Massachusetts Financial Services Co. MA Takes $735,000 Position in Harmony Gold Mining Co. (HMY)

Massachusetts Financial Services Co. MA bought a new stake in Harmony Gold Mining Co. (NYSE:HMY) during the third quarter, HoldingsChannel.com reports. The fund bought 442,860 shares of the mining company’s stock, valued at approximately $735,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Van ECK Associates Corp raised its position in Harmony Gold Mining by 7.9% in the 2nd quarter. Van ECK Associates Corp now owns 57,916,855 shares of the mining company’s stock valued at $90,350,000 after buying an additional 4,243,563 shares during the last quarter. Exor Investments UK LLP raised its position in Harmony Gold Mining by 6.8% in the 3rd quarter. Exor Investments UK LLP now owns 13,275,728 shares of the mining company’s stock valued at $22,038,000 after buying an additional 850,000 shares during the last quarter. Ruffer LLP raised its position in Harmony Gold Mining by 128.8% in the 2nd quarter. Ruffer LLP now owns 2,575,555 shares of the mining company’s stock valued at $4,031,000 after buying an additional 1,450,000 shares during the last quarter. Renaissance Technologies LLC raised its position in Harmony Gold Mining by 173.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,991,500 shares of the mining company’s stock valued at $3,107,000 after buying an additional 1,263,100 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in Harmony Gold Mining by 11.1% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 1,315,579 shares of the mining company’s stock valued at $2,052,000 after buying an additional 131,285 shares during the last quarter. 28.40% of the stock is currently owned by institutional investors and hedge funds.

HMY has been the topic of a number of recent research reports. Macquarie lowered Harmony Gold Mining from a “neutral” rating to an “underperform” rating in a research report on Tuesday, August 28th. Zacks Investment Research raised Harmony Gold Mining from a “sell” rating to a “hold” rating in a research report on Friday, August 31st. Finally, ValuEngine lowered Harmony Gold Mining from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 15th. Three research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $2.25.

NYSE:HMY opened at $1.67 on Friday. The company has a market cap of $782.72 million, a price-to-earnings ratio of 12.85 and a beta of -2.01. Harmony Gold Mining Co. has a twelve month low of $1.42 and a twelve month high of $2.53. The company has a current ratio of 1.15, a quick ratio of 0.67 and a debt-to-equity ratio of 0.20.

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Harmony Gold Mining Profile

Harmony Gold Mining Company Limited engages in the exploration and mining 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 other surface operations in South Africa. The company owns interests in the Hidden Valley, an open-pit gold and silver mine; the Wafi Golpu project in Morobe province; and the Kili Teke gold-copper exploration project in Papua New Guinea.

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Institutional Ownership by Quarter for Harmony Gold Mining (NYSE:HMY)

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