Consolidated Portfolio Review Corp bought a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 116,738 shares of the mining company's stock, valued at approximately $1,187,000.
Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP bought a new stake in Harmony Gold Mining during the fourth quarter worth $4,667,000. Hennion & Walsh Asset Management Inc. bought a new position in Harmony Gold Mining in the first quarter valued at about $96,000. Claro Advisors LLC acquired a new position in Harmony Gold Mining during the first quarter worth about $225,000. Norden Group LLC bought a new position in shares of Harmony Gold Mining in the first quarter worth about $303,000. Finally, Veracity Capital LLC acquired a new stake in shares of Harmony Gold Mining in the 1st quarter valued at approximately $115,000. Institutional investors own 31.79% of the company's stock.
Harmony Gold Mining Trading Down 2.8 %
Shares of NYSE:HMY traded down $0.32 during mid-day trading on Friday, reaching $11.28. 2,992,584 shares of the company's stock were exchanged, compared to its average volume of 3,710,795. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 0.57 and a beta of 1.79. Harmony Gold Mining Company Limited has a twelve month low of $4.42 and a twelve month high of $12.29. The business's fifty day moving average price is $10.23 and its 200-day moving average price is $9.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.56.
Harmony Gold Mining Cuts Dividend
The business also recently declared a Semi-Annual dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were given a $0.042 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a dividend yield of 1.2%. Harmony Gold Mining's dividend payout ratio (DPR) is presently 6.57%.
Analyst Upgrades and Downgrades
HMY has been the subject of several research reports. JPMorgan Chase & Co. raised shares of Harmony Gold Mining from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $4.90 to $8.20 in a research note on Thursday, October 10th. Bank of America started coverage on Harmony Gold Mining in a report on Monday, October 21st. They set a "neutral" rating on the stock.
Check Out Our Latest Stock Analysis on HMY
About Harmony Gold Mining
(
Free Report)
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.
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