SG Americas Securities LLC Sells 102,812 Shares of Harmony Gold Mining Company Limited $HMY

SG Americas Securities LLC reduced its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 82.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,470 shares of the mining company’s stock after selling 102,812 shares during the quarter. SG Americas Securities LLC’s holdings in Harmony Gold Mining were worth $408,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HMY. Goldman Sachs Group Inc. grew its stake in shares of Harmony Gold Mining by 215.7% during the first quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after buying an additional 3,806,468 shares during the last quarter. Invesco Ltd. boosted its holdings in Harmony Gold Mining by 12,337.7% during the 2nd quarter. Invesco Ltd. now owns 4,795,844 shares of the mining company’s stock valued at $66,998,000 after acquiring an additional 4,757,285 shares during the period. AQR Capital Management LLC grew its position in Harmony Gold Mining by 286.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,961,141 shares of the mining company’s stock valued at $54,248,000 after acquiring an additional 2,936,552 shares during the last quarter. Acadian Asset Management LLC increased its stake in Harmony Gold Mining by 46.9% in the second quarter. Acadian Asset Management LLC now owns 3,613,767 shares of the mining company’s stock worth $50,460,000 after purchasing an additional 1,152,915 shares during the period. Finally, Amundi increased its stake in Harmony Gold Mining by 12.1% in the second quarter. Amundi now owns 2,369,973 shares of the mining company’s stock worth $33,796,000 after purchasing an additional 256,562 shares during the period. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on HMY. HSBC upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Thursday, October 9th. Wall Street Zen raised shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Hsbc Global Res raised shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. Investec upgraded Harmony Gold Mining to a “hold” rating in a report on Friday, October 10th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Harmony Gold Mining Stock Up 1.9%

NYSE HMY opened at $23.48 on Monday. The firm’s 50 day moving average price is $20.19 and its 200-day moving average price is $17.58. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. Harmony Gold Mining Company Limited has a 52-week low of $9.69 and a 52-week high of $23.80.

Harmony Gold Mining Company Profile

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.