Wealthstar Advisors LLC Buys Shares of 63,138 Harmony Gold Mining Company Limited $HMY

Wealthstar Advisors LLC purchased a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 63,138 shares of the mining company’s stock, valued at approximately $970,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. FIL Ltd acquired a new position in shares of Harmony Gold Mining during the fourth quarter valued at $111,182,000. Goldman Sachs Group Inc. raised its stake in shares of Harmony Gold Mining by 215.7% during the first quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after purchasing an additional 3,806,468 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Harmony Gold Mining by 286.6% in the second quarter. AQR Capital Management LLC now owns 3,961,141 shares of the mining company’s stock worth $54,248,000 after purchasing an additional 2,936,552 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Harmony Gold Mining by 7,504.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,306,431 shares of the mining company’s stock worth $41,862,000 after purchasing an additional 2,276,099 shares during the period. Finally, Man Group plc grew its position in Harmony Gold Mining by 1,801.7% in the 2nd quarter. Man Group plc now owns 1,985,093 shares of the mining company’s stock valued at $27,732,000 after buying an additional 1,880,708 shares in the last quarter. Institutional investors own 31.79% of the company’s stock.

Wall Street Analyst Weigh In

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

Harmony Gold Mining Stock Down 0.2%

Shares of HMY stock opened at $16.06 on Friday. 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 business’s fifty day moving average is $16.53 and its 200-day moving average is $18.42.

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.