Weiss Asset Management LP Cuts Position in Harmony Gold Mining Company Limited $HMY

Weiss Asset Management LP reduced its position in Harmony Gold Mining Company Limited (NYSE:HMY) by 66.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,080 shares of the mining company’s stock after selling 61,560 shares during the period. Weiss Asset Management LP’s holdings in Harmony Gold Mining were worth $478,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Advisory Services Network LLC purchased a new position in Harmony Gold Mining in the third quarter valued at approximately $25,000. TD Private Client Wealth LLC acquired a new position in Harmony Gold Mining during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Harmony Gold Mining during the fourth quarter worth approximately $26,000. Ascentis Independent Advisors purchased a new stake in Harmony Gold Mining during the first quarter worth approximately $28,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Harmony Gold Mining in the first quarter worth $33,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HMY. Morgan Stanley raised 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 report on Friday, July 17th. Wall Street Zen upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Finally, Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Harmony Gold Mining Stock Performance

NYSE HMY opened at $15.54 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.38 and a current ratio of 0.54. Harmony Gold Mining Company Limited has a fifty-two week low of $12.58 and a fifty-two week high of $26.06. The business has a 50 day moving average price of $16.03 and a two-hundred day moving average price of $17.76.

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.