Dorsey Wright & Associates Buys 59,582 Shares of Harmony Gold Mining Company Limited $HMY

Dorsey Wright & Associates boosted its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMYFree Report) by 41.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 204,042 shares of the mining company’s stock after buying an additional 59,582 shares during the period. Dorsey Wright & Associates’ holdings in Harmony Gold Mining were worth $3,136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new stake in Harmony Gold Mining during the 4th quarter valued at $1,815,000. Assenagon Asset Management S.A. purchased a new stake in shares of Harmony Gold Mining during the fourth quarter valued at about $17,832,000. U S Global Investors Inc. lifted its position in Harmony Gold Mining by 49.4% during the first quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company’s stock valued at $6,116,000 after acquiring an additional 131,538 shares during the last quarter. Ninety One UK Ltd acquired a new stake in shares of Harmony Gold Mining in the 4th quarter worth $6,939,000. Finally, Eschler Asset Management LLP boosted its holdings in Harmony Gold Mining by 507.6% in the fourth quarter. Eschler Asset Management LLP now owns 70,596 shares of the mining company’s stock worth $1,405,000 after acquiring an additional 58,978 shares in the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Trading Down 0.9%

HMY stock opened at $14.65 on Friday. Harmony Gold Mining Company Limited has a 52-week low of $12.58 and a 52-week high of $26.06. The business has a fifty day moving average of $16.26 and a two-hundred day moving average of $18.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38.

Wall Street Analysts Forecast Growth

HMY has been the subject of several research reports. Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Wall Street Zen upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research raised shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Harmony Gold Mining has an average rating of “Moderate Buy”.

View Our Latest Research Report on Harmony Gold Mining

Harmony Gold Mining Company 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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Institutional Ownership by Quarter for Harmony Gold Mining (NYSE:HMY)

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