Public Employees Retirement System of Ohio Buys New Position in Harmony Gold Mining Company Limited (NYSE:HMY)

Public Employees Retirement System of Ohio bought a new stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 138,791 shares of the mining company’s stock, valued at approximately $1,412,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hara Capital LLC purchased a new position in Harmony Gold Mining during the 3rd quarter valued at about $38,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Harmony Gold Mining in the 2nd quarter valued at about $41,000. Wallace Advisory Group LLC purchased a new position in shares of Harmony Gold Mining in the 2nd quarter valued at about $94,000. Ballentine Partners LLC purchased a new position in shares of Harmony Gold Mining in the 2nd quarter valued at about $112,000. Finally, Ground Swell Capital LLC purchased a new position in shares of Harmony Gold Mining in the 3rd quarter valued at about $115,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HMY. Bank of America began coverage on Harmony Gold Mining in a research note on Monday, October 21st. They issued a “neutral” rating for the company. JPMorgan Chase & Co. lifted their price objective on Harmony Gold Mining from $8.20 to $8.40 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Finally, StockNews.com cut Harmony Gold Mining from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th.

Harmony Gold Mining Price Performance

HMY stock opened at $8.30 on Thursday. The business has a 50 day moving average price of $9.90 and a 200 day moving average price of $9.67. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 0.46 and a beta of 1.72. Harmony Gold Mining Company Limited has a fifty-two week low of $5.40 and a fifty-two week high of $12.29. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04.

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.