Fmr LLC Buys 32,417 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Fmr LLC lifted its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 522.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,620 shares of the mining company’s stock after purchasing an additional 32,417 shares during the period. Fmr LLC’s holdings in Harmony Gold Mining were worth $393,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Bank of Montreal Can lifted its holdings in Harmony Gold Mining by 4.0% during the third quarter. Bank of Montreal Can now owns 228,288 shares of the mining company’s stock valued at $2,466,000 after purchasing an additional 8,862 shares during the last quarter. Eagle Asset Management Inc. raised its position in shares of Harmony Gold Mining by 10.8% in the third quarter. Eagle Asset Management Inc. now owns 43,359 shares of the mining company’s stock valued at $448,000 after purchasing an additional 4,220 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of Harmony Gold Mining during the 3rd quarter valued at approximately $241,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Harmony Gold Mining by 27.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 792,263 shares of the mining company’s stock worth $8,057,000 after buying an additional 170,175 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Harmony Gold Mining in the 3rd quarter valued at approximately $192,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Performance

NYSE HMY opened at $8.34 on Friday. The company’s 50 day simple moving average is $9.86 and its two-hundred day simple moving average is $9.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. Harmony Gold Mining Company Limited has a 1 year low of $5.40 and a 1 year high of $12.29. The stock has a market capitalization of $5.29 billion, a PE ratio of 6.00, a P/E/G ratio of 0.46 and a beta of 1.72.

Wall Street Analysts Forecast Growth

HMY has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Bank of America started coverage on Harmony Gold Mining in a report on Monday, October 21st. They set a “neutral” rating on the stock. Finally, StockNews.com downgraded Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th.

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.