Healthcare of Ontario Pension Plan Trust Fund Acquires New Shares in Harmony Gold Mining Company Limited $HMY

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Harmony Gold Mining Company Limited (NYSE:HMY) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 146,266 shares of the mining company’s stock, valued at approximately $2,248,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barometer Capital Management Inc. increased its position in shares of Harmony Gold Mining by 1,118.8% during the 1st quarter. Barometer Capital Management Inc. now owns 117,000 shares of the mining company’s stock worth $1,764,000 after purchasing an additional 107,400 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Harmony Gold Mining in the fourth quarter valued at about $1,815,000. U S Global Investors Inc. lifted its position in Harmony Gold Mining by 49.4% in the first quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company’s stock valued at $6,116,000 after buying an additional 131,538 shares during the last quarter. Assetmark Inc. boosted its stake in Harmony Gold Mining by 4,535.7% during the first quarter. Assetmark Inc. now owns 271,653 shares of the mining company’s stock worth $4,175,000 after buying an additional 265,793 shares during the period. Finally, Ninety One UK Ltd purchased a new position in Harmony Gold Mining during the fourth quarter worth about $6,939,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

Shares of Harmony Gold Mining stock opened at $15.74 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54. The business has a 50-day moving average of $15.95 and a 200 day moving average of $17.68. Harmony Gold Mining Company Limited has a 12 month low of $12.58 and a 12 month high of $26.06.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Wall Street Zen lowered shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley raised shares of Harmony Gold Mining to an “overweight” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Harmony Gold Mining in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Harmony Gold Mining has an average rating of “Moderate Buy”.

Harmony Gold Mining Company 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.