Harmony Gold Mining Company Limited (NYSE:HMY) recovered 85.26% of its value since hitting low of $1.42. The recent move of 1.93% gain helped the stock to close at $2.64 when trading ended on 7/30/2019. At a recent session, the prices were hovering between $2.59 and $2.66. This company shares are 20.83% off its target price of $3.19 and the current market capitalization stands at $1.47B. The recent change has given its price a 25.82% lead over SMA 50 and 1.15% lead over its 52-week high. The stock witnessed 16.3% gains, 51.72% gains and 29.41% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HMY’s volatility during a week at 4.23% and during a month it has been found around 4.65%.
What Does Harmony Gold Mining Company Limited (HMY) Do?
The company describes itself in regulatory filings as, “Harmony Gold Mining Co. Ltd. engages in mining and exploration of gold. It involves in building mines and open-pit operation; sales and financial management; and land rehabilitation and mine closure. It operates through the following segments: Tshepong Operations, Moab Khotsong, Bambanani, Joel, Doornkop, Target 1, Kusasalethu, Masimong, Unisel, and All Other Surface Operations. The company was founded on August 25, 1950 and is headquartered in Randfontein, South Africa.” [Text can be found here: https://www.marketwatch.com/investing/stock/HMY/profile under company description.]Harmony Gold Mining Company Limited (HMY) Top Holders
Institutional investors currently hold around $393 million or 30% in HMY stock. Look at its top three institutional owners: Van Eck Associates Corp owns $170.48 million in Harmony Gold Mining Company Limited, which represents roughly 11.6% of the company’s market cap and approximately 43.38% of the institutional ownership. Similar statistics are true for the second largest owner, Exor Investments (Uk) Llp, which owns 14,762,756 shares of the stock are valued at $38.24 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $23.27 million worth of this stock and that ownership represents nearly 1.58% of its market capitalization.
At the end of March reporting period, 49 institutional holders increased their position in Harmony Gold Mining Company Limited (NYSE:HMY) by some 20,114,241 shares, 42 decreased positions by 11,629,443 and 11 held positions by 120,157,735. That puts total institutional holdings at 151,901,419 shares, according to SEC filings. The stock grabbed 19 new institutional investments totaling 6,856,078 shares while 14 institutional investors sold out their entire positions totaling 3,948,659 shares.Harmony Gold Mining Company Limited (HMY) Analyst Guide
Not many analysts have released their opinion on Harmony Gold Mining Company Limited (NYSE:HMY), with 1 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.5 average brokerage recommendation [T1].