Vanguard Capital Wealth Advisors Makes New $278,000 Investment in Harmony Gold Mining Company Limited (NYSE:HMY)

Vanguard Capital Wealth Advisors bought a new stake in Harmony Gold Mining Company Limited (NYSE:HMY) in the 1st quarter, Holdings Channel reports. The institutional investor bought 34,000 shares of the mining company’s stock, valued at approximately $278,000.

Several other institutional investors have also added to or reduced their stakes in HMY. Assenagon Asset Management S.A. bought a new position in Harmony Gold Mining in the fourth quarter valued at about $1,723,000. Cloverfields Capital Group LP bought a new stake in shares of Harmony Gold Mining during the fourth quarter worth about $845,000. Citigroup Inc. increased its stake in shares of Harmony Gold Mining by 59.4% in the third quarter. Citigroup Inc. now owns 19,755 shares of the mining company’s stock valued at $74,000 after buying an additional 7,361 shares during the period. AJOVista LLC bought a new position in Harmony Gold Mining in the 4th quarter valued at approximately $1,707,000. Finally, Fifth Third Bancorp acquired a new stake in Harmony Gold Mining during the 4th quarter worth approximately $34,000. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Harmony Gold Mining Stock Up 0.1 %

HMY stock traded up $0.01 during mid-day trading on Friday, reaching $9.18. The company’s stock had a trading volume of 542,775 shares, compared to its average volume of 5,206,991. Harmony Gold Mining Company Limited has a 12 month low of $3.41 and a 12 month high of $10.24. The business’s 50 day moving average price is $8.99 and its 200 day moving average price is $7.50. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a report on Friday, April 12th. JPMorgan Chase & Co. lifted their price objective on Harmony Gold Mining from $5.10 to $5.80 and gave the stock an “underweight” rating in a research note on Tuesday, May 28th. Finally, HSBC downgraded shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a research report on Friday, April 19th.

About Harmony Gold Mining

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.