Ashton Thomas Private Wealth LLC Trims Stock Position in Harmony Gold Mining Company Limited $HMY

Ashton Thomas Private Wealth LLC trimmed its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 64.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,565 shares of the mining company’s stock after selling 219,678 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Harmony Gold Mining were worth $2,243,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HMY. Colonial Trust Advisors bought a new position in Harmony Gold Mining in the second quarter worth about $26,000. Farther Finance Advisors LLC grew its holdings in shares of Harmony Gold Mining by 181.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company’s stock worth $50,000 after acquiring an additional 1,789 shares during the period. First Horizon Advisors Inc. bought a new position in shares of Harmony Gold Mining in the 2nd quarter worth approximately $55,000. Hantz Financial Services Inc. lifted its stake in shares of Harmony Gold Mining by 533.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 4,449 shares of the mining company’s stock valued at $62,000 after purchasing an additional 3,747 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in shares of Harmony Gold Mining during the second quarter valued at approximately $69,000. Institutional investors own 31.79% of the company’s stock.

Wall Street Analyst Weigh In

HMY has been the subject of several recent research reports. Investec raised Harmony Gold Mining to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. HSBC raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Finally, Zacks Research cut Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Harmony Gold Mining has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Harmony Gold Mining Stock Performance

Shares of NYSE HMY opened at $19.40 on Friday. The firm’s 50 day moving average price is $21.09 and its 200-day moving average price is $18.05. Harmony Gold Mining Company Limited has a 52-week low of $9.69 and a 52-week high of $26.06. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04.

About Harmony Gold Mining

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.