Denali Advisors LLC Makes New $194,000 Investment in Harmony Gold Mining Company Limited (NYSE:HMY)

Denali Advisors LLC purchased a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) in the fourth quarter, Holdings Channel.com reports. The firm purchased 23,624 shares of the mining company’s stock, valued at approximately $194,000.

Other institutional investors also recently bought and sold shares of the company. ABC Arbitrage SA purchased a new stake in Harmony Gold Mining during the 4th quarter worth about $20,229,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Harmony Gold Mining in the 3rd quarter valued at about $1,412,000. HighTower Advisors LLC lifted its holdings 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 valued at $525,000 after purchasing an additional 39,237 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of Harmony Gold Mining in the 4th quarter valued at about $188,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Harmony Gold Mining in the 3rd quarter valued at about $1,526,000. 31.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a report on Tuesday, November 12th. StockNews.com downgraded Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th.

Harmony Gold Mining Stock Performance

Shares of HMY stock opened at $10.09 on Friday. The stock has a market capitalization of $6.40 billion, a PE ratio of 5.97, a price-to-earnings-growth ratio of 0.63 and a beta of 1.75. Harmony Gold Mining Company Limited has a 52-week low of $5.41 and a 52-week high of $12.48. The stock’s 50-day moving average price is $10.14 and its 200 day moving average price is $10.00. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04.

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.