BNP Paribas Financial Markets Trims Stock Position in Harmony Gold Mining Company Limited (NYSE:HMY)

BNP Paribas Financial Markets lowered its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 26.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,970 shares of the mining company’s stock after selling 8,100 shares during the period. BNP Paribas Financial Markets’ holdings in Harmony Gold Mining were worth $223,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hara Capital LLC purchased a new position in shares of Harmony Gold Mining during the 3rd quarter worth approximately $38,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Harmony Gold Mining during the 2nd quarter worth $41,000. Wallace Advisory Group LLC acquired a new position in shares of Harmony Gold Mining during the 2nd quarter worth $94,000. Ballentine Partners LLC purchased a new position in shares of Harmony Gold Mining in the 2nd quarter valued at about $112,000. Finally, Ground Swell Capital LLC purchased a new position in Harmony Gold Mining in the third quarter valued at about $115,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Down 0.8 %

HMY stock opened at $8.88 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. Harmony Gold Mining Company Limited has a 12 month low of $5.40 and a 12 month high of $12.29. The firm has a market capitalization of $5.64 billion, a PE ratio of 6.39, a P/E/G ratio of 0.46 and a beta of 1.72. The company’s 50 day simple moving average is $9.93 and its 200-day simple moving average is $9.68.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. StockNews.com lowered Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Bank of America initiated coverage on Harmony Gold Mining in a research note on Monday, October 21st. They set a “neutral” rating for the company.

About Harmony Gold Mining

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.