Van ECK Associates Corp Has $516.33 Million Stock Holdings in Harmony Gold Mining Company Limited (NYSE:HMY)

Van ECK Associates Corp lowered its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,889,782 shares of the mining company’s stock after selling 6,005,306 shares during the period. Van ECK Associates Corp owned about 0.10% of Harmony Gold Mining worth $516,325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning lifted its holdings in shares of Harmony Gold Mining by 3.6% during the 3rd quarter. Creative Planning now owns 59,686 shares of the mining company’s stock valued at $607,000 after buying an additional 2,061 shares during the last quarter. Blue Trust Inc. raised its position in Harmony Gold Mining by 159.4% during the third quarter. Blue Trust Inc. now owns 40,022 shares of the mining company’s stock valued at $407,000 after acquiring an additional 24,592 shares in the last quarter. Veracity Capital LLC lifted its stake in Harmony Gold Mining by 7.9% in the third quarter. Veracity Capital LLC now owns 13,747 shares of the mining company’s stock valued at $140,000 after acquiring an additional 1,003 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Harmony Gold Mining in the third quarter worth approximately $1,035,000. Finally, Consolidated Portfolio Review Corp acquired a new position in shares of Harmony Gold Mining during the 3rd quarter worth $1,187,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Bank of America started coverage on shares of Harmony Gold Mining in a research note on Monday, October 21st. They issued a “neutral” rating for the company. JPMorgan Chase & Co. boosted their price target on Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Finally, StockNews.com lowered Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th.

Harmony Gold Mining Price Performance

Shares of Harmony Gold Mining stock opened at $11.88 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56. The firm has a fifty day simple moving average of $9.58 and a 200-day simple moving average of $9.85. Harmony Gold Mining Company Limited has a 1-year low of $5.41 and a 1-year high of $12.48.

Harmony Gold Mining Profile

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.