Ninety One UK Ltd Sells 49,501 Shares of Harmony Gold Mining Company Limited $HMY

Ninety One UK Ltd decreased its position in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 626,189 shares of the mining company’s stock after selling 49,501 shares during the quarter. Ninety One UK Ltd’s holdings in Harmony Gold Mining were worth $11,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HMY. Renaissance Technologies LLC grew its holdings in shares of Harmony Gold Mining by 46.1% in the first quarter. Renaissance Technologies LLC now owns 1,718,320 shares of the mining company’s stock valued at $26,411,000 after purchasing an additional 542,200 shares during the period. Sei Investments Co. increased its position in Harmony Gold Mining by 22.0% during the first quarter. Sei Investments Co. now owns 906,906 shares of the mining company’s stock worth $13,939,000 after purchasing an additional 163,409 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Harmony Gold Mining by 18.6% during the first quarter. Public Employees Retirement System of Ohio now owns 553,186 shares of the mining company’s stock worth $8,502,000 after purchasing an additional 86,827 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in Harmony Gold Mining by 2.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 400,574 shares of the mining company’s stock worth $6,157,000 after purchasing an additional 9,089 shares during the period. Finally, U S Global Investors Inc. raised its stake in Harmony Gold Mining by 49.4% during the first quarter. U S Global Investors Inc. now owns 397,947 shares of the mining company’s stock worth $6,116,000 after purchasing an additional 131,538 shares during the period. Institutional investors and hedge funds own 31.79% of the company’s stock.

Harmony Gold Mining Price Performance

HMY stock opened at $16.96 on Friday. The business has a fifty day moving average of $19.36 and a two-hundred day moving average of $17.39. Harmony Gold Mining Company Limited has a 52-week low of $13.03 and a 52-week high of $26.06.

Harmony Gold Mining Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, October 19th. Stockholders of record on Friday, October 9th will be paid a $0.4611 dividend. This represents a dividend yield of 546.0%. The ex-dividend date of this dividend is Friday, October 9th.

Analysts Set New Price Targets

Several research firms have weighed in on HMY. Wall Street Zen lowered shares of Harmony Gold Mining from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Zacks Research raised shares of Harmony Gold Mining to a “hold” rating in a research note on Tuesday, September 8th. Finally, Weiss Ratings upgraded shares of Harmony Gold Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Harmony Gold Mining presently has an average rating of “Moderate Buy”.

Harmony Gold Mining Company Profile

Harmony Gold Mining Company Limited is a South African-based gold producer engaged in the exploration, extraction, processing and refining of gold. The company operates a portfolio of underground and surface mines, supported by related processing facilities and exploration activities.

Harmony’s operations are primarily located in South Africa, with additional assets in Papua New Guinea. Its international portfolio includes the Hidden Valley open-pit gold and silver mine, while the company also participates in the Wafi-Golpu copper-gold development project in Papua New Guinea.