Van ECK Associates Corp Has $700.66 Million Stake in Harmony Gold Mining Company Limited (NYSE:HMY)

Van ECK Associates Corp raised its holdings in Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,895,088 shares of the mining company's stock after purchasing an additional 2,206,537 shares during the quarter. Harmony Gold Mining makes up about 0.8% of Van ECK Associates Corp's investment portfolio, making the stock its 24th largest position. Van ECK Associates Corp owned approximately 10.89% of Harmony Gold Mining worth $700,663,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in Harmony Gold Mining in the 2nd quarter valued at $41,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Harmony Gold Mining during the first quarter worth $77,000. Diversified Trust Co bought a new stake in shares of Harmony Gold Mining during the second quarter worth $93,000. Wallace Advisory Group LLC bought a new stake in shares of Harmony Gold Mining during the second quarter worth $94,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Harmony Gold Mining during the third quarter worth $1,035,000. Institutional investors own 31.79% of the company's stock.

Harmony Gold Mining Stock Down 2.5 %

Shares of Harmony Gold Mining stock traded down $0.27 during trading on Friday, reaching $10.57. 2,489,416 shares of the company were exchanged, compared to its average volume of 3,668,403. The company has a quick ratio of 1.07, a current ratio of 1.56 and a debt-to-equity ratio of 0.04. Harmony Gold Mining Company Limited has a twelve month low of $4.42 and a twelve month high of $12.29. The business has a 50-day moving average price of $10.25 and a 200-day moving average price of $9.63.

Harmony Gold Mining Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 11th were paid a $0.042 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a yield of 1.2%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HMY shares. Bank of America started coverage on Harmony Gold Mining in a research report on Monday, October 21st. They set a "neutral" rating for the company. JPMorgan Chase & Co. upgraded Harmony Gold Mining from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $4.90 to $8.20 in a research report on Thursday, October 10th.

Harmony Gold Mining Company Profile

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.