SG Americas Securities LLC Sells 104,379 Shares of Harmony Gold Mining Company Limited $HMY

SG Americas Securities LLC cut its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 45.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,738 shares of the mining company’s stock after selling 104,379 shares during the quarter. SG Americas Securities LLC’s holdings in Harmony Gold Mining were worth $1,902,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HMY. 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. Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Finally, Wall Street Zen lowered Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Harmony Gold Mining Price Performance

NYSE HMY opened at $16.06 on Friday. 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 quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.03. The firm’s 50-day simple moving average is $16.55 and its two-hundred day simple moving average is $18.44.

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.