Harmony Gold Mining Company Limited $HMY Shares Sold by Ativo Capital Management LLC

Ativo Capital Management LLC lowered its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 25.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 92,212 shares of the mining company’s stock after selling 31,711 shares during the quarter. Harmony Gold Mining comprises about 1.4% of Ativo Capital Management LLC’s investment portfolio, making the stock its 29th biggest position. Ativo Capital Management LLC’s holdings in Harmony Gold Mining were worth $1,674,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. raised its stake in shares of Harmony Gold Mining by 12,337.7% in the 2nd quarter. Invesco Ltd. now owns 4,795,844 shares of the mining company’s stock valued at $66,998,000 after acquiring an additional 4,757,285 shares during the period. Goldman Sachs Group Inc. raised its position in Harmony Gold Mining by 215.7% in the first quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after purchasing an additional 3,806,468 shares during the period. AQR Capital Management LLC lifted its stake in Harmony Gold Mining by 286.6% during the second quarter. AQR Capital Management LLC now owns 3,961,141 shares of the mining company’s stock worth $54,248,000 after purchasing an additional 2,936,552 shares in the last quarter. Man Group plc boosted its position in shares of Harmony Gold Mining by 1,801.7% during the second quarter. Man Group plc now owns 1,985,093 shares of the mining company’s stock worth $27,732,000 after buying an additional 1,880,708 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Harmony Gold Mining by 46.9% in the second quarter. Acadian Asset Management LLC now owns 3,613,767 shares of the mining company’s stock valued at $50,460,000 after buying an additional 1,152,915 shares in the last quarter. 31.79% of the stock is owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Performance

Shares of NYSE:HMY opened at $21.33 on Friday. Harmony Gold Mining Company Limited has a fifty-two week low of $9.69 and a fifty-two week high of $26.06. The firm’s 50 day moving average price is $20.92 and its 200 day moving average price is $17.89. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.04.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HMY. Weiss Ratings reissued a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Thursday, January 22nd. 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. Hsbc Global Res raised shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 9th. 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, HSBC upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

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.