Alps Advisors Inc. Boosts Stake in Harmony Gold Mining Company Limited $HMY

Alps Advisors Inc. grew its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 34.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,405,825 shares of the mining company’s stock after acquiring an additional 360,673 shares during the period. Alps Advisors Inc. owned about 0.22% of Harmony Gold Mining worth $25,516,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HMY. Colonial Trust Advisors bought a new stake in shares of Harmony Gold Mining in the 2nd quarter valued at approximately $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 purchasing an additional 1,789 shares during the period. First Horizon Advisors Inc. bought a new stake in Harmony Gold Mining during the second quarter valued at $55,000. Hantz Financial Services Inc. raised 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 worth $62,000 after purchasing an additional 3,747 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in shares of Harmony Gold Mining in the 2nd quarter worth about $69,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a research report on Thursday, January 22nd. Zacks Research cut Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Finally, Wall Street Zen upgraded shares of 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 assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Harmony Gold Mining presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Harmony Gold Mining Stock Up 5.0%

Shares of HMY stock opened at $20.37 on Friday. Harmony Gold Mining Company Limited has a 1 year low of $9.69 and a 1 year 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. The business’s fifty day moving average is $21.11 and its 200-day moving average is $18.11.

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.