Bank of Montreal Can Increases Stock Position in Harmony Gold Mining Company Limited (NYSE:HMY)

Bank of Montreal Can grew its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,288 shares of the mining company’s stock after purchasing an additional 8,862 shares during the period. Bank of Montreal Can’s holdings in Harmony Gold Mining were worth $2,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Consolidated Portfolio Review Corp purchased a new stake in shares of Harmony Gold Mining in the third quarter valued at about $1,187,000. Cetera Investment Advisers purchased a new stake in Harmony Gold Mining during the first quarter worth about $2,097,000. Thrivent Financial for Lutherans purchased a new stake in Harmony Gold Mining during the second quarter worth about $1,141,000. Diversified Trust Co purchased a new stake in Harmony Gold Mining during the second quarter worth about $93,000. Finally, Ritholtz Wealth Management increased its holdings in Harmony Gold Mining by 44.1% during the third quarter. Ritholtz Wealth Management now owns 173,879 shares of the mining company’s stock worth $1,768,000 after buying an additional 53,244 shares during the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Trading Down 0.4 %

HMY opened at $8.94 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $10.09 and a 200-day moving average price of $9.70. Harmony Gold Mining Company Limited has a twelve month low of $5.40 and a twelve month high of $12.29.

Analyst Ratings Changes

A number of research firms recently issued reports on HMY. StockNews.com downgraded shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. JPMorgan Chase & Co. raised their price objective on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Finally, Bank of America assumed coverage on shares of Harmony Gold Mining in a research note on Monday, October 21st. They issued a “neutral” rating for the company.

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.