Alps Advisors Inc. Has $25.52 Million Holdings in Harmony Gold Mining Company Limited $HMY

Alps Advisors Inc. increased its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 34.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,405,825 shares of the mining company’s stock after purchasing an additional 360,673 shares during the period. Alps Advisors Inc.’s holdings in Harmony Gold Mining were worth $25,516,000 at the end of the most recent reporting period.

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

Harmony Gold Mining Stock Performance

HMY stock opened at $20.37 on Friday. Harmony Gold Mining Company Limited has a 1 year low of $9.69 and a 1 year high of $26.06. The company has a fifty day simple moving average of $21.11 and a 200 day simple moving average of $18.11. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 0.04.

Wall Street Analysts Forecast Growth

HMY has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Harmony Gold Mining in a report on Thursday, January 22nd. Wall Street Zen raised shares of Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Finally, Zacks Research downgraded shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.