Advisors Preferred LLC Makes New Investment in Harmony Gold Mining Company Limited $HMY

Advisors Preferred LLC bought a new position in Harmony Gold Mining Company Limited (NYSE:HMY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 24,491 shares of the mining company’s stock, valued at approximately $452,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Shilanski & Associates Inc. grew its stake in Harmony Gold Mining by 3.0% in the third quarter. Shilanski & Associates Inc. now owns 22,909 shares of the mining company’s stock worth $416,000 after purchasing an additional 670 shares during the period. Signaturefd LLC boosted its holdings in shares of Harmony Gold Mining by 5.6% during the 3rd quarter. Signaturefd LLC now owns 16,323 shares of the mining company’s stock valued at $296,000 after buying an additional 867 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in shares of Harmony Gold Mining by 4.6% during the 2nd quarter. Personal CFO Solutions LLC now owns 22,767 shares of the mining company’s stock valued at $318,000 after buying an additional 993 shares in the last quarter. Profund Advisors LLC grew its position in shares of Harmony Gold Mining by 1.9% in the 2nd quarter. Profund Advisors LLC now owns 59,968 shares of the mining company’s stock worth $838,000 after buying an additional 1,126 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Harmony Gold Mining by 13.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,516 shares of the mining company’s stock worth $147,000 after acquiring an additional 1,280 shares in the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HMY. Zacks Research lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Wall Street Zen upgraded shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Harmony Gold Mining has an average rating of “Moderate Buy” and an average price target of $16.00.

Harmony Gold Mining Trading Up 3.2%

Shares of Harmony Gold Mining stock opened at $20.91 on Friday. Harmony Gold Mining Company Limited has a 1 year low of $9.69 and a 1 year high of $26.06. The firm’s 50-day moving average is $21.35 and its 200 day moving average is $18.55. 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 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.