Burns Matteson Capital Management LLC Grows Stock Holdings in Harmony Gold Mining Company Limited (NYSE:HMY)

Burns Matteson Capital Management LLC boosted its holdings in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 30.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,356 shares of the mining company’s stock after purchasing an additional 3,124 shares during the quarter. Burns Matteson Capital Management LLC’s holdings in Harmony Gold Mining were worth $197,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Harmony Gold Mining in the fourth quarter worth about $624,000. Jump Financial LLC bought a new position in shares of Harmony Gold Mining in the fourth quarter worth about $174,000. Bank of America Corp DE grew its holdings in shares of Harmony Gold Mining by 4.9% in the fourth quarter. Bank of America Corp DE now owns 1,235,498 shares of the mining company’s stock worth $10,143,000 after purchasing an additional 58,138 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Harmony Gold Mining by 11.1% in the first quarter. GAMMA Investing LLC now owns 8,689 shares of the mining company’s stock worth $128,000 after purchasing an additional 866 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Harmony Gold Mining in the fourth quarter worth about $985,000. Institutional investors own 31.79% of the company’s stock.

Wall Street Analysts Forecast Growth

HMY has been the topic of a number of research analyst reports. BMO Capital Markets initiated coverage on shares of Harmony Gold Mining in a report on Thursday. They issued a “market perform” rating and a $16.00 price target on the stock. Hsbc Global Res upgraded shares of Harmony Gold Mining from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Harmony Gold Mining has a consensus rating of “Hold” and a consensus target price of $12.20.

Harmony Gold Mining Stock Down 0.6%

Shares of Harmony Gold Mining stock opened at $14.02 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.84 and a quick ratio of 1.46. Harmony Gold Mining Company Limited has a 1 year low of $7.97 and a 1 year high of $18.77. The firm’s 50-day moving average is $14.57 and its two-hundred day moving average is $13.20. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.09 and a beta of 0.94.

About Harmony Gold Mining

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.