Renaissance Technologies LLC raised its stake in Harmony Gold Mining Co. (NYSE:HMY) by 107.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,129,700 shares of the mining company’s stock after purchasing an additional 2,138,200 shares during the period. Renaissance Technologies LLC owned 0.93% of Harmony Gold Mining worth $6,855,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of HMY. Tower Research Capital LLC TRC increased its stake in Harmony Gold Mining by 76.4% in the third quarter. Tower Research Capital LLC TRC now owns 79,864 shares of the mining company’s stock valued at $132,000 after purchasing an additional 34,592 shares in the last quarter. Virtu Financial LLC increased its stake in Harmony Gold Mining by 357.2% in the third quarter. Virtu Financial LLC now owns 145,357 shares of the mining company’s stock valued at $241,000 after purchasing an additional 113,566 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Harmony Gold Mining in the third quarter valued at $735,000. Jane Street Group LLC increased its stake in Harmony Gold Mining by 39.7% in the second quarter. Jane Street Group LLC now owns 754,163 shares of the mining company’s stock valued at $1,176,000 after purchasing an additional 214,336 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Harmony Gold Mining by 55.2% in the third quarter. Bank of Montreal Can now owns 885,431 shares of the mining company’s stock valued at $1,470,000 after purchasing an additional 315,039 shares in the last quarter. 31.12% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on HMY shares. ValuEngine upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “sell” rating in a report on Monday, October 8th. Zacks Investment Research upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a report on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $2.25.
Shares of NYSE HMY opened at $1.85 on Friday. The stock has a market cap of $831.64 million, a PE ratio of 14.23 and a beta of -1.93. Harmony Gold Mining Co. has a 1 year low of $1.42 and a 1 year high of $2.53. The company has a quick ratio of 0.67, a current ratio of 1.15 and a debt-to-equity ratio of 0.20.
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About Harmony Gold Mining
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various surface treatment operations in South Africa.
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