Stifel Financial Corp Sells 5,023 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

Stifel Financial Corp cut its stake in Harmony Gold Mining Company Limited (NYSE:HMY) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,030 shares of the mining company’s stock after selling 5,023 shares during the quarter. Stifel Financial Corp’s holdings in Harmony Gold Mining were worth $549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HMY. HighTower Advisors LLC increased its stake in shares of Harmony Gold Mining by 298.5% in the 3rd quarter. HighTower Advisors LLC now owns 52,383 shares of the mining company’s stock worth $525,000 after purchasing an additional 39,237 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Harmony Gold Mining during the third quarter valued at approximately $528,000. Bridgewater Associates LP raised its stake in Harmony Gold Mining by 34.6% during the third quarter. Bridgewater Associates LP now owns 403,178 shares of the mining company’s stock valued at $4,100,000 after purchasing an additional 103,608 shares in the last quarter. FMR LLC grew its position in Harmony Gold Mining by 522.6% in the third quarter. FMR LLC now owns 38,620 shares of the mining company’s stock worth $393,000 after acquiring an additional 32,417 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in Harmony Gold Mining by 4.0% during the 3rd quarter. Bank of Montreal Can now owns 228,288 shares of the mining company’s stock valued at $2,466,000 after buying an additional 8,862 shares during the period. 31.79% of the stock is owned by institutional investors.

Harmony Gold Mining Price Performance

Shares of HMY opened at $8.31 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07. The company’s fifty day moving average price is $9.66 and its 200-day moving average price is $9.64. Harmony Gold Mining Company Limited has a 1-year low of $5.40 and a 1-year high of $12.29. The firm has a market capitalization of $5.27 billion, a PE ratio of 5.98, a price-to-earnings-growth ratio of 0.46 and a beta of 1.72.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HMY shares. JPMorgan Chase & Co. increased their price target on Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. StockNews.com lowered Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Thursday, November 28th. Finally, Bank of America started coverage on shares of Harmony Gold Mining in a report on Monday, October 21st. They issued a “neutral” rating for the company.

Harmony Gold Mining Company Profile

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.