Cetera Investment Advisers Sells 5,231 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Cetera Investment Advisers reduced its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 306,353 shares of the mining company’s stock after selling 5,231 shares during the period. Cetera Investment Advisers’ holdings in Harmony Gold Mining were worth $4,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Millennium Management LLC increased its holdings in shares of 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 buying an additional 982,740 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Harmony Gold Mining by 12.0% in the 4th quarter. Mackenzie Financial Corp now owns 1,599,913 shares of the mining company’s stock worth $13,135,000 after buying an additional 171,136 shares during the last quarter. Renaissance Technologies LLC bought a new position in Harmony Gold Mining during the 4th quarter valued at about $11,903,000. Lazard Asset Management LLC grew its holdings in Harmony Gold Mining by 32.1% during the 4th quarter. Lazard Asset Management LLC now owns 1,248,459 shares of the mining company’s stock valued at $10,249,000 after purchasing an additional 303,723 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Harmony Gold Mining by 4.9% during the 4th quarter. Bank of America Corp DE now owns 1,235,498 shares of the mining company’s stock valued at $10,143,000 after purchasing an additional 58,138 shares during the last quarter. 31.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HMY shares. Hsbc Global Res upgraded shares of Harmony Gold Mining from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 17th. BMO Capital Markets started coverage on shares of Harmony Gold Mining in a report on Thursday, July 17th. They set a “market perform” rating and a $16.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Harmony Gold Mining currently has an average rating of “Hold” and a consensus price target of $12.20.

Harmony Gold Mining Stock Performance

Shares of NYSE:HMY opened at $14.22 on Monday. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 0.09 and a beta of 0.77. The company has a current ratio of 1.84, a quick ratio of 1.46 and a debt-to-equity ratio of 0.04. Harmony Gold Mining Company Limited has a 12 month low of $7.97 and a 12 month high of $18.77. The firm’s 50-day moving average is $14.42 and its 200 day moving average is $13.68.

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.