Acadian Asset Management LLC Boosts Holdings in Harmony Gold Mining Company Limited (NYSE:HMY)

Acadian Asset Management LLC grew its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 234.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 876,464 shares of the mining company’s stock after purchasing an additional 614,445 shares during the period. Acadian Asset Management LLC’s holdings in Harmony Gold Mining were worth $7,152,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of Harmony Gold Mining during the 4th quarter worth about $32,000. Fifth Third Bancorp acquired a new position in Harmony Gold Mining during the fourth quarter valued at approximately $34,000. St. Johns Investment Management Company LLC acquired a new position in Harmony Gold Mining during the first quarter valued at approximately $52,000. Atlas Capital Advisors LLC acquired a new position in Harmony Gold Mining during the first quarter valued at approximately $61,000. Finally, Intelligence Driven Advisers LLC acquired a new position in Harmony Gold Mining during the fourth quarter valued at approximately $67,000. 31.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HMY shares. JPMorgan Chase & Co. dropped their price objective on shares of Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating on the stock in a research note on Wednesday, July 3rd. StockNews.com lowered shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th. Finally, HSBC lowered shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a research note on Friday, April 19th.

Harmony Gold Mining Stock Performance

Shares of NYSE:HMY traded down $0.27 during midday trading on Monday, reaching $9.09. The company had a trading volume of 2,743,513 shares, compared to its average volume of 5,154,696. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average price is $9.25 and its 200-day moving average price is $7.92. Harmony Gold Mining Company Limited has a one year low of $3.41 and a one year high of $11.04.

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.