Aquatic Capital Management LLC Raises Stake in Harmony Gold Mining Company Limited $HMY

Aquatic Capital Management LLC grew its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 78.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 332,461 shares of the mining company’s stock after acquiring an additional 146,459 shares during the quarter. Aquatic Capital Management LLC owned about 0.05% of Harmony Gold Mining worth $6,034,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans purchased a new position in Harmony Gold Mining during the third quarter worth about $1,123,000. Ariose Capital Management Ltd purchased a new stake in shares of Harmony Gold Mining in the 3rd quarter valued at approximately $1,182,000. Alps Advisors Inc. increased its holdings in shares of Harmony Gold Mining by 34.5% during the 3rd quarter. Alps Advisors Inc. now owns 1,405,825 shares of the mining company’s stock worth $25,516,000 after buying an additional 360,673 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Harmony Gold Mining by 15.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 184,507 shares of the mining company’s stock worth $2,578,000 after buying an additional 24,779 shares during the last quarter. Finally, Amundi raised its position in shares of Harmony Gold Mining by 12.1% during the 2nd quarter. Amundi now owns 2,369,973 shares of the mining company’s stock valued at $33,796,000 after buying 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

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

Harmony Gold Mining Stock Performance

HMY stock opened at $15.29 on Tuesday. The business’s fifty day moving average price is $21.03 and its 200 day moving average price is $19.06. Harmony Gold Mining Company Limited has a 12-month low of $11.98 and a 12-month high of $26.06. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03.

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.