ABC Arbitrage SA Takes Position in Harmony Gold Mining Company Limited (NYSE:HMY)

ABC Arbitrage SA bought a new stake in Harmony Gold Mining Company Limited (NYSE:HMY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,463,933 shares of the mining company’s stock, valued at approximately $20,229,000. Harmony Gold Mining makes up about 2.9% of ABC Arbitrage SA’s investment portfolio, making the stock its 8th biggest holding. ABC Arbitrage SA owned 0.39% of Harmony Gold Mining at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HMY. Creative Planning lifted its stake in shares of Harmony Gold Mining by 3.6% in the 3rd quarter. Creative Planning now owns 59,686 shares of the mining company’s stock valued at $607,000 after purchasing an additional 2,061 shares during the last quarter. Blue Trust Inc. raised its holdings in Harmony Gold Mining by 159.4% during the 3rd quarter. Blue Trust Inc. now owns 40,022 shares of the mining company’s stock valued at $407,000 after buying an additional 24,592 shares during the period. Veracity Capital LLC lifted its position in Harmony Gold Mining by 7.9% in the third quarter. Veracity Capital LLC now owns 13,747 shares of the mining company’s stock worth $140,000 after buying an additional 1,003 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Harmony Gold Mining during the third quarter worth $1,035,000. Finally, Consolidated Portfolio Review Corp bought a new position in Harmony Gold Mining during the third quarter valued at $1,187,000. Institutional investors own 31.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Bank of America began coverage on shares of Harmony Gold Mining in a research note on Monday, October 21st. They issued a “neutral” rating for the company. Finally, StockNews.com cut Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th.

Harmony Gold Mining Stock Down 4.3 %

NYSE:HMY opened at $11.43 on Friday. The stock has a fifty day simple moving average of $9.70 and a 200-day simple moving average of $9.87. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Harmony Gold Mining Company Limited has a twelve month low of $5.41 and a twelve month high of $12.48.

Harmony Gold Mining 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.