Seven Eight Capital LP Makes New Investment in Harmony Gold Mining Company Limited (NYSE:HMY)

Seven Eight Capital LP acquired a new position in Harmony Gold Mining Company Limited (NYSE:HMY) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 67,630 shares of the mining company’s stock, valued at approximately $553,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Harmony Gold Mining by 29.2% in the 1st quarter. GAMMA Investing LLC now owns 6,622 shares of the mining company’s stock worth $54,000 after buying an additional 1,496 shares in the last quarter. Atomi Financial Group Inc. raised its stake in shares of Harmony Gold Mining by 19.7% in the 1st quarter. Atomi Financial Group Inc. now owns 17,031 shares of the mining company’s stock worth $139,000 after buying an additional 2,801 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of Harmony Gold Mining in the 4th quarter worth $34,000. St. Johns Investment Management Company LLC bought a new stake in shares of Harmony Gold Mining in the 1st quarter worth $52,000. Finally, Citigroup Inc. raised its stake in shares of Harmony Gold Mining by 59.4% in the 3rd quarter. Citigroup Inc. now owns 19,755 shares of the mining company’s stock worth $74,000 after buying an additional 7,361 shares in the last quarter. Institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

Shares of Harmony Gold Mining stock traded down $0.15 on Wednesday, reaching $8.94. 5,556,086 shares of the company were exchanged, compared to its average volume of 5,162,091. Harmony Gold Mining Company Limited has a fifty-two week low of $3.41 and a fifty-two week high of $11.04. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $9.24 and a 200-day moving average price of $7.97.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. HSBC downgraded Harmony Gold Mining from a “hold” rating to a “reduce” rating in a research note on Friday, April 19th. StockNews.com lowered Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. cut their target price on Harmony Gold Mining from $5.80 to $4.80 and set an “underweight” rating on the stock in a research report on Wednesday, July 3rd.

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.