UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires New Shares in Harmony Gold Mining Company Limited (NYSE:HMY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Harmony Gold Mining Company Limited (NYSE:HMY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,945 shares of the mining company’s stock, valued at approximately $528,000.

A number of other large investors have also recently modified their holdings of HMY. Assenagon Asset Management S.A. bought a new position in shares of Harmony Gold Mining during the second quarter valued at about $1,386,000. Hennion & Walsh Asset Management Inc. lifted its stake in Harmony Gold Mining by 20.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 14,137 shares of the mining company’s stock worth $130,000 after acquiring an additional 2,377 shares during the period. Atlas Capital Advisors LLC increased its position in Harmony Gold Mining by 582.1% during the 2nd quarter. Atlas Capital Advisors LLC now owns 51,296 shares of the mining company’s stock valued at $470,000 after purchasing an additional 43,776 shares during the period. Ritholtz Wealth Management bought a new stake in shares of Harmony Gold Mining during the 2nd quarter valued at about $1,106,000. Finally, Acadian Asset Management LLC raised its stake in Harmony Gold Mining by 111.5% in the second quarter. Acadian Asset Management LLC now owns 1,853,606 shares of the mining company’s stock worth $16,978,000 after buying an additional 977,142 shares in the last quarter. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Performance

HMY stock opened at $8.43 on Friday. The stock’s 50 day simple moving average is $9.83 and its 200 day simple moving average is $9.66. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Harmony Gold Mining Company Limited has a 12-month low of $5.40 and a 12-month high of $12.29. The stock has a market capitalization of $5.35 billion, a PE ratio of 6.06, a price-to-earnings-growth ratio of 0.46 and a beta of 1.72.

Wall Street Analyst Weigh In

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

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.