5 Mining Stocks to Buy Now According to David Iben’s Kopernik Global Investors

In this article, we discuss the 5 mining stocks to buy now according to David Iben’s Kopernik Global Investors. If you want to read our detailed analysis of Iben’s history, investment philosophy, and hedge fund performance, go directly to 11 Mining Stocks to Buy Now According to David Iben’s Kopernik Global Investors.

5. Harmony Gold Mining Company Limited (NYSE:HMY)

Kopernik Global Investors Stake Value: $22,863,000
Percentage of Kopernik Global Investors’ 13F Portfolio: 2.56%
Number of Hedge Fund Holders: 5

Harmony Gold Mining Company Limited (NYSE:HMY) is South Africa’s first and largest gold mining corporation, based in Papua New Guinea and South Africa. Cliff Asness’ AQR Capital Management is the most significant shareholder of Harmony Gold Mining Company Limited (NYSE:HMY) as of Q3 2021, with 18.28 million worth $57.57 million.

In November, Harmony Gold Mining Company Limited (NYSE:HMY) reported a 32% year-over-year and 7% quarter-over-quarter rise in gold output, as well as a 23% year-over-year reduction in net debt for the first quarter of 2022. Harmony Gold Mining Company Limited (NYSE:HMY) produced 606,000 ounces of gold in the quarter, up from 563,000 ounces the year before, despite sales falling slightly to $1.77 billion from $1.82 billion.

By the end of the third quarter of 2021, 5 hedge funds out of the 867 funds tracked by Insider Monkey held stakes in Harmony Gold Mining Company Limited (NYSE:HMY), worth roughly $82.30 million. This is compared to 11 hedge funds in the previous quarter, with a total stake value of approximately $102.39 million.