Advisors Preferred LLC Acquires New Shares in Harmony Gold Mining Company Limited $HMY

Advisors Preferred LLC bought a new position in Harmony Gold Mining Company Limited (NYSE:HMY) in the third quarter, HoldingsChannel reports. The institutional investor bought 24,491 shares of the mining company’s stock, valued at approximately $452,000.

Other hedge funds have also recently modified their holdings of the company. Colonial Trust Advisors bought a new position in shares of Harmony Gold Mining during the second quarter valued at $26,000. Assetmark Inc. raised its position in Harmony Gold Mining by 907.5% in the 3rd quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock worth $32,000 after buying an additional 1,579 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Harmony Gold Mining by 181.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company’s stock valued at $50,000 after acquiring an additional 1,789 shares during the period. First Horizon Advisors Inc. purchased a new stake in shares of Harmony Gold Mining during the 2nd quarter valued at about $55,000. Finally, Hantz Financial Services Inc. grew its stake 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. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. 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. Weiss Ratings restated a “buy (b)” rating on shares of Harmony Gold Mining in a research note on Thursday, January 22nd. Finally, Zacks Research lowered Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.00.

Harmony Gold Mining Stock Up 3.2%

HMY opened at $20.91 on Friday. The firm’s 50 day simple moving average is $21.35 and its two-hundred day simple moving average is $18.55. 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 current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.04.

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.