Van Eck Associates Corp. recently announced the acquisition of new stake in Harmony Gold Mining Co Ltd ADR (NYSE:HMY). The institutional investor has increased its shareholding in the Basic Materials company by 0.57% to 53.55 million shares with purchase of 0.3 million shares. This fresh investment now brings its stake to 8.64% valued currently at $334.18 million. In addition, Lingotto Investment Management LL raised its holdings by 2.23 million to 27.02 million shares. And Kopernik Global Investors LLC has lifted its position by 17.15% or 2.67 million shares – to 18.27 million shares.
Currently, there are 619.94M common shares owned by the public and among those 619.84M shares have been available to trade.
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The top 3 mutual fund holders in Harmony Gold Mining Co Ltd ADR are VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and Kopernik Global All Cap Fund. VanEck Gold Miners ETF owns 35.04 million shares of the company’s stock, all valued at over $218.65 million. Kopernik Global All Cap Fund bought 0.27 million shares to bring its total holdings to over 8.49 million shares at a value of $52.97 million. Kopernik Global All Cap Fund now owns shares totaling to 1.37% of the shares outstanding.
However, the script later moved the day high at 6.45, up 6.04%. The company’s stock has a 5-day price change of 13.46% and 39.51% over the past three months. HMY shares are trading 85.88% year to date (YTD), with the 12-month market performance up to 96.88% higher. It has a 12-month low price of $2.92 and touched a high of $6.36 over the same period. HMY has an average intraday trading volume of 4.95 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.06%, 20.39%, and 40.51% respectively.
Institutional ownership of Harmony Gold Mining Co Ltd ADR (NYSE: HMY) shares accounts for 29.39% of the company’s 619.94M shares outstanding. Mutual fund holders own 11.06%, while other institutional holders and individual stakeholders account for 17.93% and — respectively.
It has a market capitalization of $3.92B and a beta (3y monthly) value of 1.68. The stock’s trailing 12-month PE ratio is 14.54, while the earnings-per-share (ttm) stands at $0.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.07% over the week and 3.56% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 67.35%, and 19.66% over the next financial year.
