Harmony Gold Mining Company Limited $HMY Shares Purchased by ABC Arbitrage SA

ABC Arbitrage SA grew its stake in shares of Harmony Gold Mining Company Limited (NYSE:HMY) by 143.6% during the fourth quarter, Holdings Channel reports. The firm owned 2,488,874 shares of the mining company’s stock after purchasing an additional 1,467,370 shares during the period. Harmony Gold Mining makes up approximately 4.6% of ABC Arbitrage SA’s investment portfolio, making the stock its 2nd largest position. ABC Arbitrage SA’s holdings in Harmony Gold Mining were worth $49,529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in shares of Harmony Gold Mining by 215.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,571,374 shares of the mining company’s stock valued at $82,289,000 after buying an additional 3,806,468 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Harmony Gold Mining by 286.6% in the 2nd quarter. AQR Capital Management LLC now owns 3,961,141 shares of the mining company’s stock valued at $54,248,000 after purchasing an additional 2,936,552 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Harmony Gold Mining by 7,504.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,306,431 shares of the mining company’s stock worth $41,862,000 after buying an additional 2,276,099 shares during the last quarter. Man Group plc increased its position in Harmony Gold Mining by 1,801.7% during the second quarter. Man Group plc now owns 1,985,093 shares of the mining company’s stock worth $27,732,000 after buying an additional 1,880,708 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in Harmony Gold Mining during the fourth quarter worth approximately $17,832,000. Institutional investors and hedge funds own 31.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HMY shares. Wall Street Zen downgraded Harmony Gold Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Harmony Gold Mining in a research report on Thursday, January 22nd. Zacks Research downgraded shares of Harmony Gold Mining from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Finally, Morgan Stanley upgraded shares of Harmony Gold Mining to an “overweight” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Harmony Gold Mining Price Performance

NYSE:HMY opened at $18.17 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $16.73 and its 200 day moving average price is $18.79. Harmony Gold Mining Company Limited has a 1-year low of $12.58 and a 1-year high of $26.06.

Harmony Gold Mining Announces Dividend

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

About Harmony Gold Mining

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.