Hsbc Holdings PLC Purchases Shares of 90,759 Harmony Gold Mining Company Limited $HMY

Hsbc Holdings PLC acquired a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 90,759 shares of the mining company’s stock, valued at approximately $1,815,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Harmony Gold Mining in the 3rd quarter worth $25,000. TD Private Client Wealth LLC purchased a new stake in Harmony Gold Mining during the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Harmony Gold Mining during the fourth quarter worth about $26,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Harmony Gold Mining during the fourth quarter worth about $36,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Harmony Gold Mining in the 4th quarter valued at about $100,000. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Harmony Gold Mining Stock Performance

HMY opened at $15.16 on Tuesday. The firm’s 50 day moving average is $16.71 and its 200-day moving average is $18.54. Harmony Gold Mining Company Limited has a 52-week low of $12.58 and a 52-week 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.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HMY shares. Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. 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. Finally, Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. One 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

About Harmony Gold Mining

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.