Burns Matteson Capital Management LLC Invests $94,000 in Harmony Gold Mining Company Limited (NYSE:HMY)

Burns Matteson Capital Management LLC purchased a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,524 shares of the mining company’s stock, valued at approximately $94,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Harmony Gold Mining during the 4th quarter valued at $32,000. Fifth Third Bancorp purchased a new position in shares of Harmony Gold Mining during the fourth quarter valued at approximately $34,000. St. Johns Investment Management Company LLC bought a new stake in shares of Harmony Gold Mining in the 1st quarter worth approximately $52,000. Atlas Capital Advisors LLC purchased a new stake in shares of Harmony Gold Mining in the 1st quarter worth approximately $61,000. Finally, Intelligence Driven Advisers LLC bought a new position in Harmony Gold Mining during the 4th quarter valued at approximately $67,000. 31.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HMY has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on 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. HSBC downgraded shares of Harmony Gold Mining from a “hold” rating to a “reduce” rating in a research report on Friday, April 19th. Finally, StockNews.com downgraded shares of Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 12th.

Harmony Gold Mining Trading Down 5.2 %

Shares of NYSE:HMY traded down $0.46 during midday trading on Thursday, reaching $8.48. 7,391,308 shares of the company’s stock traded hands, compared to its average volume of 5,177,053. The company has a current ratio of 1.62, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08. Harmony Gold Mining Company Limited has a one year low of $3.41 and a one year high of $11.04. The stock has a 50 day moving average of $9.22 and a 200 day moving average of $7.98.

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.