Lingotto Investment Management LLP Cuts Holdings in Harmony Gold Mining Company Limited $HMY

Lingotto Investment Management LLP decreased its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 56.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,897,286 shares of the mining company’s stock after selling 6,437,447 shares during the period. Harmony Gold Mining makes up approximately 1.7% of Lingotto Investment Management LLP’s investment portfolio, making the stock its 12th biggest position. Lingotto Investment Management LLP owned 0.77% of Harmony Gold Mining worth $97,456,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC grew its position in Harmony Gold Mining by 48.2% in the third quarter. AQR Capital Management LLC now owns 5,871,169 shares of the mining company’s stock worth $105,916,000 after acquiring an additional 1,910,028 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Harmony Gold Mining by 215.7% in the first quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock worth $82,289,000 after acquiring an additional 3,806,468 shares in the last quarter. Amundi grew its position in Harmony Gold Mining by 21.5% in the third quarter. Amundi now owns 2,879,407 shares of the mining company’s stock worth $53,355,000 after acquiring an additional 509,434 shares in the last quarter. Millennium Management LLC grew its position in Harmony Gold Mining by 21.0% in the third quarter. Millennium Management LLC now owns 2,745,171 shares of the mining company’s stock worth $49,825,000 after acquiring an additional 476,356 shares in the last quarter. Finally, ABC Arbitrage SA grew its position in Harmony Gold Mining by 143.6% in the fourth quarter. ABC Arbitrage SA now owns 2,488,874 shares of the mining company’s stock worth $49,529,000 after acquiring an additional 1,467,370 shares in the last quarter. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Performance

Shares of NYSE HMY opened at $17.66 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.38. Harmony Gold Mining Company Limited has a 1 year low of $12.58 and a 1 year high of $26.06. The firm has a 50-day simple moving average of $16.50 and a two-hundred day simple moving average of $18.85.

Harmony Gold Mining Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 5th. Shareholders of record on Friday, April 24th were paid a $0.3124 dividend. The ex-dividend date of this dividend was Friday, April 24th. This represents a yield of 372.0%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HMY shares. Wall Street Zen upgraded Harmony Gold Mining from a “hold” rating to a “buy” rating in a research report on Sunday. Morgan Stanley upgraded Harmony Gold Mining to an “overweight” rating in a research report on Thursday, April 16th. Finally, Zacks Research upgraded Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Harmony Gold Mining presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Harmony Gold Mining Profile

Harmony Gold Mining Company Limited is a South Africa–based precious metals producer primarily engaged in the exploration, mining and processing of gold. The company operates a portfolio of underground and surface mining operations, targeting both reef-hosted and alluvial deposits. In addition to gold, Harmony’s activities encompass the extraction of copper as a byproduct at its Papua New Guinea operations.

In South Africa, Harmony’s mining footprint includes deep-level underground operations in the Witwatersrand Basin, where it employs a combination of conventional and mechanized mining methods.