U S Global Investors Inc. Sells 344,254 Shares of Harmony Gold Mining Company Limited (NYSE:HMY)

U S Global Investors Inc. lessened its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 63.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 200,000 shares of the mining company’s stock after selling 344,254 shares during the period. U S Global Investors Inc.’s holdings in Harmony Gold Mining were worth $1,642,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hara Capital LLC bought a new position in shares of Harmony Gold Mining in the third quarter worth $38,000. Grove Bank & Trust grew its position in Harmony Gold Mining by 400.0% during the fourth 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. Alliance Wealth Advisors LLC UT bought a new position in Harmony Gold Mining in the 4th quarter worth about $88,000. Private Advisor Group LLC raised its holdings 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 valued at $107,000 after acquiring an additional 1,987 shares in the last quarter. Finally, Ground Swell Capital LLC bought a new stake in shares of Harmony Gold Mining during the 3rd quarter valued at about $115,000. 31.79% of the stock is currently owned by hedge funds and other institutional investors.

Harmony Gold Mining Stock Down 7.6 %

Shares of NYSE:HMY opened at $10.09 on Friday. The stock has a market capitalization of $6.40 billion, a P/E ratio of 5.97, a price-to-earnings-growth ratio of 0.63 and a beta of 1.75. The stock’s 50-day moving average price is $10.14 and its 200-day moving average price is $10.00. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Harmony Gold Mining Company Limited has a 12-month low of $5.41 and a 12-month high of $12.48.

Analyst Ratings Changes

Several research analysts recently weighed in on HMY shares. JPMorgan Chase & Co. upped their price objective on shares of Harmony Gold Mining from $8.20 to $8.40 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. StockNews.com lowered Harmony Gold Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th.

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.