Diversify Wealth Management LLC Boosts Position in Harmony Gold Mining Company Limited (NYSE:HMY)

Diversify Wealth Management LLC lifted its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 18.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,083 shares of the mining company’s stock after purchasing an additional 16,121 shares during the quarter. Diversify Wealth Management LLC’s holdings in Harmony Gold Mining were worth $939,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HMY. Van ECK Associates Corp raised its position in Harmony Gold Mining by 3.3% in the third quarter. Van ECK Associates Corp now owns 68,895,088 shares of the mining company’s stock valued at $700,663,000 after purchasing an additional 2,206,537 shares during the period. Wellington Management Group LLP increased its position in shares of Harmony Gold Mining by 76.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,676,433 shares of the mining company’s stock worth $27,219,000 after purchasing an additional 1,162,292 shares during the last quarter. AQR Capital Management LLC raised its holdings in Harmony Gold Mining by 63.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,567,543 shares of the mining company’s stock valued at $14,374,000 after buying an additional 609,971 shares during the period. Assenagon Asset Management S.A. acquired a new position in Harmony Gold Mining in the fourth quarter valued at about $1,804,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Harmony Gold Mining by 27.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,263 shares of the mining company’s stock worth $8,057,000 after buying an additional 170,175 shares during the period. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HMY shares. Bank of America started coverage on shares of Harmony Gold Mining in a report on Monday, October 21st. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. raised 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 downgraded Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Thursday, November 28th.

Harmony Gold Mining Stock Up 3.3 %

Shares of HMY opened at $9.77 on Tuesday. Harmony Gold Mining Company Limited has a fifty-two week low of $5.41 and a fifty-two week high of $12.29. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average price is $8.90 and its 200 day moving average price is $9.65.

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.