ABC Arbitrage SA Purchases Shares of 1,021,504 Harmony Gold Mining Company Limited $HMY

ABC Arbitrage SA bought a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,021,504 shares of the mining company’s stock, valued at approximately $18,540,000. Harmony Gold Mining makes up approximately 1.8% of ABC Arbitrage SA’s investment portfolio, making the stock its 16th largest holding. ABC Arbitrage SA owned 0.16% of Harmony Gold Mining at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HMY. Colonial Trust Advisors bought a new position in shares of Harmony Gold Mining during the 2nd quarter worth about $26,000. Farther Finance Advisors LLC boosted its holdings in Harmony Gold Mining by 181.8% in the third 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 in the last quarter. First Horizon Advisors Inc. acquired a new stake in Harmony Gold Mining in the second quarter valued at approximately $55,000. Hantz Financial Services Inc. increased its holdings in shares of Harmony Gold Mining by 533.8% during the second quarter. Hantz Financial Services Inc. now owns 4,449 shares of the mining company’s stock valued at $62,000 after acquiring an additional 3,747 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Harmony Gold Mining during the second quarter valued at approximately $69,000. 31.79% of the stock is currently owned by institutional investors.

Harmony Gold Mining Stock Down 0.7%

HMY opened at $21.34 on Wednesday. Harmony Gold Mining Company Limited has a 12 month low of $9.69 and a 12 month high of $26.06. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $21.19 and a 200 day moving average of $18.23.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

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.