Y Intercept Hong Kong Ltd Trims Stock Position in Harmony Gold Mining Company Limited $HMY

Y Intercept Hong Kong Ltd trimmed its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 17.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212,183 shares of the mining company’s stock after selling 46,169 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Harmony Gold Mining were worth $3,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Colonial Trust Advisors purchased a new position in Harmony Gold Mining in the 2nd quarter valued at $26,000. Farther Finance Advisors LLC raised its position in Harmony Gold Mining by 181.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,773 shares of the mining company’s stock worth $50,000 after buying an additional 1,789 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of Harmony Gold Mining in the 2nd quarter worth $55,000. Hantz Financial Services Inc. boosted its holdings in shares of Harmony Gold Mining by 533.8% in the second quarter. Hantz Financial Services Inc. now owns 4,449 shares of the mining company’s stock valued at $62,000 after acquiring an additional 3,747 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its holdings in shares of Harmony Gold Mining by 973.7% in the third quarter. Bayforest Capital Ltd now owns 4,778 shares of the mining company’s stock valued at $87,000 after acquiring an additional 4,333 shares in the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Analyst Upgrades and Downgrades

HMY has been the subject of a number of recent analyst reports. Hsbc Global Res upgraded shares of Harmony Gold Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 9th. HSBC raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Thursday, October 9th. Wall Street Zen upgraded Harmony Gold Mining from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Investec upgraded Harmony Gold Mining to a “hold” rating in a research report on Friday, October 10th. Finally, Zacks Research lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Harmony Gold Mining Trading Up 1.9%

HMY opened at $23.48 on Monday. Harmony Gold Mining Company Limited has a 1-year low of $9.69 and a 1-year high of $23.80. The stock’s 50 day simple moving average is $20.19 and its 200 day simple moving average is $17.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.72.

About Harmony Gold Mining

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.