Renaissance Technologies LLC Has $26.41 Million Stock Holdings in Harmony Gold Mining Company Limited $HMY

Renaissance Technologies LLC boosted its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 46.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,718,320 shares of the mining company’s stock after acquiring an additional 542,200 shares during the quarter. Renaissance Technologies LLC’s holdings in Harmony Gold Mining were worth $26,411,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in Harmony Gold Mining by 48.2% in the third quarter. AQR Capital Management LLC now owns 5,871,169 shares of the mining company’s stock valued at $105,916,000 after acquiring an additional 1,910,028 shares during the period. FIL Ltd acquired a new position in shares of Harmony Gold Mining during the fourth quarter worth approximately $111,182,000. Goldman Sachs Group Inc. lifted its holdings in shares of Harmony Gold Mining by 215.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock worth $82,289,000 after purchasing an additional 3,806,468 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Harmony Gold Mining by 31.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,042,664 shares of the mining company’s stock worth $60,549,000 after purchasing an additional 736,233 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Harmony Gold Mining by 29.3% in the 4th quarter. Lazard Asset Management LLC now owns 2,988,156 shares of the mining company’s stock worth $59,464,000 after purchasing an additional 677,479 shares in the last quarter. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

NYSE HMY opened at $15.51 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. The business has a fifty day simple moving average of $16.00 and a 200 day simple moving average of $17.73. Harmony Gold Mining Company Limited has a 12 month low of $12.58 and a 12 month high of $26.06.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Harmony Gold Mining in a research note on Friday, July 17th. Wall Street Zen raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, Zacks Research upgraded shares of Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Harmony Gold Mining Company Profile

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.