Wealthstar Advisors LLC Invests $970,000 in Harmony Gold Mining Company Limited $HMY

Wealthstar Advisors LLC purchased a new position in Harmony Gold Mining Company Limited (NYSE:HMY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 63,138 shares of the mining company’s stock, valued at approximately $970,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Advisory Services Network LLC acquired a new stake in Harmony Gold Mining during the third quarter worth about $25,000. TD Private Client Wealth LLC acquired a new position in Harmony Gold Mining in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Harmony Gold Mining in the fourth quarter valued at approximately $26,000. Banque Cantonale Vaudoise bought a new position in shares of Harmony Gold Mining during the first quarter valued at approximately $33,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Harmony Gold Mining during the fourth quarter valued at approximately $36,000. 31.79% of the stock is owned by institutional investors and hedge funds.

Harmony Gold Mining Stock Down 0.2%

Shares of NYSE:HMY opened at $16.06 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $16.53 and its 200 day moving average price is $18.42. Harmony Gold Mining Company Limited has a fifty-two week low of $12.58 and a fifty-two week high of $26.06.

Analyst Ratings Changes

HMY has been the topic of a number of research reports. Zacks Research upgraded Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Wall Street Zen lowered Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. One 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 an average rating of “Moderate Buy” and an average target price of $16.00.

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.