Hennion & Walsh Asset Management Inc. Grows Stake in Harmony Gold Mining Company Limited (NYSE:HMY)

Hennion & Walsh Asset Management Inc. grew its holdings in Harmony Gold Mining Company Limited (NYSE:HMY) by 20.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,137 shares of the mining company’s stock after buying an additional 2,377 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Harmony Gold Mining were worth $130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Blue Trust Inc. lifted its holdings in Harmony Gold Mining by 1,190.1% in the 2nd quarter. Blue Trust Inc. now owns 15,430 shares of the mining company’s stock worth $141,000 after buying an additional 14,234 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Harmony Gold Mining in the 2nd quarter worth approximately $1,386,000. Diversified Trust Co purchased a new stake in Harmony Gold Mining in the 2nd quarter worth approximately $93,000. QRG Capital Management Inc. lifted its holdings in Harmony Gold Mining by 37.8% in the 2nd quarter. QRG Capital Management Inc. now owns 14,656 shares of the mining company’s stock worth $134,000 after buying an additional 4,021 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in Harmony Gold Mining in the 1st quarter worth approximately $2,097,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Down 5.7 %

HMY stock opened at $10.52 on Friday. Harmony Gold Mining Company Limited has a twelve month low of $3.51 and a twelve month high of $11.37. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a market cap of $6.66 billion, a PE ratio of 7.01 and a beta of 1.69. The business has a 50 day moving average of $9.50 and a 200 day moving average of $8.52.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their target price on Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating for the company in a research note on Wednesday, July 3rd.

Harmony Gold Mining 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.