Sanctuary Advisors LLC Takes $1.53 Million Position in Harmony Gold Mining Company Limited (NYSE:HMY)

Sanctuary Advisors LLC purchased a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 158,481 shares of the mining company’s stock, valued at approximately $1,526,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HMY. Consolidated Portfolio Review Corp purchased a new position in shares of Harmony Gold Mining during the third quarter worth about $1,187,000. Thrivent Financial for Lutherans acquired a new stake in shares of Harmony Gold Mining in the 2nd quarter valued at about $1,141,000. Public Employees Retirement System of Ohio purchased a new position in Harmony Gold Mining during the 3rd quarter worth approximately $1,412,000. Ritholtz Wealth Management increased its position in Harmony Gold Mining by 44.1% during the third quarter. Ritholtz Wealth Management now owns 173,879 shares of the mining company’s stock worth $1,768,000 after buying an additional 53,244 shares during the period. Finally, Bridgewater Associates LP lifted its stake in Harmony Gold Mining by 34.6% in the third quarter. Bridgewater Associates LP now owns 403,178 shares of the mining company’s stock valued at $4,100,000 after buying an additional 103,608 shares during the last quarter. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Harmony Gold Mining Stock Up 1.1 %

Harmony Gold Mining stock opened at $8.43 on Friday. The stock has a 50 day moving average of $9.83 and a two-hundred day moving average of $9.66. Harmony Gold Mining Company Limited has a twelve month low of $5.40 and a twelve month high of $12.29. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 0.46 and a beta of 1.72. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Bank of America began coverage on shares of Harmony Gold Mining in a research report on Monday, October 21st. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research note on Tuesday, November 12th.

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.