Diversify Wealth Management LLC Boosts Position in Harmony Gold Mining Company Limited $HMY

Diversify Wealth Management LLC boosted its holdings in Harmony Gold Mining Company Limited (NYSE:HMY) by 35.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 187,697 shares of the mining company’s stock after purchasing an additional 48,810 shares during the quarter. Diversify Wealth Management LLC’s holdings in Harmony Gold Mining were worth $2,827,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in shares of Harmony Gold Mining during the 3rd quarter worth approximately $25,000. TD Private Client Wealth LLC acquired a new position in shares of Harmony Gold Mining in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Harmony Gold Mining in the 4th quarter valued at $26,000. Ascentis Independent Advisors purchased a new position in shares of Harmony Gold Mining in the 1st quarter valued at $28,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Harmony Gold Mining in the 1st quarter valued at $33,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Performance

Shares of NYSE:HMY opened at $14.97 on Tuesday. Harmony Gold Mining Company Limited has a 1-year low of $12.58 and a 1-year high of $26.06. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $16.43 and a 200 day moving average price of $18.17.

Analyst Upgrades and Downgrades

HMY has been the subject of a number of research reports. Wall Street Zen cut shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Finally, Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Harmony Gold Mining has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Harmony Gold Mining Company 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.