Harmony Gold Mining Company Limited $HMY Shares Acquired by Dorsey Wright & Associates

Dorsey Wright & Associates raised its holdings in Harmony Gold Mining Company Limited (NYSE:HMY) by 41.2% during the first quarter, Holdings Channel reports. The institutional investor owned 204,042 shares of the mining company’s stock after buying an additional 59,582 shares during the period. Dorsey Wright & Associates’ holdings in Harmony Gold Mining were worth $3,136,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Harmony Gold Mining during the 4th quarter worth $26,000. TD Private Client Wealth LLC purchased a new stake in Harmony Gold Mining during the 4th quarter valued at approximately $26,000. Advisory Services Network LLC acquired a new stake in shares of Harmony Gold Mining during the third quarter worth $25,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Harmony Gold Mining in the 4th quarter worth $36,000. Finally, Ascentis Independent Advisors acquired a new stake in Harmony Gold Mining in the first quarter valued at about $28,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. Finally, Wall Street Zen raised shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Harmony Gold Mining presently has an average rating of “Moderate Buy”.

Harmony Gold Mining Trading Down 0.9%

HMY opened at $14.65 on Friday. Harmony Gold Mining Company Limited has a 1 year low of $12.58 and a 1 year high of $26.06. The firm has a 50 day moving average price of $16.26 and a 200 day moving average price of $18.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38.

Harmony Gold Mining 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.