Ashton Thomas Private Wealth LLC Decreases Stock Holdings in Harmony Gold Mining Company Limited $HMY

Ashton Thomas Private Wealth LLC cut its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 64.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,565 shares of the mining company’s stock after selling 219,678 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Harmony Gold Mining were worth $2,243,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Colonial Trust Advisors bought a new stake in Harmony Gold Mining in the 2nd quarter worth approximately $26,000. Farther Finance Advisors LLC boosted its stake in shares of Harmony Gold Mining by 181.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company’s stock worth $50,000 after buying an additional 1,789 shares during the last quarter. First Horizon Advisors Inc. bought a new stake in shares of Harmony Gold Mining in the second quarter worth $55,000. Hantz Financial Services Inc. grew its holdings in shares of Harmony Gold Mining by 533.8% in the second quarter. Hantz Financial Services Inc. now owns 4,449 shares of the mining company’s stock worth $62,000 after acquiring an additional 3,747 shares during the period. Finally, Bayforest Capital Ltd increased its position in Harmony Gold Mining by 973.7% during the third quarter. Bayforest Capital Ltd now owns 4,778 shares of the mining company’s stock valued at $87,000 after acquiring an additional 4,333 shares during the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Trading Down 8.6%

Shares of HMY stock opened at $19.40 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $21.09 and a two-hundred day simple moving average of $18.05. Harmony Gold Mining Company Limited has a 52-week low of $9.69 and a 52-week high of $26.06.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HMY. Hsbc Global Res upgraded 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 research report on Saturday, January 17th. Investec raised shares of Harmony Gold Mining to a “hold” rating in a report on Friday, October 10th. HSBC upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.