Van ECK Associates Corp Reduces Holdings in Harmony Gold Mining Company Limited $HMY

Van ECK Associates Corp lessened its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 12.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 33,612,617 shares of the mining company’s stock after selling 4,781,528 shares during the quarter. Van ECK Associates Corp owned 0.05% of Harmony Gold Mining worth $668,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Harmony Gold Mining during the 4th quarter worth about $26,000. TD Private Client Wealth LLC purchased a new stake in Harmony Gold Mining during the 4th quarter worth about $26,000. Advisory Services Network LLC purchased a new stake in Harmony Gold Mining during the 3rd quarter worth about $25,000. Assetmark Inc. lifted its holdings in Harmony Gold Mining by 907.5% during the 3rd quarter. Assetmark Inc. now owns 1,753 shares of the mining company’s stock worth $32,000 after purchasing an additional 1,579 shares in the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Harmony Gold Mining during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Harmony Gold Mining Stock Performance

NYSE:HMY opened at $15.84 on Friday. The business’s 50-day moving average price is $16.78 and its two-hundred day moving average price is $18.77. Harmony Gold Mining Company Limited has a twelve month low of $12.58 and a twelve month high of $26.06. The company has a quick ratio of 0.38, a current ratio of 0.54 and a debt-to-equity ratio of 0.03.

Harmony Gold Mining Announces Dividend

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

Analysts Set New Price Targets

HMY has been the topic of a number of recent research reports. Wall Street Zen raised Harmony Gold Mining from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Morgan Stanley raised Harmony Gold Mining to an “overweight” rating in a report on Thursday, April 16th. Finally, Zacks Research raised Harmony Gold Mining from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Harmony Gold Mining currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Harmony Gold Mining Company 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.