company’s stock worth $3,187,000 after acquiring an additional 363,404 shares in the last quarter. Lazard Asset Management LLC grew its stake in Harmony Gold Mining by 32.1% in the 4th quarter. Lazard Asset Management LLC now owns 1,248,459 shares of the mining company’s stock worth $10,249,000 after acquiring an additional 303,723 shares in the last quarter. Finally, PKO Investment Management Joint Stock Co bought a new position in Harmony Gold Mining in the 4th quarter worth about $2,452,000. 31.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Hsbc Global Res upgraded shares of Harmony Gold Mining from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 17th. BMO Capital Markets started coverage on shares of Harmony Gold Mining in a research report on Thursday, July 17th. They issued a “market perform” rating and a $16.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Harmony Gold Mining currently has an average rating of “Hold” and an average price target of $12.20.

Harmony Gold Mining Price Performance

Shares of HMY opened at $15.25 on Friday. The company has a 50 day moving average price of $14.53 and a 200-day moving average price of $13.96. Harmony Gold Mining Company Limited has a fifty-two week low of $7.97 and a fifty-two week high of $18.77. The stock has a market capitalization of $9.68 billion, a PE ratio of 9.03, a PEG ratio of 0.09 and a beta of 0.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.46 and a current ratio of 1.84.

Harmony Gold Mining Company Profile

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.