This past Thursday, the equity analysts working for StockNews.com published a report announcing they would begin covering Harmony Gold Mines (NYSE: HMY).
The recommendation given to the company’s customers regarding their investments in the mining company’s stock was to “hold” those investments.
The opening price of a share of stock listed on the NYSE under the symbol HMY was $3.61 on Thursday. Currently, the debt-to-equity ratio stands at 0.22, the quick ratio at 0.97, and the current ratio at 1.52.
The price of Harmony Gold Mining’s share has ranged between $1.93 and $5.40 over the last 52 weeks, with a low of $1.93 and a high of $5.40.
According to the simple moving average calculated over the past 200 days, the stock’s price is currently $3.13, while the fifty-day simple moving average places it at $3.47.
Separately, in a research note published on Monday, January 30th, HSBC changed its recommendation for Harmony Gold Mining from “hold” to “reduce,” indicating a lower rating for the company.
This change was made about the rating of the stock.
Recent happenings have caused many hedge funds and institutional investors to modify their investment strategies due to these changes.
During the last three months of 2018, Exor Capital LLP increased the percentage of Harmony Gold Mines stock it owned to 11.5%. Following the acquisition of an additional 3,079,485 shares during the most recent quarter, Exor Capital LLP now possesses 29,744,388 shares of the stock held by the mining company.
The total value of the firm’s stock holdings, as measured by the firm’s current market value, is $119,549,000.
During the fourth quarter, Squarepoint Ops LLC achieved a 480.3% increase in the percentage of ownership it holds in the Harmony Gold Mine.
As a result of purchasing an additional 115,997 shares of the mining company’s stock during the most recent fiscal quarter, Squarepoint Ops LLC now holds a total of 140,149 shares of the company’s stock, which has a value of $477,000.
The purchase of a new stake in Harmony Gold Mines by Susquehanna International Group Ltd cost the company more than one hundred sixty thousand dollars during the fourth quarter. Susquehanna International Securities Ltd made a new investment in Harmony Gold Mines during the quarter, which ended in the fourth month, and contributed 324,000 dollars to the company.
In the end, Morgan Stanley boosted its holdings in Harmony Gold Mines by 9.1% during the reporting period that the company used for its fourth quarter.
Morgan Stanley now has 1,695,009 shares of the stock held by the mining business, which it acquired by purchasing an additional 141,051 shares during the most recent fiscal quarter.
The current value of these shares, when traded on the market, is $5,763,000.
At present, institutional investors and hedge funds collectively control 36.50% of the total number of shares issued by the company.
Harmony Gold Mining Co Ltd is a company that is active in the gold mining industry as well as the exploration of new gold deposits.
This function’s responsibilities include mine construction, land rehabilitation, open-pit operation management, sales and financial management, and mine closure. Other responsibilities include managing sales and finances.
The following is a list of the company’s business divisions: South African Surface Operations, Mine Waste Solutions, Kalgold, Hidden Valley, Moab Khotsong, Mponeng, Bambanani, Doornkop, Joel, Target 1, Kusasalethu, and Masimong.