Sigma Planning Corp Makes New Investment in Harmony Gold Mining Company Limited $HMY

Sigma Planning Corp bought a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY – Free Report) during the first quarter, Holdings Channel reports. The fund bought 42,775 shares of the mining company’s stock, valued at approximately $657,000.

Several other large investors have also modified their holdings of HMY. Hsbc Holdings PLC bought a new position in Harmony Gold Mining in the fourth quarter worth approximately $1,815,000. Assenagon Asset Management S.A. purchased a new stake in Harmony Gold Mining during the fourth quarter worth $17,832,000. U S Global Investors Inc. boosted its position in Harmony Gold Mining by 49.4% during the 1st quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company’s stock valued at $6,116,000 after acquiring an additional 131,538 shares in the last quarter. Ninety One UK Ltd bought a new stake in Harmony Gold Mining during the 4th quarter valued at $6,939,000. Finally, Eschler Asset Management LLP increased its holdings in shares of Harmony Gold Mining by 507.6% in the 4th quarter. Eschler Asset Management LLP now owns 70,596 shares of the mining company’s stock valued at $1,405,000 after acquiring an additional 58,978 shares during the period. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Trading Down 0.0%

Harmony Gold Mining stock opened at $14.65 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. Harmony Gold Mining Company Limited has a 1-year low of $12.58 and a 1-year high of $26.06. The business has a fifty day moving average price of $16.26 and a 200-day moving average price of $18.00.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HMY. Wall Street Zen raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research raised shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Harmony Gold Mining currently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Report on HMY

Harmony Gold Mining Company Profile

(Free Report)

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.

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