Massachusetts Financial Services Co. MA Takes Position in Harmony Gold Mining Co. (HMY)

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Massachusetts Financial Services Co. MA bought a new position in shares of Harmony Gold Mining Co. (NYSE:HMY) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 442,860 shares of the mining company’s stock, valued at approximately $735,000. Massachusetts Financial Services Co. MA owned about 0.10% of Harmony Gold Mining at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Commerzbank Aktiengesellschaft FI boosted its holdings in Harmony Gold Mining by 11.1% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,315,579 shares of the mining company’s stock worth $2,052,000 after buying an additional 131,285 shares during the last quarter. Jane Street Group LLC boosted its holdings in Harmony Gold Mining by 39.7% during the second quarter. Jane Street Group LLC now owns 754,163 shares of the mining company’s stock worth $1,176,000 after buying an additional 214,336 shares during the last quarter. Bank of Montreal Can boosted its holdings in Harmony Gold Mining by 55.2% during the third quarter. Bank of Montreal Can now owns 885,431 shares of the mining company’s stock worth $1,470,000 after buying an additional 315,039 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Harmony Gold Mining by 40.8% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,263,911 shares of the mining company’s stock worth $1,972,000 after buying an additional 366,161 shares during the last quarter. Finally, Exor Investments UK LLP boosted its holdings in Harmony Gold Mining by 6.8% during the third quarter. Exor Investments UK LLP now owns 13,275,728 shares of the mining company’s stock worth $22,038,000 after buying an additional 850,000 shares during the last quarter. Hedge funds and other institutional investors own 28.40% of the company’s stock.

NYSE:HMY opened at $1.67 on Friday. Harmony Gold Mining Co. has a fifty-two week low of $1.42 and a fifty-two week high of $2.53. The company has a current ratio of 1.15, a quick ratio of 0.67 and a debt-to-equity ratio of 0.20. The stock has a market cap of $782.72 million, a PE ratio of 12.85 and a beta of -2.01.

A number of brokerages have issued reports on HMY. Zacks Investment Research upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a report on Tuesday, October 16th. Macquarie cut Harmony Gold Mining from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 28th. Finally, ValuEngine cut Harmony Gold Mining from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 15th. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Harmony Gold Mining has a consensus rating of “Hold” and an average target price of $2.25.

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About Harmony Gold Mining

Harmony Gold Mining Company Limited engages in the exploration and mining of gold in South Africa and Papua New Guinea. The company also explores for copper and silver deposits. It has nine underground operations; an open-pit mine; and various other surface operations in South Africa. The company owns interests in the Hidden Valley, an open-pit gold and silver mine; the Wafi Golpu project in Morobe province; and the Kili Teke gold-copper exploration project in Papua New Guinea.

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Institutional Ownership by Quarter for Harmony Gold Mining (NYSE:HMY)

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