245,501 Shares in Harmony Gold Mining Company Limited (NYSE:HMY) Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC acquired a new position in Harmony Gold Mining Company Limited (NYSE:HMY) during the 4th quarter, Holdings Channel reports. The fund acquired 245,501 shares of the mining company’s stock, valued at approximately $2,016,000.

Several other institutional investors and hedge funds have also made changes to their positions in HMY. Grove Bank & Trust boosted its position in shares of Harmony Gold Mining by 400.0% in the 4th quarter. Grove Bank & Trust now owns 5,000 shares of the mining company’s stock worth $41,000 after buying an additional 4,000 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Harmony Gold Mining by 230.3% in the 4th quarter. Jones Financial Companies Lllp now owns 5,853 shares of the mining company’s stock worth $48,000 after buying an additional 4,081 shares in the last quarter. Alliance Wealth Advisors LLC UT purchased a new stake in shares of Harmony Gold Mining in the 4th quarter worth about $88,000. Private Advisor Group LLC boosted its position in shares of Harmony Gold Mining by 18.0% in the 4th quarter. Private Advisor Group LLC now owns 13,037 shares of the mining company’s stock worth $107,000 after buying an additional 1,987 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Harmony Gold Mining by 12.3% in the 4th quarter. US Bancorp DE now owns 13,801 shares of the mining company’s stock worth $113,000 after buying an additional 1,514 shares in the last quarter. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HMY has been the topic of several recent research reports. StockNews.com upgraded shares of Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. upped their target price on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a report on Tuesday, November 12th.

Harmony Gold Mining Price Performance

NYSE:HMY opened at $11.85 on Friday. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 7.01, a price-to-earnings-growth ratio of 0.63 and a beta of 1.85. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average is $10.42 and its two-hundred day moving average is $10.01. Harmony Gold Mining Company Limited has a 12-month low of $7.15 and a 12-month high of $12.49.

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.